DLF share price hits lowest since October 27 post March quarter results

DLF share price slipped over 5 per cent  to hit its lowest since October 27 after the real estate major reported a consolidated net profit of Rs 244 crore for the fourth quarter (Q4) of 2017-18.

DLF stock dipped as much as 5.3 per cent to Rs 183.25 on the NSE. The stock is top percentage loser on Nifty Realty index, which was trading 0.1 per cent higher.

"Revenues for Q4 FY18 stood at Rs 1,846 crore. EBIDTA stood at Rs 454 crore. Consolidated PAT was at Rs 244 crore," the company said in a regulatory filing to the BSE.

"The financial results have been prepared under the relevant `IND AS` accounting standards, hence DLF Cyber City Developers Limited is being accounted as a joint venture. The consolidated results thus are not comparable to prior periods."

In terms of the financial year basis, DLF reported a consolidated net profit of Rs 4,476 crore, which includes one-time exceptional gain, on account of fair valuation of DLF`s residual stake in DCCDL.

Its revenues stood at Rs 7,663 crore for the fiscal ended March 31, 2018. 

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The company's Board declared a final dividend of Rs 0.80 per share for the last fiscal, subject to the approval by shareholders. 

"This is in continuation to the interim dividend of Rs 1.20 per share declared and paid during the month of March," the filing added.