DLF, one of India’s largest real estate developers, drops by over 5% to trade at Rs396.95 after touching an intraday high of Rs409 and low of Rs391 at the Bombay Stock Exchange on Tuesday at 2.57PM. The total shares traded are 2734044. The scrip has touched 52 week high of Rs1225 and low of Rs391.
DLF is slowing down its project execution, especially in the tier II cities due to shrinking demand and expensive borrowing and for this it is retrenching employees across all its centres and subsidiaries.
The global credit crisis and double-digit domestic inflation have put the brakes on the unprecedented realty growth in India and for this the Indian firms are now looking for other ways to deal with it. Most realty firms are facing the cash shortage today, as much as they earned during the good times were deployed in land acquisition.
Showing posts with label DLF. Show all posts
Showing posts with label DLF. Show all posts
Tuesday, September 23, 2008
Sunday, September 7, 2008
DLF, Bharti, ONGC, Cairn India enter DJ BRIC 50 index
NEW DELHI: Real estate giant DLF, telecom major Bharti Airtel and energy firms ONGC and Cairn India have made their way to the Dow Jones BRIC 50 Index, a blue-chip index measuring performance of 50 largest and most liquid companies in Brazil, Russia, India and China.
The new entrants would replace four other Indian firms -- realty firm Unitech, Tata Motors, TCS and Satyam Computer -- on the investible index, global index major Dow Jones Indexes said in a statement.
The changes are part of the regular annual review of the index and would be effective as of the open of trading on September 22.
Other Indian companies on the index include RIL, L&T, ICICI Bank, Infosys, SBI, RCOM, Tata Steel, HDFC, BHEL, Suzlon and ITC.
Besides four Indian companies, other new components of the index would include three from Brazil -- BM&F Bovespa S/A Bolsa de Valores Mercadorias e Futuros, Companhia Energetica de Minas Gerais-CEMIG, Metalurgica Gerdau S/A Pref, two Chinese entities -- China COSCO Holdings Company Limited and China Communications Construction Co Ltd -- and Russia's Surgutneftegaz JSC.
The 10 companies exiting the index include Brazil's Banco Santander S/A Pref, Companhia de Gas de Sao Paulo Ord and Light S/A Ord, China's Jiangxi Copper Company and Trina Solar Limited ADS and Russia's Mobile Telesystems.
The float-adjusted market capitalisation of the reconstituted Dow Jones BRIC 50 Index has increased to $920 billion from $852 billion as of September 2.
The number of components in the index is fixed at 15 each for Brazil, India and China and five components for Russia to reflect the size of each market in the index.
The new entrants would replace four other Indian firms -- realty firm Unitech, Tata Motors, TCS and Satyam Computer -- on the investible index, global index major Dow Jones Indexes said in a statement.
The changes are part of the regular annual review of the index and would be effective as of the open of trading on September 22.
Other Indian companies on the index include RIL, L&T, ICICI Bank, Infosys, SBI, RCOM, Tata Steel, HDFC, BHEL, Suzlon and ITC.
Besides four Indian companies, other new components of the index would include three from Brazil -- BM&F Bovespa S/A Bolsa de Valores Mercadorias e Futuros, Companhia Energetica de Minas Gerais-CEMIG, Metalurgica Gerdau S/A Pref, two Chinese entities -- China COSCO Holdings Company Limited and China Communications Construction Co Ltd -- and Russia's Surgutneftegaz JSC.
The 10 companies exiting the index include Brazil's Banco Santander S/A Pref, Companhia de Gas de Sao Paulo Ord and Light S/A Ord, China's Jiangxi Copper Company and Trina Solar Limited ADS and Russia's Mobile Telesystems.
The float-adjusted market capitalisation of the reconstituted Dow Jones BRIC 50 Index has increased to $920 billion from $852 billion as of September 2.
The number of components in the index is fixed at 15 each for Brazil, India and China and five components for Russia to reflect the size of each market in the index.
Friday, May 2, 2008
DLF’s revenue up 258%, Net profit up 306%
DLF Limited, India’s largest real estate company, announced its unaudited annual results for FY08. It recorded consolidated revenues of Rs 14,494 crore for the year ended March 31, 2008, an increase of 258% from Rs 4,053 crore in FY07. EBIDTA stood at Rs 10,017 crore, an increase of 245% as compared to Rs 2906 crore in the corresponding period last year. Net profit was at Rs 7856 crore, up by 306% from Rs 1934 crore. The EPS for FY08 stood at Rs 47.16 as compared to Rs 12.75 for FY07, a significant growth of 270%.
For Q4 FY08, DLF recorded consolidated revenues of Rs 4,372 crore, an increase of 20% from Rs 3,651 crore in Q3 FY08. EBIDTA stood at Rs 2,849 crore, an increase of 12% from Rs 2,554 crore in the third quarter of FY08. The net profit for the period was Rs 2177 crore. The non annualized EPS for the quarter was Rs 12.75.
Commenting on the company’s performance, Mr. Rajiv Singh, Vice Chairman, DLF Limited said, “For an economy growing at the rate of 8-8.5% p.a., the demand for premium real estate continues to be buoyant. DLF being a leader in the industry continues to grow and strengthen its competitive position. The annual results reflect this reality.”
For Q4 FY08, DLF recorded consolidated revenues of Rs 4,372 crore, an increase of 20% from Rs 3,651 crore in Q3 FY08. EBIDTA stood at Rs 2,849 crore, an increase of 12% from Rs 2,554 crore in the third quarter of FY08. The net profit for the period was Rs 2177 crore. The non annualized EPS for the quarter was Rs 12.75.
Commenting on the company’s performance, Mr. Rajiv Singh, Vice Chairman, DLF Limited said, “For an economy growing at the rate of 8-8.5% p.a., the demand for premium real estate continues to be buoyant. DLF being a leader in the industry continues to grow and strengthen its competitive position. The annual results reflect this reality.”
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