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E-mail ID will not be published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

  • Bureaucrats have enjoyed flying miles at taxpayer expense for too long

    The beleaguered Indian taxpayer will certainly applaud prime minister Narendra Modi’s attempt to deliver on his promise of cutting down fiscal defic

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

Varun Dutt

<b>Riskfactor</b>: CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture