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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi’s new listing norms should protect small investors

    There has been a long-standing debate on what should be the liability of individual promoters and directors in case a company does not meet its obliga

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Rajgopal Nidamboor

The biology behind cultivated wisdom

We are our habits and our behaviour. We are our ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture