DLF reported a net profit of Rs 1,301 crore for the July-September quarter, marking an 11% year-on-year increase. The firm got sales bookings of Rs 3,800 crore as its luxury retirement project in Gurugram sold out. The company maintained a strong cash position and saw steady growth in its rental business.
DLF reported a 11% year-on-year increase in July-September net profit to Rs 1,301 crore, with sales bookings reaching Rs 3,800 crore. Its Aureva luxury retirement project in Gurugram sold out, while the company maintained a strong net cash position.
DLF reported net profit of Rs 1,301 crore during July-September up from Rs 1,171 crore during the same period in the last financial year.
Company reported new sales bookings of Rs 3,800 crore during the quarter. The Aureva in Gurugram, DLF's luxury retirement housing project, witnessed a complete sell out.
Consolidated revenue for the quarter stood at Rs 2,298 crore while EBITDA stood at Rs 1,060 crore
For DLF Cyber City Developers Limited, the rental arm of the company, consolidated revenue stood at Rs 2,014 crore while EBITDA stood at Rs 1,537 crore, y-o-y growth of 9%
Operating cash flow for the company was Rs 1,858 crore, and the net cash position stood at Rs 15,084 crore despite a significant dividend outflow of Rs 1,980 crore
"Our rental portfolio, spanning approximately 50 msf, continues to demonstrate robust operating strength with industry-leading occupancy. A strong operational portfolio, marquee destinations currently under development along with an identified pipeline have laid down a strong foundation to deliver steady and sustainable long-term growth across our rental business," the company said.