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
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000