Page 6 - Dlf Realty

DLF posts Rs 1,857 cr loss in Q4 FY20 on back of reversal of DTA

Total income fell to Rs 6,884.14 crore in 2019-20 from Rs 9,029.41 crore in the previous year

DLF's Q3 net profit rises 24% to Rs 414 crore despite fall in income

Its net profit stood at Rs 335.15 crore in the year-ago period

DLF to utilise sales proceeds worth Rs 140 bn to fund new projects: CEO

At the end of first quarter of this financial year, DLF's debt stood at Rs 71.2 billion

DLF to sell only completed apartments as part of its new business model

DLF, along with its partner GIC, has started construction on the first phase of its 7 million sq ft housing projects in central Delhi

DLF hopes to be debt-free by March 2019 with land monetisation plan

Equity analysts have been asking for more visibility into plans to develop holdings of about 235 million square feet

DLF plans to sell ready-to-move-in flats worth Rs 150 bn in next 3-4 years

The real estate sector is facing multi-year demand slowdown, resulting in sluggish sales and unsold inventories

DLF calls board meeting on Dec 1 to approve QIP, warrants issue

DLF is required to launch QIP and also issue of warrants or debentures because of proposed infusion of about Rs 10,500 crore by promoters

Realty shares in focus; DLF, Puravankara, Kolte Patil hit 52-week highs

DLF, HDIL, Suntech Realty, Puravankara, Ansal Buildwell, Kolte-Patil Developers and Indiabulls Real Estate were up more than 5%