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DLF Q3 revenue slips 4.9% to Rs 1956cr; below estimates

The country’s largest realtor, DLF, today said its third quarter revenues fell 8.6 percent to Rs 1,956.7 crore in the December 2014 quarter, from Rs 2,058.4 crore a year earlier. A CNBC-TV18 poll had forecast the firm’s revenues to grow to Rs 2,141 crore.

The News International Team

The country’s largest realtor, DLF , today said its third quarter revenues fell 8.6 percent to Rs 1,956.7 crore in the December 2014 quarter, from Rs 2,058.4 crore a year earlier. A CNBC-TV18 poll had forecast the firm’s revenues to grow to Rs 2,141 crore.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) however rose to Rs 795.1 crore from Rs 612 crore YoY. Analysts were expecting EBITDA at Rs 769 crore.

But net profits fell from 145.3 crore to Rs 131.8 crore. The poll of analysts saw this at 122 crore.

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