DLFS net profit increased by 61.49% in Q4 FY2

DLF has reported a growth of 61.49 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 919.82crore in Q4 FY24 as against Rs 569.60 crore it registered in the corresponding quaterso of the previous fiscal, the company said in a BSE filing. 

The company's net consolidated total income stood at Rs 2,316.70 crore in Q4 FY2 a growth per cent from Rs 1,575.70 crore it recorded in the similar quarter last year. The board of director recommended divivded of Rs 5 each per equity share (250%) of face value of each Rs 2 each for FY 2023-24. 

The quarter DLF Home Developer ( DIDL ), a wholly-owned material subsidiary, has allotted 60,000-8.5% senior, secured,rated,listed,redeemable,guaranted, Rupees denomiated non-convertible debentures ( NCDs ) of the face value of Rs 100,000. 

Subsequent to the quarter, National Company Law Tribunal (NCLT) - Chandigarh bench has approved the scheme of amalgamation between Alanknt Estates,DLF Estate Developers, Kirtimaan Builders, Tiberias Developers, Ujagar Estates,  with DLF Utilities. 

Consolidated revenue of DLF Cyber City Developers (DCCDL) stood at Rs 5,903 crore in FY24, reflecting year-on-year growth of 9%; consolidated profit for the quarter stood at Rs 1,690 crore, a year-on-year growth of 18%. Cash flow from operations stood at Rs 2,726 crore for the fiscal. 

The company's retail business exhibited 18% year-on-year growth during the period. 

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