DLF Ltd

NEW DELHI, India - - Revenue at Rs 1,746 cr, Net Profit at Rs 396 cr Editors Synopsis: Financial Highlights - Q1 FY10 (all comparisons with Q4 FY09) - Consolidated Revenue at Rs 1,746 crore, up by 29% from Rs 1,351 crore - EBIDTA at Rs 840 crore, up by 119% from Rs 384 crore - Consolidated PAT at Rs 396 crore, up by 149% from Rs 159 crore - EPS for the quarter at Rs 2.33 - Dividend of Rs 2 per share announced for FY09 Q1 FY10 (all comparisons with Q1 FY09) - Consolidated Revenue at Rs 1,746 crore, down by 55% from Rs 3,846 crore - EBIDTA at Rs 840 crore, down by 65% from Rs 2,380 crore - Consolidated PAT at Rs 396 crore, down by 79% from Rs 1,864 crore Balance Sheet - Focus on de-leveraging: Net Debt down by over Rs 2,000 crore - Received Rs 500 crore through sale of non-core assets; expect another Rs 5,000 crore during the current fiscal - Gearing at around 0.5, down from 0.6 as on March 31, 2009; target to reduce gearing to 0.3 by March 2010 Highlights - Q1 FY10 Industry - Real estate segment witnessing renewed activity - Aggressive reduction in prices has led to increased affordability - Most of the affordable housing projects garnered good response from customers - returning stability of housing market in India - As the economy improves, the pace of growth is expected to gather momentum - In the commercial segment, the level of enquiries has shown significant improvement, and as the economy improves, these are bound to convert into actual pre-leases Business - Total developable area at 423 msf, down from 425 msf mainly due to sale of projects and land - 42 msf of projects area under construction at the end of the quarter - Commenced construction on approx.