DLF Q2 results: Net profit increases 64% to Rs 378.95 cr
30 Oct 2021
2 Min Read
CW Team
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.
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
Kolkata鈥檚 luxury housing market sees price growth amid mixed trends
A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..
Next Story
New Expressway to Cut Pune-Bengaluru Travel Time by Half
The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..
Next Story
Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic
To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..
