Yesterday we wrote that DLF may declare a lackluster result. We concluded this after annualizing the delivery volume trend. Yesterday, after the market hours DLF had declared the results as per our expectation. The Company had posted a net loss of Rs. (421.10) million for the quarter ended December 31, 2012 as compared to net profit of Rs. 3557.00 million for the quarter ended December 31, 2011. Total Income had decreased from Rs. 12360.00 million for the quarter ended December 31, 2011 to Rs. 6645.20 million for the quarter ended December 31, 2012.

As per the consolidated Results the Group had posted a net profit of Rs. 2848.00 million for the quarter ended December 31, 2012 as compared to Rs. 2583.50 million for the quarter ended December 31, 2011. Total Income had decreased from Rs. 23960.20 million for the quarter ended December 31, 2011 to Rs. 22912.50 million for the quarter ended December 31, 2012.

In fact, Analysts on an average expect profit after tax of the company to rise by 90 percent year-on-year to Rs 490 crore in the quarter due to jump in other income from NTC land sale, according to CNBC-TV18 poll. We were bold enough to write about the DLF results just on a simple analysis. We are sure that you enjoyed our findings.

What to expect from the market now?

There is no respite for the market. Right from the opening bell the bears ruled the market. Small and mid cap stocks were bashed by the bears; Except IT stocks all the stocks fell like a pack of cards. Let us wait for the correction to get over but for now the market is in full control of bears.