dlf: DLF Q1 Results: Profit rises 39% YoY to Rs 470 crore

Realty main on Friday reported a 39 per cent enhance in its consolidated internet revenue to Rs 469.56 crore within the quarter led to June on higher gross sales. Its internet revenue stood at Rs 337.16 crore within the year-ago interval.

Complete revenue rose to Rs 1,516.28 crore within the first quarter of this fiscal from Rs 1,242.27 crore within the corresponding interval of the earlier yr, in response to a regulatory submitting.

In a press release,

stated its gross sales bookings jumped two-fold to Rs 2,040 crore throughout the April-June interval of this fiscal yr, in contrast with the year-ago interval.

“Residential demand continues to exhibit sustained momentum. The excessive demand for luxurious properties has been a key pattern that’s anticipated to proceed,” the corporate stated.

DLF additionally highlighted that its luxurious undertaking ‘The Camellias’ contributed Rs 352 crore to gross sales bookings throughout the quarter.

“Whereas rising rates of interest might pose some challenges, we anticipate this structural restoration within the residential phase to proceed,” DLF stated.

The corporate would proceed to deliver newer choices throughout a number of segments and geographies.

It might additionally stay dedicated to surplus money era from operations.

“We generated surplus money of Rs 421 crore throughout the quarter which led to additional deleveraging and consequently our Internet Debt on the finish of quarter stood at Rs 2,259 crore, one of many lowest ranges,” the corporate stated.

DLF is the biggest actual property firm by way of market capitalisation.

It has to date developed greater than 153 actual property initiatives comprising over 330 million sq. ft of space.

The Group has 215 million sq. ft of improvement potential throughout residential and industrial segments.

The group has a hire yielding industrial portfolio of over 40 million sq. ft. PTI MJH MR