DLF Announces Annual Results for FY11
OREANDA-NEWS. May 25, 2011. DLF Limited, India’s largest real estate company, recorded consolidated revenues of Rs 10,145 crore for the year ended 31st March 2011, an increase of 29% from Rs 7,851 crore in the corresponding period last year. EBIDTA was at Rs 4,337 crore, after adjusting for a one - time cost reset due to input price inflation of Rs 475 crore. . This reflects an increase of 10% from Rs 3,940 crore. Net profit was at Rs 1,640 crore versus Rs 1,720 crore in FY10. The EPS for the year stood at Rs 9.66 versus Rs
The Board of Directors were pleased to declare a dividend of Rs 2 per share for the last fiscal.
Revenues for Q4 FY 11 stood at Rs 2,870 crore, as compared to Rs 2,146 crore in the corresponding period last year. EBIDTA was at Rs 853 crore, after adjusting for a one - time cost reset due to input price inflation of Rs 475 crore. Net profit was at Rs 345 crore, as compared to Rs 426 crore. The EPS for the quarter was Rs 2.03 versus Rs
Commenting on the annual performance, Mr. Ashok Tyagi, Group Chief Financial Officer, DLF Limited said, “The year’s performance has witnessed the Company further consolidating its underlying business in a very volatile inflationary environment. Though this consistent high rate of inflation has had a bearing on our financial performance, through the course of FY11 we have progressed well on all our key business parameters and continue our focus on enhancing execution and maximizing cash flows. We have successfully implemented strategies to help protect profit margins and at the same time ensured that our products in the residential & commercial office segments are well received in the marketplace and provide significant value benefits to our customers. Our strategic investments in the leasing business will hold us in good stead as we enter FY12.”
“Going forward we will continue to strive towards achieving a stable business momentum. Given the challenges in the current environment, we shall ensure that our key initiatives and action plans reflect our ongoing strategy to protect & enhance the profitability of our core businesses thereby further strengthening operational cash flows and simultaneously pursue our non core divestment targets aggressively ” Mr. Tyagi added.
Комментарии