₹75-125 lakh.The company reported weak financial performance for the March quarter (Q4). Revenue and operating earnings dropped 32-40% from the year ago quarter.
Booking cancellations at one project adversely impacted sales in Q4.With April and much of May under lockdown restrictions and demand hit, DLF projects a weaker financial performance in current quarter.“Q1 FY21 is expected to be a washout, owing to the extended lockdown and lack of short-term visibility for the buyers," DLF said in a statement. “We anticipate that some semblance of normalcy will return towards Q3 FY21," DLF added on real estate development business.Given the circumstances the company’s office rental business held-up rather well.