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

12 Dec 2025

Railways Boosts Cyber Security And Fairness In Ticket Bookings

Indian Railways has said its reservation ticketing system is a robust and highly secure IT platform equipped with state-of-the-art cyber security measures. The national transporter has introduced several initiatives to enhance system performance and improve access to regular and tatkal tickets. A key step has been the large-scale revalidation and verification of user accounts. Since January 2025, around 30.2 million suspicious user IDs have been deactivated. Anti-bot tools such as Akamai have been deployed to filter non-genuine users, ensuring smoother booking for legitimate passengers. To c..

Infrastructure Transport

12 Dec 2025

Indian Railways Speeds Up Green Transition With Wider Electrification

Indian Railways is accelerating its modernisation drive by upgrading infrastructure and rolling stock with advanced technologies aimed at enhancing safety, punctuality, reliability and passenger comfort. A major focus of this effort is the transition to cleaner traction systems, with a significant reduction in the use of coal-based and diesel engines. Electrification has been taken up in mission mode. As of now, 99.2 per cent of the Broad Gauge (BG) network has been electrified, with the remaining routes under execution. During 2014–25, Railways electrified 46,900 route kilometres, compared..

Infrastructure Energy

12 Dec 2025

Centre Strengthens Cybersecurity Framework Across India’s Power Sector

The POWERGRID Centre of Excellence (CoE) in Cybersecurity has been established at the Indian Institute of Science (IISc), Bengaluru to advance research and development in cybersecurity for power grid operations and transmission systems. The initiative is part of India’s broader effort to build a resilient and secure power ecosystem. To strengthen cyber readiness across the sector, the Central Electricity Authority (CEA) issued the Cyber Security in Power Sector Guidelines, 2021, creating a comprehensive cyber assurance framework and governance structure for all power entities. Further, the ..