Actual property developer, DLF on Thursday stated that the corporate has exercised the choice to prepay the non-convertible debentures (NCDs) price ₹500 crores, in keeping with its regulatory submitting.
DLF had allotted 5,000 senior, secured, rated, listed, redeemable, rupee denominated non-convertible debentures (NCDs) of the face worth of ₹10,00,000 every in March 2021.
The tenure of the NCDs is three years and the coupon price is 8.25 per cent and was listed on BSE.
“NCDs are maturing in March 2024, however the Firm has exercised the choice to prepay the NCDs one yr forward of the schedule on annual curiosity reset date of twenty fifth March 2023, as per the relevant provisions of the Info Memorandum learn with Debenture Belief Deed,” stated actual property main DLF in its regulatory submitting.
DLF reported a 36.8 per cent rise in consolidated internet revenue to ₹519.21 crore for the December 2022 quarter. That is towards a internet revenue of ₹379.48 crore within the year-ago interval, DLF stated in a regulatory submitting.
The earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) down 8.5 per cent on yr to ₹477.2 crore as towards ₹521.3 crore on a yr foundation, whereas the margins got here in at at 31.9% as towards 33.6%.
The cumulative new gross sales for 9MFY23 stand at ₹6,599 crore, reflecting progress of 45% on YoY foundation.
DLF’s luxurious providing, The Grove at DLF5, Gurugram, stands utterly sold-out. The gross sales bookings through the quarter for this product stood at ₹1,570 crore.
The corporate’s scrip was buying and selling 2.33 per cent up at ₹351 on BSE.
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