DLF Q2 results: Net profit increases 64% to Rs 378.95 cr
Real Estate

DLF Q2 results: Net profit increases 64% to Rs 378.95 cr

Commercial real estate developer DLF's net consolidated profit increased by 64% in Q2 FY22.

In Q2 FY22, the company reported a profit after tax (PAT) of Rs 378.95 crore, up from Rs 231.20 crore in the previous fiscal quarter, according to a BSE filing.

In Q2 FY22, the company's net consolidated total income was Rs 1,556.53 crore, down 10% from Rs 1,723.09 crore in the same quarter the previous year.

The company declared a dividend of Rs 2 per share on a face value of Rs 2 per equity share amounting to Rs 495.06 crore during the quarter.

During the quarter, new sales bookings increased by 77% year on year to Rs 1,512 crore. According to the media, the company's net debt as of September 30, 2021, was Rs 3,985 crore.

DLF's rental arm, DLF Cyber City Developers (DCCDL), which is a joint venture with GIC, reported a net profit of Rs 231 crore in Q2 FY22, up 36% year on year. According to the company's media release, consolidated revenue increased to Rs 1,123 crore from Rs 1,040 crore during the same period.

According to the company's regulatory filing, the regional director, Northern Region, New Delhi (Central Government) approved the scheme of amalgamation of the following companies during the quarter ended September 30, 2021.

The transferor company is Laxmibanta Estates Developers, and the transferee company is Sagardutt Builders & Developers.

The transferor company is Cirila Builders and Constructions, and the transferee company is Verano Builders & Developers.

The transferor company is Kambod Real Estates, Shikhi Estates, and the transferee company is Qabil Builders 8c Developers.

The transferor company is Fabrizio Real Estates, Karena Estates Developers, and the transferee company is Vamil Builders & Developers.

The transferor company is Rajika Estate Developer, and the transferee company is Uncial Builder & Constructions.

The transferor companies are Arva Builders & Developers, Balint Real Estates, Havard Builders & Developers, Mujaddid Builders & Developers, and Akina Builders & Developers.

The transferor companies are Abheek Real Estate, Anuroop Builders & Developers, Charon Elevators, Grism Builders & Developers, Luvkush Builders, Peace Buildcon, Vismay Builders & Developers, and Ananti Builders & Construction.

Image Source

Also read: Godrej Properties gets Rs 575 cr from home sales in Noida project

Commercial real estate developer DLF's net consolidated profit increased by 64% in Q2 FY22. In Q2 FY22, the company reported a profit after tax (PAT) of Rs 378.95 crore, up from Rs 231.20 crore in the previous fiscal quarter, according to a BSE filing. In Q2 FY22, the company's net consolidated total income was Rs 1,556.53 crore, down 10% from Rs 1,723.09 crore in the same quarter the previous year. The company declared a dividend of Rs 2 per share on a face value of Rs 2 per equity share amounting to Rs 495.06 crore during the quarter. During the quarter, new sales bookings increased by 77% year on year to Rs 1,512 crore. According to the media, the company's net debt as of September 30, 2021, was Rs 3,985 crore. DLF's rental arm, DLF Cyber City Developers (DCCDL), which is a joint venture with GIC, reported a net profit of Rs 231 crore in Q2 FY22, up 36% year on year. According to the company's media release, consolidated revenue increased to Rs 1,123 crore from Rs 1,040 crore during the same period. According to the company's regulatory filing, the regional director, Northern Region, New Delhi (Central Government) approved the scheme of amalgamation of the following companies during the quarter ended September 30, 2021. The transferor company is Laxmibanta Estates Developers, and the transferee company is Sagardutt Builders & Developers. The transferor company is Cirila Builders and Constructions, and the transferee company is Verano Builders & Developers. The transferor company is Kambod Real Estates, Shikhi Estates, and the transferee company is Qabil Builders 8c Developers. The transferor company is Fabrizio Real Estates, Karena Estates Developers, and the transferee company is Vamil Builders & Developers. The transferor company is Rajika Estate Developer, and the transferee company is Uncial Builder & Constructions. The transferor companies are Arva Builders & Developers, Balint Real Estates, Havard Builders & Developers, Mujaddid Builders & Developers, and Akina Builders & Developers. The transferor companies are Abheek Real Estate, Anuroop Builders & Developers, Charon Elevators, Grism Builders & Developers, Luvkush Builders, Peace Buildcon, Vismay Builders & Developers, and Ananti Builders & Construction. Image Source Also read: Godrej Properties gets Rs 575 cr from home sales in Noida project

Next Story
Equipment

Ammann India Inaugurates ABG Screed Assembly Station and ASRS

Ammann India, one of the leading concrete equipment players in India, has inaugurated its new ABG Screed Assembly Station and Automated Storage and Retrieval System (ASRS) at its advanced manufacturing facility. The event was graced by Hans-Christian Schneider, Group CEO of Ammann Group, alongside the leadership team led by Dheeraj Panda, Managing Director of Ammann India. The ABG Screed Assembly Station is set to enhance operational efficiency and ensure high-precision assembly, reinforcing Ammann’s commitment to delivering world-class paving solutions. This new station reflects the compa..

Next Story
Real Estate

How Rising Property Prices Are Shaping Real Estate Market

The global economy significantly influences real estate markets, with factors such as inflation, interest rates, and investment trends impacting property prices worldwide. Despite affordability concerns, demand remains robust, particularly in the mid-income and luxury segments. According to CREDAI reports, property prices in key metropolitan cities have increased by 10 to 11 per cent year-over-year. To address the strong demand for premium housing, developers are adopting innovative financing models and focusing on sustainable development. Foreign investments, regulatory reforms like RERA, an..

Next Story
Equipment

Caterpillar Powers Today and Drives Tomorrow at bauma 2025

Caterpillar Industrial Power Systems will showcase a range of optimised, fuel flexible engines, integrated advanced power technologies and services solutions at bauma Munich from April 7-13. The theme, “A journey to a lower-carbon future,” highlights Caterpillar’s ongoing commitment to sustainably powering a better world. The bauma Munich exhibit in Hall A4, stand 336, includes the award winning Cat® C13D and a new high power C3.6 delivering 106 kW (142 hp). The stand features the first showing of a series hybrid power expansion powertrain, part of a growing electrification ecosystem ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?