DLF shares down on weak margins

Shares in DLF Ltd drop as much as 4.1 percent after its January-March earnings fell short of some analysts' estimates.

The real estate developer on Thursday reported a profit in the fourth quarter, helped by a gain from the sale of its Amanresorts luxury hotel chain.

The company's revenue was in line with estimates, but margins disappointed once again, Motilal Oswal Securities said in a note.

Weak demand and lack of fresh launch have resulted in deterioration in core operating cash flow as well, it added.

Shares in DLF were down 2.7 percent at 209.30 rupees at 10:25 a.m.

RELATED ARTICLES

EDITORIAL OF THE DAY

  • Strict disclosure norms on unspent client funds will only help the market grow

    The Securities and Exchange Board of India’s (Sebi’s) reported move to make it difficult for stockbrokers to misuse client funds should be a much-

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Kuruvilla Pandikattu

Black and white of morality

Would you kill one innocent person to save five? Choose ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture