21 April, 2014 20:10 IST
News
DLF: Q2 earnings preview
Source: IRIS (12-NOV-12)
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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:

Motilal Oswal:

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.

IDFC Securities:

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.

Emkay:

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.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.



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