It is anticipated that DLF is likely to post one more shaky quarter owing to slowdown in sales. The company might see its net profit rise by 19 percent at Rs 144 crore in April-June quarter from Rs 121 crore in the same quarter of the last financial year. Throughout the quarter, its revenue might be flat at Rs 2240 crore versus Rs 2231 crore on annual basis. Talking about its EBITDA in Q1, it is seen up 5 percent at Rs 870 crore jumping from Rs 828 crore whereas its operating profit margin (OPM) may stand at 38.9 percent as compared to 37.1 percent Y-o-Y. Slowdown in sales is seen over all micro markets except Gurgaon. Pre-sales can also face a down fall 50 percent (Q-o-Q) at 0.24 msf versus 0.5 msf Q-o-Q. Pre-sales value expected to slip 55 percent (Q-o-Q) at Rs 510 crore versus Rs 1130 core. DLF Phase V super premium products are expected to be the chief contributor to pre-sales. The management is targeting to achieve Rs 3000-3500 crore revenues in FY17.
The anticipated number did not have much effect on the stock and since this morning DLF share price is quoting at a fall of 0.69% at Rs. 158.60. We are yet to see what effect the final result casts on the stock. The stock opened at Rs. 160.20, quite close to its first resistance level. Till now 24,55,927 shares exchanged hands having a traded volume of 3,901.98 lacs.
DLF share price touched its one year high few days back on 19th August on ’16 at Rs. 169.60 while the 52 week value is recorded at Rs. 72.35 on 12th Feb ’16. The company has a market cap amounting to Rs. 28489.65 (Cr) having a book value of Rs. 153.37. The lifetime high of the stock is seen at Rs. 1225.00 (14-Jan-08). At the same time the lifetime low is recorded at Rs. 72.35 (12-Feb-16).
For securing detailed information on the stock, kindly refer to DLF share price history.
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