DLF's sales bookings up 21% at ₹2,156 crore in April to December 20191 min read . Updated: 08 Feb 2020, 03:35 PM IST
- During 2018-19, DLF clocked sales bookings of ₹2,435 crore
- On debt, DLF said its net debt stood at ₹4,866 crore at the end of the third quarter
New Delhi: Realty major DLF's net sales bookings rose 21% to ₹2,156 crore during April-December, 2019-20 on better demand for its completed inventory.
Its sales bookings stood at ₹1,788 crore in the year-ago period.
According to its investor presentation, DLF's sales bookings stood at ₹731 crore in the third quarter of this fiscal as against ₹563 crore in the corresponding period of the previous year.
The company said it is confident of achieving the sales target of ₹2,700 crore for the entire 2019-20 financial year.
During 2018-19, DLF clocked sales bookings of ₹2,435 crore.
It said the company would continue to focus on faster monetisation of unsold completed housing stocks worth ₹9,415 crore. The demand for luxury segment remained subdued.
"Entering into the new cycle of development for replenishment of completed inventory at select marquee locations. Planned new projects of around 21 million sq ft," the presentation said.
On debt, DLF said its net debt stood at ₹4,866 crore at the end of the third quarter.
"The company expects to exit the current year (fiscal) with around similar level of debt," it added.
Earlier this week, DLF reported 24% increase in consolidated net profit at ₹414.01 crore for the quarter ended December despite fall in income.
Its net profit stood at ₹335.15 crore in the year-ago period.
Total income fell 36% to ₹1,533.34 crore in the third quarter of 2019-20 from ₹2,405.89 crore in the corresponding period previous year.
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