Realty major DLF's third quarter profit is seen rising 18 percent year-on-year to Rs 156 crore, according to average of estimates of analysts polled by CNBC-TV18.
Profit could get supported by Rs 1,990 crore revenue from the GIC deal but overall earnings could be lacklustre, say analysts.
Revenue is likely to increase 3.2 percent to Rs 2,020 crore in quarter ended December 2015 compared to Rs 1,956.7 crore in year-ago period.
So far bookings have been subdued for the company for last few quarters. For December quarter, pre-sales are expected to be at 0.3 million square feet against 0.2 million square feet in preceding quarter. Pre-sales value is expected to be at Rs 700 crore during the quarter agianst Rs 580 crore on sequential basis.
According to analysts, project Camelias is expected to be main contributor to pre-sales for the quarter but the bigger issue for DLF is rise in debt.
In Q2FY16, debt increased to Rs 22,520 crore in quarter ended September 2015 from Rs 21,598 crore in preceding quarter.
Operating profit (earnings before interest, tax, depreciation and amortisation) may increase 2 percent year-on-year to Rs 810 crore but margin may contract 50 basis points to 40.1 percent in quarter gone by.
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