DLF Limited — Q3 FY24
DLF delivered a stellar Q3 FY24 with consolidated revenue of INR 1,644 crore, EBITDA of INR 633 crore, and PAT of INR 649 crore, up 26% YoY.
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q2 FY24
FY24 sales guidance raised to INR 13,000 crore+
Management upgraded sales guidance from INR 12,000-13,000 crore to INR 13,000 crore+, citing strong demand and pipeline.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY24
Construction spend of ~INR 1,700 crore in FY24
Annual construction spend expected to increase ~40% YoY to INR 1,700 crore, with higher outflow in H2.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY24
New launches in H2 FY24: Privana (Q3), DLF 5 (Q4/Q1 FY25), Andheri (by June 2024)
Approvals on track for key launches; DLF 5 super-luxury project expected in Q4 FY24 or Q1 FY25.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY24
DCCDL to continue two dividends per year
Rental arm DCCDL will maintain its dividend cycle, with interim dividend declared post H1 results.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1