DLF posts 26% y-o-y growth in Q3 net profit at Rs 649 crore

25 Jan 2024 , 10:20 AM

DLF Limited declared a consolidated net profit of Rs 649 crore for the third quarter of this fiscal year on January 24, up 26% year-on-year, according to a regulatory filing. It stated that DLF generated the largest quarterly sales booking of Rs 9,047 crore, supported by numerous launches throughout the quarter.

According to a regulatory filing, the company’s consolidated sales increased to Rs 1,644 crore in October-December 2023-24, up from Rs 1,559.66 crore the previous year.

DLF posted a total net profit of Rs 629 crore in the second quarter of current fiscal year, up 29% YoY.

DLF’s EBITDA in the third quarter was Rs 633 crore, with an operating surplus of Rs 1,108 crore. The company’s EBITDA was Rs 591 crore in the second quarter.

We logged our best quarterly sales booking of Rs 9,047 crore, owing to various releases throughout the quarter. Throughout the quarter, we introduced three new products totaling more than 5 million square feet (msf) across several categories. 

DLF Privana South, Gurugram, a premium high rise development, Central 67, Gurugram, a shop-cum-offices planned development, and The Valley Orchard, Panchkula, low-rise independent floors, were launched during the quarter, according to the filing.

DLF reported strong demand for all of these projects, with both Gurugram projects selling out in record time.

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