DLF First Quarter Profit Rises 12% To Rs 527 Crore

New Delhi:

Realty main DLF’s consolidated web revenue rose 12 per cent to Rs 527 crore within the first quarter of this fiscal.

The corporate’s web revenue stood at Rs 469.57 crore within the year-ago interval.

Complete revenue rose marginally to Rs 1,521.71 crore within the April-June interval of 2023-24 monetary yr from Rs 1,516.28 crore within the year-ago interval, based on a regulatory submitting on Friday.

DLF additionally introduced its re-entry into the Mumbai actual property market.

DLF Residence Builders Ltd’s (DHDL) wholly-owned arm Pegeen Builders & Builders will allot 9,800 fairness shares of Rs 10 every at par to Delhi-based realty agency Trident Buildtech.

On this regard, DHDL has executed a securities subscription and shareholders’ settlement, as per a separate regulatory submitting.

Pursuant to the allotment, the stake of DHDL, a subsidiary of DLF, in Pegeen will come all the way down to 51 per cent.

At the moment, Trident, by means of its wholly-owned subsidiary Sahyog Houses Ltd, is growing a slum rehabilitation mission in Andheri (West), Mumbai.

Pegeen has additionally agreed to enter right into a growth settlement with SHL to develop the primary section of the mission.

DLF is India’s largest realty agency by way of market capitalisation. It has developed greater than 150 actual property tasks and developed an space in extra of 330 million sq. ft.

It’s primarily engaged within the enterprise of growth and sale of residential properties (the event enterprise) and the event and leasing of business and retail properties (the annuity enterprise).

The group has an annuity portfolio of over 40 million sq. ft. The corporate has 215 sq. ft of growth potential throughout residential and business segments.
 

(Aside from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)