Rental asset transaction key trigger for DLF

Muted demand, worsened by demonetisation, could take a few quarters to revive

The DLF stock, after falling seven per cent in the two previous trading sessions, recovered slightly on Thursday. The stock was down as the trend of weak sales and rising debt continued into the December quarter. The company reported a 30 per cent fall in revenues over the year-ago quarter to Rs 2,058 crore. While margins remained flat, the net profit, given the poor operational performance, higher interest costs and lower other income, fell 44 per cent to Rs 97.6 crore as against estimates, which pegged it at Rs 110 crore.
 
Though gross sales saw an uptick on a