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DLF declines despite reporting over 2-fold jump in Q1 consolidated net profit

30 Jul 2019 Evaluate

DLF is currently trading at Rs. 176.90, down by 2.55 points or 1.42% from its previous closing of Rs. 179.45 on the BSE.

The scrip opened at Rs. 176.00 and has touched a high and low of Rs. 181.90 and Rs. 175.15 respectively. So far 487220 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. 182.15 and Rs. 172.00 respectively. The current market cap of the company is Rs. 44456.60 crore.

The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 19.13% and 5.92% respectively.

DLF has reported a net profit of Rs 782.65 crore for the quarter ended June 30, 2019 against net loss of Rs 22.04 crore for the same quarter in the previous year. Total income of the company increased by 42.01% at Rs 637.97 crore for Q1FY20 as compared Rs 449.23 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 414.72 crore for the quarter under review as compared to Rs 172.77 crore for the same quarter in the previous year. However, total income of the company decreased by 7.04% at Rs 1,540.95 crore for Q1FY20 as compared Rs 1,657.67 crore for the corresponding quarter previous year.

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