DLF's Q4 FY24 Net Profit Surges

15 May 2024 CW Team

DLF, one of India's leading real estate developers, has announced a significant surge in its net profit for the fourth quarter of fiscal year 2024, marking a substantial growth of 61.49%. This robust financial performance underscores DLF's resilience and effective management amidst challenging market conditions.

The surge in net profit reflects DLF's successful implementation of strategic initiatives and prudent financial management, contributing to its bottom line growth. The company's ability to adapt to evolving market dynamics and capitalise on emerging opportunities has played a pivotal role in driving this impressive financial performance.

DLF's strong performance in Q4 FY24 is indicative of the recovery and resilience demonstrated by the real estate sector, despite the uncertainties brought about by the global pandemic and economic fluctuations. The company's continued focus on operational efficiency, cost optimization, and delivery of high-quality projects has been instrumental in sustaining growth momentum.

Furthermore, DLF's robust financial results reaffirm its position as a market leader in the Indian real estate landscape. The company's unwavering commitment to innovation, sustainability, and customer-centric approach has enabled it to maintain a competitive edge and deliver value to stakeholders.

As DLF continues to navigate the evolving market landscape, its strong financial performance in Q4 FY24 sets a positive trajectory for future growth and expansion. The company remains poised to leverage its strengths and capitalise on emerging opportunities, driving sustained value creation for shareholders and stakeholders alike.

Infrastructure Urban

10 Apr 2026

HNGIL Appoints Bharathi Mangaiahgari as CHRO

India’s leading container glass manufacturer, Hindusthan National Glass & Industries (HNGIL), has appointed Bharathi Mangaiahgari as Chief Human Resources Officer.With nearly three decades of experience in human resources, Bharathi will work closely with the leadership team on the company’s people strategy and workforce planning. Her appointment comes as HNGIL sharpens its transformation agenda and operational priorities following a change in ownership last year.Her experience spans technology, manufacturing, renewables, infrastructure, biotech, pharmaceuticals and EPC. She has also wo..

Nexus Select Trust To Acquire Diamond Plaza Mall, Kolkata

Nexus Select Trust has agreed to acquire Diamond Plaza mall in Kolkata for Rs 3.475 billion (bn). The announcement was made on April nine, 2026 and identified the asset as a retail mall in the city of Kolkata. The purchase consideration was specified as Rs 3.475 bn, reflecting the conversion of the amount originally stated in crores. The transaction price was presented in the company statement without further financial breakdown. The mall will be added to the trust's portfolio of income producing retail assets and is expected to broaden its geographic footprint in eastern India. The announceme..

Madhya Pradesh Cabinet Approves 437 Acres for Ujjain Airstrip Expansion

The Madhya Pradesh cabinet has approved the acquisition of 437 acres of land to expand the airstrip at Ujjain. The decision, taken by the state executive, clears the way for a significant enlargement of the existing facility and its surrounding operational area. The approval marks a key administrative step towards upgrading aviation infrastructure in the region. The land will be formally earmarked for the project under the state acquisition plan. The expansion is intended to improve regional connectivity and to support increased civil aviation operations at the site. Officials have outlined pl..