Moneycontrol
Get App
Last Updated : Feb 08, 2020 05:57 PM IST | Source: PTI

DLF's sales bookings up 21% at Rs 2,156 cr in Apr-Dec 2019

The company said it is confident of achieving the sales target of Rs 2,700 crore for the entire 2019-20 financial year.

Representative Image
Representative Image
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Realty major DLF's net sales bookings rose 21 per cent to Rs 2,156 crore during April-December, 2019-20 on better demand for its completed inventory.  Its sales bookings stood at Rs 1,788 crore in the year-ago period.

According to its investor presentation, DLF's sales bookings stood at Rs 731 crore in the third quarter of this fiscal as against Rs 563 crore in the corresponding period of the previous year.

The company said it is confident of achieving the sales target of Rs 2,700 crore for the entire 2019-20 financial year.

Close

During 2018-19, DLF clocked sales bookings of Rs 2,435 crore.

It said the company would continue to focus on faster monetisation of unsold completed housing stocks worth Rs 9,415 crore. The demand for luxury segment remained subdued.

"Entering into the new cycle of development for replenishment of completed inventory at select marquee locations. Planned new projects of around 21 million sq ft," the presentation said.

On debt, DLF said its net debt stood at Rs 4,866 crore at the end of the third quarter.

"The company expects to exit the current year (fiscal) with around similar level of debt," it added.

Earlier this week, DLF reported 24 percent increase in consolidated net profit at Rs 414.01 crore for the quarter ended December despite fall in income.

Its net profit stood at Rs 335.15 crore in the year-ago period.

Total income fell 36 percent to Rs 1,533.34 crore in the third quarter of 2019-20 from Rs 2,405.89 crore in the corresponding period previous year.

Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only).

First Published on Feb 8, 2020 05:45 pm
Sections
Follow us on