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Realty major DLF Ltd on Wednesday reported a 27 per cent increase in consolidated net profit to ₹655.71 crore in the December quarter on higher income and less expenses
The DLF Board also approves the sale of DLF Centre to DLF Cyber City Developers for an aggregate consideration of ₹825 crore.
Q3 Results: Most companies managed their performance either in-line with Dalal Street's expectations or beat analysts' estimates.
DLF's net consolidated total income stood at Rs 1,476.42 crore in Q2 FY24, a growth of 8.52 per cent from Rs 1,360.50 crore it recorded in the similar quarter last year.
Despite a low single digit rise in its revenue, DLF’s profit was boosted by lower finance costs, employee benefits expenses and other expanses during Q2FY24