DLF Limited, India’s largest real estate company, recorded consolidated revenues of Rs 23.29bn for the quarter ended June 30, 2012, a decrease of 15% from Rs 2747 crore in Q4 FY12. EBIDTA stood at Rs 1198 crore, an increase of 29% as compared to Rs 928 crore in the Q4FY12.
Net profit is Rs 2.93bn, an increase of 38% compared to Rs 2.12bn in Q4FY12. The non-annualised EPS for the quarter was Rs 1.72.
The Company remains committed to its objective of consolidating its operations by focusing on the core and divesting the non-core.
Through the outsourcing of construction , the Company remains focused on faster execution of the projects and shall follow a product mix that envisages high visibility projects which would result in better value addition.
The Company remains fully committed to achieve the divestment target of its non-core assets.