After Q1 result, DLF around 9 per cent up Intraday

DLF is a real estate company. DLF's primary business is split into development of residential, commercial and retail properties & rental business of offices and retails. Apart from this the company also owns wind power plants.

India's largest realty firm DLF on Thursday reported its first quarter result, wherein the Consolidated Revenue stood at Rs 2346 crore, up by 27 per cent from Rs 1852 crore y-o-y. Total expenses increased by 37 per cent to Rs 1540 crore on yearly basis. EBIDTA stood at Rs 942 crore, up by 9 per cent from Rs 863 crore, EBITDA margin contracted by 563 basis points to 37.09 per cent.

Other income reduced by 9.46 per cent to Rs 114.47 crore, finance cost increased by 8.28 per cent to Rs 604.32 crore y-o-y basis. A 5 per cent decline in consolidated net profit was observed at Rs 121.55 crore for the quarter ending June FY16 as compared to Rs 128 crore in Q1FY15, due to higher finance cost and rise in operational expenses.

During the quarter, the cost of land, plots, development rights and constructed properties rose by 61 per cent to Rs 1,150.79 crore Q-o-Q basis.

In a statement, DLF said "it expects to deliver about 20 million sq ft of area over next few quarters which will create ready to move in stock. The company believes it would be more fruitful to be prepared for the up cycle in the market by readying finished stock rather than launching new projects in these tepid market conditions,"

FII holding decreased by 52 basis points to 20.12 per cent, FII holdings increased by 4 basis points to 0.33 per cent.

Today DLF is trading 9 per cent up at Rs 124.