MARKET EYE-DLF falls after Oct-Dec results fail to impress

Fri Feb 15, 2013 10:07am IST

Related Topics

Stocks

   

* Shares in DLF Ltd fell as much as 3.6 percent a day
after India's largest listed real estate developer reported a
net profit of 2.85 billion rupees, that missed market
expectations. 
* DLF's Oct-Dec earnings include 8.4 billion rupees from the
sale of Jawala Real Estate, the entity owning the NTC Mumbai
land. Adjusting for this, DLF reported a loss of 5.5 billion
rupees.
* "Lower pre-sales and cost escalations led to a sharp fall in
EBITDA margin from 36.6 percent to 6.6 percent
quarter-on-quarter," Jefferies said in a note.

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:

Reuters Showcase

Markets Weekahead

Markets Weekahead

Focus on sectors which will build India: Ambareesh Baliga.  Full Article 

FMC-SEBI Merger

FMC-SEBI Merger

Regulatory shakeup could revive commodities markets   Full Article 

Tax Incentives

Tax Incentives

Budget woos foreign investors  Full Article 

Excise Duty

Excise Duty

Cigarette makers fall after budget hikes excise duty  Full Article 

Welcoming the Budget

Welcoming the Budget

India Inc cheers corporate tax cut, simpler rules  Full Article 

Gold Price

Gold Price

Gold prices to rise after budget keeps import duty high  Full Article 

Fuel Prices

Fuel Prices

IOC to raise diesel, petrol prices from Sunday  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective - Moody's   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage