DLF reports Rs 339 cr net profit for Q1FY22

Leading real estate developer DLF Ltd announced its financial results for Q1FY22, on July 26.

According to a press release, the company delivered sustained performance despite a challenging period and it remains confident of delivering its business goals.

The following are the financial highlights for Q1FY22:

       Consolidated Revenue stood at Rs. 1,243 crore, reflecting a Y-o-Y increase of 92 pc

       EBITDA stood at Rs 498 crore, reflecting Y-o-Y growth of 400%

       Net Profit at Rs 339 crore

       Recommended Dividend of Rs 2 per share

DLF, said the release, is witnessing encouraging demand in the residential business. New sales bookings exhibited sustained performance sequentially and stood at Rs 1,014 crore, reflecting a Y-o-Y growth of 567 per cent.

The launch of independent floors across Gurugram continued to garner an enthusiastic response from the market and exhibited healthy absorption trends. The developer clocked new products sales booking of Rs 542 crore during the quarter. The luxury segment also remained attractive with Camellias witnessing sustained demand.