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.

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