+
DLF records Rs 337.17 crore net profit in Q1 FY22
Real Estate

DLF records Rs 337.17 crore net profit in Q1 FY22

Real Estate major DLF Ltd (Delhi Land & Finance), recorded a net profit of Rs 337.17 crore in the first quarter of 2021.

The firm had reported a net loss of Rs 71.52 crore at the same time the previous year.

DLF told the media that its overall income increased to Rs 1,242.27 crore in the April-June quarter of FY 2021-22 from 646.98 crore in the previous year at the same time. The company also revealed a profit of Rs 2 per share for the last FY.

According to the firm, demand in the residential sector is developing. Since the pandemic, the residential housing demand has grown.

DLF's shares closed nearly flat at Rs 334 each on the Bombay Stock Exchange (BSE). Its market capitalisation reached Rs 82,675 crore. In terms of market capitalisation, DLF is India's largest real estate firm.

DLF said with the strong outlook and fundamental drivers backing the residential segment, it is continuing to bring new product offerings across segments and locations.

Founded in 1946, DLF Limited is a Delhi-based commercial and residential real estate developer, which has expanded its presence all across the country. The company is also planning to enter Mumbai’s real estate market with a residential project, while it is finalising its plans to monetise lands in Nagpur and Pune.

Image Source

Real Estate major DLF Ltd (Delhi Land & Finance), recorded a net profit of Rs 337.17 crore in the first quarter of 2021.The firm had reported a net loss of Rs 71.52 crore at the same time the previous year.DLF told the media that its overall income increased to Rs 1,242.27 crore in the April-June quarter of FY 2021-22 from 646.98 crore in the previous year at the same time. The company also revealed a profit of Rs 2 per share for the last FY.According to the firm, demand in the residential sector is developing. Since the pandemic, the residential housing demand has grown.DLF's shares closed nearly flat at Rs 334 each on the Bombay Stock Exchange (BSE). Its market capitalisation reached Rs 82,675 crore. In terms of market capitalisation, DLF is India's largest real estate firm.DLF said with the strong outlook and fundamental drivers backing the residential segment, it is continuing to bring new product offerings across segments and locations.Founded in 1946, DLF Limited is a Delhi-based commercial and residential real estate developer, which has expanded its presence all across the country. The company is also planning to enter Mumbai’s real estate market with a residential project, while it is finalising its plans to monetise lands in Nagpur and Pune.Image Source

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code