DLF Ltd Registers 31% YoY Growth In Q3 Net Profit, Shares Surge

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DLF Ltd Registers 31% YoY Growth In Q3 Net Profit, Shares Surge
Credit: © Reuters.

DLF (NS: 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%, 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%.

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.

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).

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 (NS: TRIE ) Buildtech.

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).

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