The realty major reported 9% rise in consolidated net profit to Rs 452 crore on 15% jump in net sales to Rs 1543 crore in Q3 FY21 over Q3 FY20.Consolidated profit before tax came rose 5% to Rs 386.76 crore in Q3 FY21 from Rs 368.61 crore in Q3 FY20. Current tax expense fell 26.2% year on year to Rs 104.24 crore in Q3 FY21.
EBITDA jumped 49% to Rs 624 crore in Q3 FY21 from Rs 419 crore in the same period last year. DLF said demand in the residential business is improving, aided by a low-interest cost regime, various government incentive initiatives and quality supply with affordability.
During the quarter, DLF launched Independent Floors in DLF City, which was absorbed in record time, demonstrating demand for quality products in established locations. New Sales bookings for the quarter rose to Rs 1,022 crore, reflecting a 40% growth year on year. The company assured it continues to step up on new launches and remain focused on creating a healthy pipeline of new products offering div
Read more about Cipla Q3 PAT zooms 113% YoY to Rs 748 cr on Business Standard. On a consolidated basis, the drug major s net profit surged 113% to Rs 748.15 crore on 21.7% rise in net sales to Rs 5154.17 crore in Q3 FY21 over Q3 FY20.
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Stocks on Wall Street tumbled Friday. The three major indexes suffered their worst weekly declines since October as frenzied trading in heavily shorted stocks hurt investor sentiment.
The Dow, S&P 500 and Nasdaq ended Friday roughly 2% lower. For the week, the three indexes each dropped more than 3%. For the month, the Dow & S&P finished in the red.
ClearBridge Investments investment strategist Jeffrey Schulze says the indexes could pull back up to 10% because market sentiment is overly bullish. We thought that positioning was pretty stretched as we came into January. Optimism was off the charts, put-call ratios were at levels last seen in 20 years. You also had record margin positioning. There is a lot of optimism in all of the investor sentiment surveys, so I think the market was due for a bit of a breather, little bit of a consolidation.
SunStar
Contributed photo January 30, 2021 MANILA ePLDT Inc., the country’s leading enabler of digital solutions in the Philippines, was given two significant awards at the recently concluded Microsoft Philippines Partner Awards and Appreciation Day, further fortifying its leadership in the local ICT space.
For excellence in driving transformation with their own organization and in their customers’ organizations, ePLDT was given the Tech Intensity Award. This recognition fortifies its leadership in the tech industry, sustaining strategic partnerships with technology providers in the business.
Jovy Hernandez, ePLDT president and CEO and SVP and head for PLDT and Smart Enterprise Business Groups, reiterated its gratitude to Microsoft Philippines for its long-standing partnership, saying, “This award is testament to ePLDT’s relentless efforts in developing our capabilities in delivering technologies that matter to our customers. We are looking forward to ano