DLF witnessed a notable uptick in its shares, climbing 3.8 percent in early trade on January 25, following the announcement of a remarkable 26.6 percent year-on-year growth in consolidated net profit for the quarter ended December 2023. The quarter’s net profit stood at Rs 655.7 crore, showcasing strong operating margin performance and increased other income.
The company reported a 1.8 percent on-year growth in revenue from operations, reaching Rs 1,521.3 crore for the quarter, further contributing to the positive market sentiment.
As of 9:49 am, DLF shares continued their upward trajectory, trading 1.89 percent higher at ₹761.55.
DLF’s third quarter of the current fiscal year marked a significant milestone with a 15-year-high quarterly profit, reaching an all-time high in pre-sales, and generating Rs 10 billion in free cash flow (FCF). The impressive financial performance reflects the company’s resilience and strategic initiatives in the real estate sector.
