DLF Limited

NEW DELHI - - Revenue at Rs 1,810 cr, Net Profit at Rs 440 cr Editor's Synopsis: Financial Highlights - Q2 FY10 (all comparisons with Q1 FY10) - Consolidated Revenue at Rs 1,810 crore, up by 4% from Rs 1,746 crore - EBIDTA at Rs 973 crore, up by 16% from Rs 840 crore; Margins improved to 53% from 47% - Consolidated PAT at Rs 440 crore, up by 11% from Rs 396 crore - EPS for the quarter at Rs 2.59 Q2 FY10 (all comparisons with Q2 FY09) - Consolidated Revenue at Rs 1,810 crore, down by 53% from Rs 3,840 crore - EBIDTA at Rs 973 crore, down by 58% from Rs 2,313 crore - Consolidated PAT at Rs 440 crore, down by 77% from Rs 1,935 crore Balance Sheet - Focus on de-leveraging: Sale of non-core assets and land parcels progressing as planned; Realised approx Rs 550 crore in Q2; cumulative realisation in current fiscal is Rs 1,064 crore - Net gearing at around 0.54 Highlights - Q2 FY10 Industry - Real estate segment continued witnessing recovery in demand - Sustained demand in suburban and city centric residential segment - Signs of revival in luxury housing segment - Leasing enquiries have picked up; optimistic on lease conversions in coming quarters Business - Total developable area at 432 msf (Million Square Feet) - 49 msf of projects area under construction at the end of the quarter - Commenced construction on approx.