DLF is trading 4 per cent up after Q2 results

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

Recently, DLF announced its second quarter FY16 results, the Consolidated Revenue stood at Rs 1865.49 crore, down by 7.33 per cent from Rs 2013.15 crore in second quarter of last fiscal. The total expenses of the company reduced by 21 per cent to Rs 1071.13 crore against Rs 1356.52 crore on yearly basis.

EBIDTA stood at Rs 939 crore, up by 17.96 per cent from Rs 656.63 crore y-o-y basis, EBITDA margin expanded by 1080 basis points to 50.34 per cent on yearly basis. The profit before income and taxes rose by 20.98 per cent to Rs 794.36 crore, the other income of the company increased by 7.42 per cent to Rs 131.53 crore on yearly basis.

The finance cost rose by 17 per cent to Rs 705.58 crore , tax expenses rose by 80 per cent to Rs 77.55 crore on yearly basis. The Net profit of DLF stood at Rs 131.5 crore in Q2FY16 compared to Rs 109 crore in Q2Fy15, grew by 20.58 per cent.

Last month, the company's board decided that DLF promoters, KP Singh family will sell their 40 per cent stake in the company's rental arm DLF Cyber City Developers Ltd (DCCDL), which will help to utilize this fund to trim its debt that stood at more than Rs 21,000 crore as on June 30. The proposed deal is estimated to be valued at around Rs 12,000 crore.

The FII holdings of DLF decreased by 70 basis points to 19.42 per cent, DII holdings increased by 8 basis points to 0.41 per cent as on 30th September 2015. Today, DLF is trading at Rs 124.75, around 4 per cent up on BSE.