BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
DLF Ltd. achieved strong operational improvement in FY21 across segments with net residential sales bookings growing 24% YoY to Rs 30.8 billion and DLF Cyber City Developers Ltd. clocking flattish rental income of Rs 30.3 billion in spite of a 7% YoY fall in office occupancies and mall rental waivers.
While the second Covid-19 wave has impacted Q1 FY22 operations, with 8.3 million square feet of residential launches lined up in FY22E, the company is targeting annual sales bookings of at least Rs 40 billion in FY22E.
We expect DLF Cyber City Developers to clock rental Ebitda of Rs 35.6 billion in FY22E and Rs 40.7 billion in FY23E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
