DLF in the red
By
Ruma Dubey
about 6 years ago
DLF posted a 56% (YoY) rise in consolidated net profit for Q1FY19 at Rs.173 crore and this was thanks to Rs.241.50 crore it earned from its share of profit from its associates and JVs. But for this, it would have remained in the red. It also has a tax write back of Rs.26 crore.
Its interest outgo currently stands at Rs.497.50 crore, which is 30% of the total revenue earned v/s 35% in previous Q1.
The DLF stock price is in the red today, down over 2.5% at Rs.191.45. The 10% LC stands at Rs.176.95.