DLF said it would take at least 12 months for housing sales to improve. It expects sales to be low in the current fiscal, 2015-16, as they have been during the last two financial years.According to an analyst presentation, DLF's net debt stood at Rs 20,965 crore as on March 31, 2015, up by Rs 628 crore from Rs 20,336 crore at the end of the October-December quarter.

Of the total debt, DLF said about Rs 14,000 crore pertains to rental business, and the rest towards development arm. "The company is exploring all opportunities to further optimise the debt profile which includes issuance of CMBS’s (Commercial Mortgage Backed Securities) or debentures," it added. Earlier, the company had announced plans to raise about Rs 3,600 crore through CMBS backed by its large IT SEZs.

On Wednesday, DLF reported 22 percent fall in consolidated net profit at Rs 171.62 crore in the fourth quarter of 2014-15 fiscal, as against Rs 219.68 crore in the year-ago period. Income from operations fell marginally to Rs 1,953.69 crore in the January-March quarter, from Rs 1,969.45 crore in the year-ago period.
DLF's net profit declined by 16 percent to Rs 540.24 crore in 2014-15 from Rs 646.21 crore in the previous year. Income from operations dipped by 8 percent to Rs 7,648.73 crore in last fiscal from Rs 8,298.04 crore in 2013-14. Total revenue stood at Rs 8,168 crore in 2014-15 fiscal, down by 17 percent from Rs 9,790 crore in the previous year.

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