OREANDA-NEWS. DLF Limited recorded consolidated revenues of Rs 2,080 crore for the quarter ended December 31, 2014, a decrease of 3% from Rs 2,136 crore in Q2 FY15. EBIDTA stood unchanged at Rs 918 crore, compared in the Q2 FY15. Net profit stood at Rs 132 crore, an increase of 21% compared to Rs 109 crore in Q2 FY15. The non-annualized EPS for the quarter was Rs 0.74.

The Company witnessed continued interest from actual users in the super luxury & luxury segment. It expects sales volume of residential products to reach normal volumes in the next 12-18 months. Rental business which is a leading indicator of demand continues to grow at targeted pace. The outlook in the office leasing business is much better given the current demand-supply situation. However, fresh Capex to create new capacity will take place once rentals start to reflect the current cost structures.

The real estate sector welcomed the move of reduction of Repo rate by 25 bps. As rate of inflation abates, further reduction of interest rates will lead to better GDP growth rates leading to more demand in both the residential and commercial segments of real estate. The Company is hopeful that further reduction in the interest rates shall come post the Budget session.

The Company remains committed to its medium term goals as articulated in February 2013 although the timelines of its implementation has been adversely impacted due to slower GDP growth and uncertainties due to the SEBI restrictions.