Compare Listings

DLF sales bookings up 21% at Rs 2,156 cr in April-Dec 2019

DLF sales bookings up 21% at Rs 2,156 cr in April-Dec 2019

Realty major DLF’s net sales bookings rose 21 per cent to Rs 2,156 crore during April-December, 2019-20 on better demand for its completed inventory. Its sales bookings stood at Rs 1,788 crore in the year-ago period.

According to its investor presentation, DLF’s sales bookings stood at Rs 731 crore in the third quarter of this fiscal as against Rs 563 crore in the corresponding period of the previous year.

The company said it is confident of achieving the sales target of Rs 2,700 crore for the entire 2019-20 financial year. During 2018-19, DLF clocked sales bookings of Rs 2,435 crore.

It said the company would continue to focus on faster monetisation of unsold completed housing stocks worth Rs 9,415 crore. The demand for luxury segment remained subdued.

“Entering into the new cycle of development for replenishment of completed inventory at select marquee locations. Planned new projects of around 21 million sq ft,” the presentation said.

On debt, DLF said its net debt stood at Rs 4,866 crore at the end of the third quarter. “The company expects to exit the current year (fiscal) with around similar level of debt,” it added.

Earlier this week, DLF reported 24 per cent increase in consolidated net profit at Rs 414.01 crore for the quarter ended December despite fall in income.

Its net profit stood at Rs 335.15 crore in the year-ago period. Total income fell 36 per cent to Rs 1,533.34 crore in the third quarter of 2019-20 from Rs 2,405.89 crore in the corresponding period previous year.

Source

img

Axiom Landbase

Related posts

Inauguration of Dwarka Expressway by PM Modi poised to uplift Gurugram’s property market

Prime Minister Narendra Modi has finally inaugurated the Haryana section of the Dwarka Expressway....

Continue reading
by Axiom Landbase

Chintels India Hands Over Two Land Parcels Valued at Rs 121.82 Crore near Dwarka Expressway to Sobha Group

Gurugram-based real estate developer Chintels India has also transferred the ownership of two land...

Continue reading
by Axiom Landbase

Gurugram Property Rates could see a potential 70% increase; here’s the reason why

The property process in Gurugram might see an unpredicted hike as a new collector rate has been...

Continue reading
by Axiom Landbase
Trehan-one-good-earth-gurgaon-new-popup-02-05-2024

ENQUIRE NOW