MoneyWorks4Me

DLF's arm reports 3% increase in net debt during September quarter

08 Nov 2021 Evaluate

DLF's arm DCCDL has reported a 3 per cent increase in net debt at Rs 19,640 crore during the September quarter due to higher capex. The net debt of DCCDL rose to Rs 19,640 crore as on September 30, 2021 from Rs 19,072 crore at the end of the first quarter of this fiscal year.

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 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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