DLF (DLF) Q4 05/06 earnings summary

Executive summary

• FY06 expansion included land acquisitions in metro markets, new city activity, premium housing, office and retail development, and plans to enter SEZs and infrastructure.

• Consolidated results recorded revenue of Rs 196,022.41 lakh and net profit of Rs 41,102.79 lakh; this was the first year of consolidated reporting.

Financial highlights

• Standalone sales and other income was Rs 114,503.34 lakh versus Rs 47,978.60 lakh in FY05; PAT was Rs 22,743.79 lakh versus Rs 6,769.63 lakh.

• Standalone PBT was Rs 34,790.47 lakh versus Rs 9,688.06 lakh; finance charges rose to Rs 14,614.57 lakh from Rs 3,307.28 lakh.

• Consolidated PBT was Rs 67,018.69 lakh; tax provision was Rs 25,903.30 lakh and profit after minority interests was Rs 41,019.55 lakh.

Outlook and guidance

• Plans included nationwide expansion through land acquisition, growth in premium office, retail and housing, and developing SEZs following approvals in Punjab and Haryana.

• A public issue of up to 25 crore equity shares of Rs 2 each was proposed; preparations for the IPO and exchange listing were underway.