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HomeNewsBusinessEarningsDLF Q4 profit seen down 40% to Rs 103 cr on higher interest cost

DLF Q4 profit seen down 40% to Rs 103 cr on higher interest cost

Topline fall may be on account of no new project for revenue recognition during the quarter. Pre sales booking are expected to be muted at 0.4 million square feet against 0.2 msf in Q3 as phase V super premium project is expected to be only contributor to pre-sales.

May 26, 2016 / 17:23 IST
     
     
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    Realty major DLF's fourth quarter profit is seen falling 40 percent to Rs 103.2 crore and revenue may decline 1 percent to Rs 1,937.5 crore compared to year-ago period, according to average of estimates of analysts polled by CNBC-TV18. Earnings will be announce on May 27.

    Topline fall may be on account of no new project for revenue recognition during the quarter. Pre sales booking are expected to be muted at 0.4 million square feet against 0.2 msf in Q3 as phase V super premium project is expected to be only contributor to pre-sales.

    Higher interest cost and lower other income may impact bottomline.

    However, operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) is seen rising 17.4 percent to Rs 816 crore and margin may expand 660 basis points to 42.2 percent compared to year-ago period.

    first published: May 26, 2016 05:23 pm

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