Page 18 - Dlf

DLF net profit declines 49% to Rs 227.8 cr in Q2, revenue falls 6%

Disruptions following the pandemic impacted its top line too

Realty major DLF's profit down 48% at Rs 232.14 cr in Sep quarter

Realty major DLF on Friday reported 48 per cent decline in its consolidated net profit at Rs 232.14 crore for the quarter ended September.

StanChart GBS' largest office globally coming up in Chennai's DLF Downtown

Standard Chartered GBS is leasing 770,000 sq ft to set-up its largest office establishment in this project

DLF's rental arm raises Rs 2,400 cr from SBI to fund future expansion plans

Realty major DLF's rental arm DCCDL has raised Rs 2,400 crore debt from India's largest lender SBI to refinance its existing debt and fund future expansion plans, a senior company official said. In an interview with PTI, DLF's group chief financial officer (CFO) Vivek Anand said the debt has been raised at a very attractive interest rate of 7.35 per cent, enabling the company to reduce interest cost. DLF Cyber City Developers Ltd (DCCDL), the joint venture between DLF and Singapore sovereign fund GIC, has 33 million sq ft of office and retail properties generating an annual rental income of Rs 3,500 crore. DLF holds 66.66 per cent stake in DCCDL while GIC has the rest. "DCCDL has secured funding of Rs 2,400 crore from India's largest public sector bank SBI. It sets a benchmark for lease rental discounting (LRD) in the country," Anand told PTI. The fund has been raised through the LRD route against a rental portfolio of 2.4 million sq ft area in Cyber City, Gurugram. "It is one of

Chris Wood hikes allocation to Indian equities; raises stake in HDFC

Among Indian stocks, besides HDFC, Wood also holds Reliance Industries (RIL), Maruti Suzuki, SBI Life Insurance, DLF and Cipla

DLF: Investors should be cautious given weak demand scenario, downside risk

Cost control efforts and ongoing consolidation are other triggers for the stock

DLF reports Rs 180 cr loss before tax on lockdown-induced disruption

Firm's operating revenue plunged 59 per cent year-on-year to Rs 543.6 crore from Rs 1,331.2 crore

Covid-19 crisis: DLF takes lead, waives rent for beleaguered mall tenants

In a letter to its tenants, the realtor said it "plans to waive of the entire MG rent from the beginning of the lockdown period up till 15 June".

DLF-GIC joint venture reports 15% increase in rental income in FY20

As per the presentation, the DCCDL's net profit dropped to Rs 1,317 crore last fiscal from Rs 1,400 crore in 2018-19

K P Singh: The man who turned DLF into India's biggest real estate giant

In January 1975, Singh was on the verge of selling DLF for Rs 26 lakh

Indian economy will eventually recover from Covid impact: DLF's K P Singh

Singh shared his experience of nearly six decades in business with the employees

DLF remains a leader in realty space, but losing its heft to younger peers

DLF's difficulty to grow in past decade shows in its profit and loss account

Changing business environment prompted K P Singh to step down as DLF chief

According to him, emergence of a new and highly competitive business environment is the new reality

DLF posts Rs 130-cr loss in March quarter; operating revenue plunges 32%

It had posted Rs 230 crore PBT during the corresponding quarter last year on a consolidated basis.

DLF's K P Singh retires at 90, son Rajiv Singh to take over reins

Singh had left an army job in 1961 to join DLF - a company started by his father-in-law in 1946 - and took over as chairman in 1995.

Unlock 1.0 kicks in: Hotels, malls, places of worship to open from June 8

With this, the Centre has outlined a plan to reopen nearly all activities outside of containment zones starting Monday.

Lockdown 4.0: Stand-off between retailers and malls over rentals worsens

At the heart of the matter are revenue-share rental agreements that retailers are mooting over fixed-rent contracts that they say are unsustainable

Central banks may be forced to sell gold; India at risk: Chris Wood

According to reports, official gold reserves in India totaled 653 tonnes at the end of March 2020, while those in Saudi totaled 323 tonnes.

Who owns what: Portfolio of developers who could bear brunt of lockdown

Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.

IBM to Cognizant, global tech firms ink large leasing deals in Bengaluru

The lease deal has a tenure of five years and IBM will pay a rent of Rs 75 per sq ft or Rs 65 crore per year