On the year-on-year basis, DLF’s profit in the April-June quarter increased 58.2%.
In the April-June quarter of 2017, the company made a profit of Rs 172.44 crore in the same period of 2018 compared to Rs 109.01 crore. Net income of the country’s most prominent real estate has declined by 26.4% to Rs. 1,507.35 crores as compared to Rs. 2,047.70 crores. Significantly, DLF received profits of Rs 241.50 crore from subsidiaries and partner companies, which has led to an increase in profits despite decreasing the earnings.
DLF’s joint venture DLF Cyber City Developers (DCCDL), which holds a 66.67% stake in the company, has earned a profit of Rs. 363 crores in the April-June earning of Rs. 1,227 crores.
Apart from this, DLF’s Ebitda declined by 65.8% to Rs 308.55 crore and Ebitda margin dropped to 20.5% after a massive decline of 2,363 basis points. According to DLF, the sale of the company was Rs 600 crore in April-June, while it is expected to book sales of Rs 2,000-2,250 crore in the current financial year.
On Friday, DLF shares closed at Rs. 196.60 with a weakness of 4.05 rupees or 2.02% on BSE. At the same time, its 52-week peak is Rs 273.95 and the lower level is Rs 153.10.
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