DLF Q3 Revenue guidance: 17% upside at Rs 47,000 cr estimated, says company in its analyst presentation; Anil Singhvi calls it a big positive for stock

Realty major DLF Ltd has revised its sales revenue potential upwards. In its analysis report, the company has announced that they have launched a few new projects which are expected to generate a revenue of a whopping amount of Rs 47000 crore. 

The revelations were made by the company in its analyst presentation. The company is expected to see a sales revenue between Rs 36,000- Rs 40,000 in the second quarter. While the guidance for the third quarter suggests a sales revenue of Rs 47,000 cr.  

This translates into a 17 per cent uptick in its revenues. The Gurgaon-based realty major will be launching projects covering 35 million square foot area. 

Zee Business Managing Editor Anil Singhvi calls this a big development for the company. The stock today ended in the green despite markets ending in the red. Both Sensex and Nifty50 today settled down 1 per cent from the Wednesday closing. 

DLF shares ended at Rs 402.60, up almost 0.8 per cent on the NSE from the last closing price of Wednesday. The Market Guru attributed the uptrend to the guidance given by the company on its revenue estimates.