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DLF surges on reducing net debt by 38% to Rs 4,483 crore in Q4 FY19

27 May 2019 Evaluate

DLF is currently trading at Rs. 194.95, up by 3.45 points or 1.80% from its previous closing of Rs. 191.50 on the BSE.

The scrip opened at Rs. 192.00 and has touched a high and low of Rs. 195.90 and Rs. 190.10 respectively. So far 717137 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 223.40 on 30-Aug-2018 and a 52 week low of Rs. 141.20 on 19-Oct-2018.

Last one week high and low of the scrip stood at Rs. 195.90 and Rs. 168.30 respectively. The current market cap of the company is Rs. 45412.22 crore.

The promoters holding in the company stood at 71.91%, while Institutions and Non-Institutions held 22.43% and 5.66% respectively.

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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