- DLF’s net income for the first quarter is reported at 7.63 billion rupees, marking an 18% increase compared to the previous year.
- The net income falls short of the market estimate, which was 8.79 billion rupees.
- Revenue for the quarter doubled to reach 27.2 billion rupees, up from 13.6 billion rupees the previous year.
- Despite the revenue growth, it did not meet the estimated figure of 20.47 billion rupees.
- Total costs rose significantly by 94% year-over-year, amounting to 24.7 billion rupees.
- Other income experienced a decline of 28%, recorded at 2.64 billion rupees.
- Market sentiment remains positive with 22 buy ratings, 2 holds, and no sell recommendations.
DLF Ltd on Smartkarma
Analysts on Smartkarma are bullish on DLF Ltd, one of India’s largest real estate developers. Jacob Cheng believes that India’s real estate sector is on a transformative path, driven by factors like urbanization, rising income, and infrastructure development. He particularly likes DLF for its strong fundamentals and product positioning in the market.
Sudarshan Bhandari‘s research highlights DLF’s strategic move to re-enter the luxury market in Mumbai with ‘The Westpark’, a high-end residential project. This re-entry signifies DLF’s shift towards high-margin developments and market expansion, aiming to capitalize on Mumbai’s growing demand for premium homes.
A look at DLF Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
DLF Ltd stands strong with a promising long-term outlook, as indicated by its Smartkarma Smart Scores. With solid scores across various factors, including Dividend, Growth, Resilience, and Momentum, the company seems well-positioned for future success. DLF Ltd‘s Value score further adds to its appeal, showcasing a company that offers good value for investors. As a real estate development company focusing on residential, commercial, and retail properties, DLF Ltd appears to have a robust foundation for growth and stability in the coming years.
In summary, DLF Ltd, a real estate development company, is showing positive signs for the long term. With respectable scores in Dividend, Growth, Resilience, and Momentum, alongside a solid Value score, the company presents an attractive investment opportunity. Specializing in residential, commercial, and retail properties, DLF Ltd seems poised to continue its growth trajectory, making it a compelling choice for investors seeking stability and potential returns in the real estate sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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