DLF Q3 Review - Well Poised For Growth: ICICI Securities 
Workers walk past a DLF Ltd. office-block construction site in Gurgaon, India.(Photographer: Pankaj Nangia/Bloomberg News)

DLF Q3 Review - Well Poised For Growth: ICICI Securities 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

DLF Ltd. achieved strong operational improvement in Q3 FY21 across segments with Rs 10.2 billion of net residential sales bookings and 14% QoQ increase in DLF Cyber City Developers Ltd.’s rental income to Rs 8.2 billion on account of recovery in mall rentals.

DLF’s net debt (excluding DCCDL) declined marginally by Rs 1.2 billion QoQ to Rs 51.0 billion on account of reduction in overheads and interest costs.

The company is comfortably positioned with Rs 13 billion of cash reserves and low net debt/equity of 0.2 times.

Click on the attachment to read the full report:

ICICI Securities DLF Q3FY21 Result Update.pdf

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