February 15, 2013 / 4:39 AM / 4 years ago

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

1 Min Read

* 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)

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