Friday, February 22, 2019
News

DLF announces Q3 FY18 results

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Tuesday, Feb 13 2018 IST
DLF Limited announced consolidated revenues of Rs 1,855 crore for the quarter ended December 31, 2018, an increase of 6 per cent from Rs 1,751 crore in Q2 FY18. "EBIDTA stood at Rs 862 crore, compared to Rs 950 crore in the Q2 FY18. Net profit stood at Rs 4,100 crore, compared to Rs 19 crore in Q2 FY18. This includes a one-time exceptional gain on account of restatement of the DLF' s investment in DCCDL at fair market value based on IndAS 110, as DCCDL is now being accounted as a Joint venture instead of a subsidiary," a company release stated on Tuesday.

Certain other revaluation, impairments and provisions relating to valuation of certain assets, land parcels and investments have also been accounted for. The non-annualized EPS for the quarter was Rs22.93 including one-time, exceptional gain. Net Bank Debt for DLF(consolidated, Ex-DCCDL) stood at approx Rs 5,500 crore.

The DDCDL CCPS transaction was consummated in the month of December, 2017. The Promoters received the consideration of Rs 8,900 crore(approx) against the sale of shares and Rs 1,600 crore(approx) towards buyback of CCPS.

The Board of Directors, today, has appointed Mr Vivek Mehra as an Independent Director.

UNI DJK AE 2242

-- (UNI) -- C-1-1-DL0431-1249333.Xml

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Swine flu claims 2 lives in Rajasthan, d...
'Saudi Arabia recognises India's positio...
Two companies, one platoon of PAC, 168 p...
Pulwama attack: UP cop collects donation...
Rahul to set up task force on national s...
Can Samsung meet Apple's fate with expen...
More...    
 
 Top Stories
I'm crazy about my wife: Mark Consu... 
Two companies, one platoon of PAC, ... 
Fashion designers, actors celebrate... 
IOC scraps Olympic quotas from Delh... 
UNSC condemns Pulwama terror attack... 
Swine flu claims 2 lives in Rajasth... 
Jet seeks shareholders' nod for con... 
Kashmiri varsity teacher in Punjab ...