Maintain BUY with NAV- based TP of Rs 253/sh. DLFs 2QFY19 revenue came in at Rs 21.4bn (+42% QoQ, 37% beat, Rs 10bn higher on IND AS 115). APAT was at Rs 3.7bn (Rs 4bn higher on IND AS 115). DLF has achieved net sales of Rs 6.3bn (>Rs 12bn of sales in 1HFY18 vs Rs ~10bn in FY18 considering the sales were paused till Nov 18).