InvestorQ : How do you see DLF stock in the light of the big losses in Mar-20 quarter?
Aashna Tripathi made post

How do you see DLF stock in the light of the big losses in Mar-20 quarter?

Answer
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Tisha Malhotra answered.
3 months ago


The loss may not be a worry as it was driven by a one-time charge. DLF has reported a net loss of Rs.1858 crore for the Mar-20 quarter due to an exceptional one-time reversal of deferred tax assets amount to Rs.1917 crore. This was necessitated by DLF adopting the lower tax rate in September last year. However, top line did remain tepid during the March quarter but that was to be expected on account of COVID-199 related challenges. Total revenues for the Mar-20 quarter fell 30% to Rs.1874 crore. But, the good news for the stock is that DLF has not availed any moratorium or deferment of debt obligations. DLF expects the revenues to pick up from the second quarter of this fiscal year as construction activity makes a big comeback, both in the residential and commercial segments.