DLF gains on turnaround in Q4

DLF rose 2.01% to Rs 207.90 at 11:29 IST on BSE after the company reported a consolidated net profit of Rs 219.68 crore in Q4 March 2014 compared with consolidated net loss of Rs 4.19 crore in Q4 March 2013.

The result was announced after market hours on Thursday, 29 May 2014.

Meanwhile, the S&P BSE Sensex was up 47.85 points or 0.2% at 24,282

On BSE, so far 13.21 lakh shares were traded in the counter as against daily volume of 19.79 lakh shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 212 and a low of Rs 195.55 so far during the day. The stock had hit a 52-week high of Rs 224.55 on 26 May 2014. The stock had hit a record low of Rs 120.25 on 6 August 2013.

The stock had outperformed the market over the past one month till 29 May 2014, rising 32.69% compared with 7.87% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 44.71% as against Sensex's 14.74% rise.

The large-cap real estate company has equity capital of Rs 356.32 crore. Face value per share is Rs 2.

DLF reported a consolidated net profit of Rs 219.68 crore in Q4 March 2014 compared with consolidated net loss of Rs 4.19 crore in Q4 March 2013. Income from operations fell 11.5% to Rs 1969.45 crore in Q4 March 2014 over Q4 March 2013.

On a consolidated basis, DLF's net profit fell 9.23% to Rs 646.24 crore on 6.75% rise in income from operations to Rs 8298.04 crore in the year ended 31 March 2014 over the year ended 31 March 2013.

DLF's board of directors recommended a dividend of Rs 2 per share for the financial year ended 31 March 2014.

DLF has 314 million square feet (msf) of planned projects with 52 msf of projects under construction. DLF's primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market. From developing 22 major colonies in Delhi, DLF is now present across 15 states-24 cities in India.

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