Maintain BUY with NAV of Rs 279/sh. DLFs prior period figures are not comparable on account of DLF moving from Percentage Completion to Project Completion method of accounting under IND AS 115 from 1QFY19. This led to reversals of Rs 53.8bn from retained earnings (Revenue reversal of ~Rs 140bn, last 5yrs cumulative sales) for its uncompleted projects majorly in DLF 5 (as hand over/ possession letters were delayed even in some completed projects).