MoneyWorks4Me

DLF reduces net debt by 38% to Rs 4,483 crore in Q4 FY19

27 May 2019 Evaluate

DLF has reduced its net debt by 38% during the fourth quarter of FY19 to Rs 4,483 crore with the help of funds raised from selling shares to institutional investors. The net debt has come down from Rs 7,224 crore in Q3 of FY19 to Rs 4,483 crore in Q4 of FY19.

DLF is one of India's biggest property developers. The company’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.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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