DLF jumps 4% as Q3 show impresses brokerages with 27% rise in net profit
DLF's revenue from operations increased by 1.8 percent year-on-year to Rs 1,521.3 crore for the quarter.
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DLF's revenue from operations increased by 1.8 percent year-on-year to Rs 1,521.3 crore for the quarter.
The company launched three new projects totalling over 5 msf during the quarter across multiple segments. The launches during the quarter were DLF Privana South, Gurugram- a luxury high rise development, Central 67, Gurugram – a shop-cum-offices plotted development and The Valley Orchard, Panchkula-low-rise independent floors.
DLF's net profit fell despite higher income because of a provision of an exceptional item of Rs 224 crore.
DLF reported net profit of Rs 481 crore in January-March period compared with a loss of Rs 1,858 crore during the same period last year.