{"id":39061,"date":"2023-10-31T10:56:19","date_gmt":"2023-10-31T10:56:19","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/stocks\/dlf-ltd-registers-31-yoy-growth-in-q3-net-profit-shares-surge\/"},"modified":"2023-10-31T10:56:21","modified_gmt":"2023-10-31T10:56:21","slug":"dlf-ltd-registers-31-yoy-growth-in-q3-net-profit-shares-surge","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=39061","title":{"rendered":"DLF Ltd Registers 31% YoY Growth In Q3 Net Profit, Shares Surge"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

DLF Ltd, a major real estate company, reported a significant year-over-year (YoY) increase in its third-quarter consolidated net profit. The profit rose by 31% to Rs 623 crore ($83.5 million) from Rs 477 crore ($63.9 million), marking a robust performance for the quarter.<\/p>\n

The company also noted an operational revenue growth of 4%, amounting to Rs 1,348 crore ($180.6 million), up from Rs 1,302 crore ($174.5 million) in the same period last year. Furthermore, the consolidated EBITDA for the September quarter witnessed a 6% YoY increase to Rs 462 crore ($61.9 million), with EBITDA margins improving to 34.3%.<\/p>\n

Total expenses for the quarter registered a slight increase, going up to Rs 1,012 crore ($135.7 million) from Rs 1,009 crore ($135.3 million) last year.<\/p>\n

For the half-year ending September, DLF’s profit surged by 21% to Rs 1150 crore ($154.2 million) from Rs 947 crore ($126.9 million) a year ago. Meanwhile, revenue saw a modest rise to Rs 2,771 crore ($371.7 million) from Rs 2,744 crore ($368 million).<\/p>\n

In other developments, DLF’s subsidiary Pegeen Builders issued additional share capital equivalent to a 49% stake following board approval. The stake was issued to Trident Buildtech.<\/p>\n

Reflecting these positive results and strategic moves, DLF shares ended nearly 4% higher at 557.25 on the NSE today, marking an impressive near-50% return year-to-date (YTD).<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. DLF Ltd, a major real estate company, reported a significant year-over-year (YoY) increase in its third-quarter consolidated net profit. The profit rose by 31% to Rs 623 crore ($83.5 million) from Rs 477 crore ($63.9 million), marking a robust performance for the quarter. The company also noted an operational revenue growth of 4%, […]<\/p>\n","protected":false},"author":1,"featured_media":9388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-39061","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nDLF Ltd Registers 31% YoY Growth In Q3 Net Profit, Shares Surge | Prosfunds<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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