DLF Q2 profit rises to Rs 1,301 crore as luxury project sells out
Executive Brief • Key Highlights
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- ✓DLF reported a net profit of Rs 1,301 crore for the July-September quarter, marking an 11% year-on-year increase.
- ✓The firm got sales bookings of Rs 3,800 crore as its luxury retirement project in Gurugram sold out.
- ✓The company maintained a strong cash position and saw steady growth in its rental business.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
DLF reported a 11% year-on-year increase in July-September net profit to Rs 1,301 crore, with sales bookings reaching Rs 3,800 crore. Its Aureva luxury retirement project in Gurugram sold out, while the company maintained a strong net cash position.
DLF reported net profit of Rs 1,301 crore during July-September up from Rs 1,171 crore during the same period in the last financial year.
Company reported new sales bookings of Rs 3,800 crore during the quarter. The Aureva in Gurugram, DLF's luxury retirement housing project, witnessed a complete sell out.
Consolidated revenue for the quarter stood at Rs 2,298 crore while EBITDA stood at Rs 1,060 crore
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