DLF records 15% drop in net profit to Rs 379.49 cr in Q3 FY22

03 Feb 2022 CW Team

Its net profit reached Rs 449 crore in a similar quarter last year. Total revenue during October-December 2021 surged marginally to Rs 1,686.92 crore, as against Rs 1,668.22 crore in the year-ago period, as per a regulatory filing.

DLF's net profit declined despite higher revenue due to a provision of an exceptional item of Rs 224 crore.

One of the investee firms has defaulted in meeting its debt obligation primarily due to project implementation uncertainties emerging out of disruption driven by the Covid-19 pandemic, the notes of account pointed out.

The firm believes that the project remains fundamentally sound, and it continues to work with the relevant parties to fix this issue. Yet, given the uncertainty involved related to the timing of the resolution, management has considered an impairment provision of Rs 224.43 crore on a best estimate basis and revealed it as an exceptional item in these consolidated financial results.

Net profit surged to Rs 1,094.78 crore during the April-December 2021 term, from Rs 605.23 crore in the previous year.Total revenue grew to Rs 4,485.72 crore in the first nine months of this fiscal, from Rs 4,038.30 crore in a similar period of the past year.

In a statement, DLF told the media that the firm clocked record new sales in the December quarter amounting to Rs 2,018 crore, reflecting yearly development of 97%.

The cumulative sales bookings for nine months reached Rs 4,544 crore, demonstrating a robust rebound in this sector. The firm continues to observe sustained demand traction for the independent floors across the Gurugram market and continues to draw new launches in this segment. Residential markets continue to show enhancing demand trends, and they anticipate these to continue for the long term.

Image Source

Also read: Amazon in discussion with DLF to lease office space in Gurgaon

On Monday, Real estate giant Delhi Land & Finance Ltd (DLF) registered a 15% decline in its consolidated net profit to Rs 379.49 crore for the December 2021 quarter, while sales bookings approximately doubled to Rs 2,018 crore, on robust demand for its luxury houses. Its net profit reached Rs 449 crore in a similar quarter last year. Total revenue during October-December 2021 surged marginally to Rs 1,686.92 crore, as against Rs 1,668.22 crore in the year-ago period, as per a regulatory filing. DLF's net profit declined despite higher revenue due to a provision of an exceptional item of Rs 224 crore. One of the investee firms has defaulted in meeting its debt obligation primarily due to project implementation uncertainties emerging out of disruption driven by the Covid-19 pandemic, the notes of account pointed out. The firm believes that the project remains fundamentally sound, and it continues to work with the relevant parties to fix this issue. Yet, given the uncertainty involved related to the timing of the resolution, management has considered an impairment provision of Rs 224.43 crore on a best estimate basis and revealed it as an exceptional item in these consolidated financial results. Net profit surged to Rs 1,094.78 crore during the April-December 2021 term, from Rs 605.23 crore in the previous year.Total revenue grew to Rs 4,485.72 crore in the first nine months of this fiscal, from Rs 4,038.30 crore in a similar period of the past year. In a statement, DLF told the media that the firm clocked record new sales in the December quarter amounting to Rs 2,018 crore, reflecting yearly development of 97%. The cumulative sales bookings for nine months reached Rs 4,544 crore, demonstrating a robust rebound in this sector. The firm continues to observe sustained demand traction for the independent floors across the Gurugram market and continues to draw new launches in this segment. Residential markets continue to show enhancing demand trends, and they anticipate these to continue for the long term. Image Source Also read: Amazon in discussion with DLF to lease office space in Gurgaon

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..