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Hot Pursuit News

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(25 Jan 2024, 09:18)

DLF gains after recording 26% YoY growth in Q3 PAT; 9M new-sales booking at Rs 13,316 crore

DLF added 2.49% to Rs 766.05 after the company reported 26% increase in consolidated net profit to Rs 649 crore on a 2% rise in revenue from operations to Rs 1,521 crore in Q3 FY24 as compared with Q3 FY23.

EBITDA improved by 17% year-over-year (YoY) to Rs 633 crore during the period under review. EBITDA margin was 39% in Q3 FY24 as against 35% in Q3 FY23.

For the October – December 2023 quarter, finance costs amounted to Rs 84 crore (down 12% YoY) and depreciation charges added up to Rs 38 crore (down 3% YoY).

PBT before exceptional items in Q3 FY24 stood at Rs 511 crore crore, up by 25% from Rs 408 crore in Q3 FY23.

The company generated cash of Rs 1,108 crore from operations in third quarter of FY 2023-24.

DLF said: "We recorded our highest quarterly sales booking of Rs 9,047 crore backed by multiple launches during the quarter. We launched three new products totaling over 5 million square feet (msf) during the quarter across multiple segments.

We witnessed healthy ...

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