DLF will be announcing their second quarter results for financial year 2013 on November 12. We have collated views of brokers on how they see earnings this time around:
We expect DLF's 2QFY13 revenue at Rs 21.4 billion (near-flat QoQ), EBITDA to de-grow 25% YoY to Rs 8.8 billion, and PAT to de-grow 37% to Rs 2.3 billion owing to higher interest expense.
Revenues to decline 7% yoy led by lack of new launches and lower asset sales (NTC transaction to close in Q3FY13); PAT to decline 31.1% yoy.
DLF’s Q2FY13 reported nos would be lower YoY and QOQ. We expect sales bookings to be at very low QOQ as company did not have any unsold inventory at start of qtr and only 0.45msf of area was launched in Q2FY13. Debt is expected to be flat QoQ as the advances of Rs 5 billion from Mumbai land sale will be used to finance -ve operating cash flows. PAT to down 29.4% to Rs 2.63 billion.
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