DLF Q2 PAT seen up 14% at Rs 157 cr

MUMBAI: Realty major DLF will be announcing its second quarter results tomorrow. According to ET Now poll estimates, the company is likely to report a net profit of Rs 157 crore, for the quarter ended September 2013, up 14 per cent, as compared to a net profit of Rs 138 crore in the corresponding quarter last fiscal.

Net sales are seen at Rs 2,154 crore, up 6 per cent, from Rs 2,040 crore in the same period a year-ago.

The company’s EBITDA is seen at Rs 838 crore, up 12 per cent, from Rs 747 crore while margins are expected to rise to 38.9 per cent vs 23.2 per cent, year-on-year.

According to analysts, interest costs will impact profits of the company. The margins will be impacted on contribution of low margin from older projects.

DLF has guided to FY14 sales booking of 8 million square feet and has sold 1.81 million square feet of residential space in Q1.

DLF did not announce any major launches in Q2 and has not disclosed any sale of non core assets.