DLF LTD = RESULTS = FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = NET PROFIT UP 67% QOQ; DOWN 9% YOY. = CONS NPT UP 11% QOQ, DOWN 0.5% YOY.

DLF Limited

NSE Symbol DLF

RESULTS FOR Q3 FY 2011 (Q/E DEC,2010)

DLF has declared mixed results QOQ and YOY for the Q3 FY 2011 ending December, 2011.

Net Sales       is Rs.875.17 cr on stand Alone (SA) basis – up by 61.45% from previous qtr of Q2 FY 2011; but down by 1.35% from the corresponding qtr of previous year of Q3 FY 2010. The same on consolidated basis (CS) is Rs.2479.93 cr – up by 4.68% from Q2 FY 11; and Up by 22.42% from Q3 FY 10.

Total Expenditure is Rs.412.07 cr on SA basis – up by 52.07% from Q2 FY 11; but down by 20.27% from Q3 FY 10; The same on CS basis is Rs.1463.16 cr – down by 8.21% from Q2 FY 11; but up by 15.9% from Q3 FY 10.

Profit from Operations on SA Basis is Rs.463.10 cr – up by 70.83% from Q2 FY 11; and up by 25.05% from Q3 FY 10; The same on CS basis is Rs.1016.77 cr – up by 31.21% from Q2 FY 11; and up by 33.21% from Q3 FY 10. Thus, at operational level, the performance is quite good.

Profit before tax on SA basis is Rs.303.79 cr – up by 80.9% from Q2 FY 11; and up by just 4.84% from Q3 FY 10; The same on CS basis is Rs.703.35 cr – up by 42.95% from Q2 FY 11; and up by 11.2% from Q3 FY 10. It has come down heavily from Q3 FY 10, mainly because of higher Interest charges in Q3 FY 11.

Net Profit       on SA basis is Rs.204.84 cr – up by 66.96% from Q2 FY 11; but is down by 8.73% from Q3 FY 10, mainly due to higher tax expense. The same on CS basis is Rs.494.28 cr – up by 16.21% from Q2 FY 11; and up by 6.5% from Q3 FY 10.

Consolidated Net Profit (after minority interest and share of associates etc) is Rs.465.67 cr – up by 11.3% from Q2 FY 11; and Down by 0.47% from Q3 FY 10 (due to increase in minority interest).

Basic EPS on SA basis is Rs.1.21 in Q3 FY 11 – against Rs.0.72 in Q2 FY 11; and Rs.1.33 in Q3 FY 10; The same on CS basis is Rs.2.74 against Rs.2.46 in Q2 FY 11 and Rs.2.76 in Q3 FY 10.

RESULTS TABLE :

D L F	31-Dec-10	30-Sep-10	31-Dec-09	Q3 FY 11 CONS	Q2 FY 11 CONS	Q3 FY 10 CONS
Net Sales	87517	54206	88716	247993	236902	202577
Net Sales	87517	61.45	-1.35	247993	4.68	22.42
Raw Materials	30311	14511	33871	95263	101418	79590
Employees Cost	3064	4691	3442	13377	16217	12893
Depreciation	3310	3242	3226	16121	15397	7996
Other Expenditure	4522	4653	11144	21555	26376	25767
Total Expenditure	41207	27097	51683	146316	159408	126246
Total Expenditure	41207	52.07	-20.27	146316	-8.21	15.9
Profit from Operations	46310	27109	37033	101677	77494	76331
Profit from Operations	46310	70.83	25.05	101677	31.21	33.21
Other Income	16392	23450	13030	11430	15085	12604
Interest	32323	33766	21087	42772	43376	25683
Profit before tax	30379	16793	28976	70335	49203	63252
Profit before tax	30379	80.9	4.84	70335	42.95	11.2
Tax expense	9897	4576	6533	20259	7341	16840
Extraordinary Items	-2	-52	-	648	-673	-
Net Profit	20484	12269	22443	49428	42535	46412
Net Profit	20484	66.96	-8.73	49428	16.21	6.5
Minority Interest				2841	692	-285
Shares of Associates				20	5	397
Other Related Items				-	-	-489
Consolidated Net Profit				46567	41838	46789
Consolidated Net Profit				46567	11.3	-0.47
Face Value (In Rs	2	2	2	2	2	2
Paid Up Equity	33951	33949	33947	33951	33949	33947
Basic EPS	1.21	0.72	1.33	2.74	2.46	2.76
Diluted EPS	1.2	0.72	1.33	2.74	2.46	2.75
Public Holding (%)	21.37	21.37	21.36	21.37	21.37	21.36

ANNOUNCEMENTS

TO NSE

01-02-2011       standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 87517 lacs for quarter ending on 31-DEC-2010 against Rs. 88716 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 20484 lacs for the quarter ending on 31-DEC-2010 against Rs. 22443 lacs for the quarter ending on 31-DEC-2009.

01-02-2011       consolidated Results - for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 247993 lacs for quarter ending on 31-DEC-2010 against Rs. 202577 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 46567 lacs for the quarter ending on 31-DEC-2010 against Rs. 46789 lacs for the quarter ending on 31-DEC-2009.

10-11-2010       consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 236902 lacs for quarter ending on 30-SEP-2010 against Rs. 175094 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 41838 lacs for the quarter ending on 30-SEP-2010 against Rs. 43974 lacs for the quarter ending on 30-SEP-2009.

10-11-2010       standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 54206 lacs for quarter ending on 30-SEP-2010 against Rs. 31419 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 12269 lacs for the quarter ending on 30-SEP-2010 against Rs. 3378 lacs for the quarter ending on 30-SEP-2009.

29-07-2010       has approved further Issue of Equity Shares by its Wholly Owned Subsidiary - DLF Brands Ltd.(DBL) under the Unlisted Public Companies (Preferential Allotment) Rules, 2003 to a Promoter Group Company, subject to requisite approval of shareholders. Upon such approval and further issue of preferential equity shares, DBL will cease to be a subsidiary of the Company.

29-07-2010       recommended a dividend of Rs.2/- per equity share on the face value of Rs.2/- each subject to the shareholders' approval.

29-07-2010       consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 202853 lacs for quarter ending on 30-JUN-2010 against Rs. 164986 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 41103 lacs for the quarter ending on 30-JUN-2010 against Rs. 39600 lacs for the quarter ending on 30-JUN-2009.

29-07-2010       standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 65189 lacs for quarter ending on 30-JUN-2010 against Rs. 41797 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 20510 lacs for the quarter ending on 30-JUN-2010 against Rs. 10040 lacs for the quarter ending on 30-JUN-2009.

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