DLF Ltd (DLF.BO)
9 Dec 2013
|Market Cap (Mil.):||Rs277,457.19|
|Shares Outstanding (Mil.):||1,781.43|
MUMBAI, Oct 31 - DLF Ltd, India's top real estate developer, posted a 27 percent fall in its consolidated net profit for the July-September quarter, hit by slowing home sales in Asia's third-largest economy.
MUMBAI - Indian property firms, including DLF Ltd, are gearing up to sell the country's first bonds backed by rental income from their office buildings and shopping malls.
MUMBAI - DLF Ltd , India's largest real estate developer by market value, sold two non-core assets worth 1.47 billion rupees, the company said on Tuesday, as part of its effort to pare debt.
Reuters Market Eye - Shares in DLF surged 7.9 percent after the company's April-June earnings came in higher than expectations.
* Shares in India's DLF Ltd gain 3 percent after the company's April-June earnings came in higher than expectations. * DLF, which builds homes, offices and shopping malls, said late on Monday net profit for the June quarter was 1.81 billion rupees ($29.6 million), compared with 2.93 billion rupees a year earlier and above expectations of 1.23 billion rupees. * DLF's operating profit for the quarter was also higher than expectations, analysts said. (email@example.com /; abh
MUMBAI - DLF Ltd, India's largest real estate developer, reported a 38 percent fall in quarterly net profit, weighed down by higher expenses on land and property development.
(Corrects percentage rise of sales in second paragraph to 5.3 pct from 4 pct)
Reuters Market Eye - Citigroup downgrades property developer DLF to "sell" from "neutral" and cuts its target price to 150 rupees from 209 rupees.
* Citigroup downgrades Indian property developer DLF Ltd to "sell" from "neutral" and cuts its target price to 150 rupees from 209 rupees. * "High leverage and mounting interest costs combined with tough macro, slowing demand, and the possibility of tighter liquidity pose significant downside risks," Citigroup said in a note dated on Thursday. * Citigroup added DLF would need a "rapid" resolution to its debt burden to preserve equity value over the medium term. * DLF is shedding non-core assets
REUTERS - Property developer DLF said on Thursday it has agreed to sell its 74 percent stake in a life insurance joint venture with U.S.-based Prudential International Insurance Holdings Ltd to Dewan Housing Finance Corp.