iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

DLF's March quarter profit up y-o-y by 61.5%

14 May 2024 , 11:58 AM

The biggest real estate company in India, DLF, announced on May 13 a 61.5% increase in net profit for the quarter that ended on March 31, 2024, at ₹921 Crore. The company reported in a regulatory filing that it had made a net profit of ₹570 Crore in the previous year.

The real estate corporation said that its net profit for the 2023–24 fiscal year was ₹2,733 Crore, a 33% year-over-year increase.

In the January-March quarter, DLF’s revenue increased by approximately 47% YoY to ₹2,135 Crore, up from ₹1,456 Crore recorded by the company in Q4FY23. According to the company, DLF’s consolidated revenue for the whole fiscal year 2023–2024 was ₹6,958 Crore.

In the quarter under review, its EBITDA (profits before interest, taxes, depreciation, and amortization) increased by nearly 90% to ₹754.4 Crore from ₹398.3 Crore the previous year. As compared to Q4FY23, the company’s margin was 35.3%. According to the corporation, its EBITDA for the full fiscal year was ₹2,655 Crore.

The business added that, contingent on shareholder approval, its board has recommended a dividend of ₹5 per equity share to the investors.

According to the corporation, more than 11 million square feet of new products would be introduced during FY25, with a focus on areas like Chandigarh Tri-city, Gurugram, Mumbai, Goa, and Goa. “The estimated sales potential of these launches is approximately ₹36,000 Crore,” the company stated.

Additionally, DLF announced that Ashok Kumar Tyagr, who currently holds the role of Managing Director, has been named as the company’s Chief Financial Officer (CFO). Until a new CFO is selected, he will continue to assume extra responsibilities.

Following the opening of its new luxury housing project in Gurugram, DLF said last week that it had sold all 795 units for ₹5,590 Crore in just three days, thanks to high demand from customers, especially NRIs.

The business said in a regulatory filing that it had successfully launched DLF Privana West, a new luxury residential project, and that it had “a remarkable sellout valued at approximately ₹5,590 Crores, within 3 days.” The new complex has 795 flats distributed across 12.57 acres. Each condo sold for almost ₹7 Crore on average.

Within three days of the debut of its 25-acre property, “DLF Privana South,” the business sold 1,113 luxury apartments in Gurugram for ₹7,200 Crore in January of this year.

DLF Cyber City Developers Limited (DCCDL) reported FY24 consolidated revenue of ₹5,903 Crore, indicating a 9% year-over-year rise, and consolidated profit of ₹1,690 Crore, representing an 18% year-over-year growth. For the fiscal year, cash flow from activities was ₹2,726 Crore.

With the announcement of floor-wise denotification, occupancy levels in DLF’s non-SEZ portfolio stayed strong at 97%, and the company anticipated a gradual recovery in the SEZ segment over the following few quarters.

According to the company, DLF’s retail division grew by 18% year over year during that time.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • DLF
  • Q4
  • Real estate
  • result
sidebar mobile


Read More

Most Read News

Indian markets close on a positive note
14 Jun 2024|06:41 PM
Sensex and Nifty Surge
14 Jun 2024|06:43 PM
LIC stock price up by more than 5% today
14 Jun 2024|06:44 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.