New Delhi, India's largest realty firm DLF Ltd on Monday reported a 62 per cent rise in its consolidated net profit to Rs 920.71 crore for the quarter ended March due to higher income amid strong housing sales.
Its net profit in the same period a year ago was Rs 570.01 crore.
Total income rose to Rs 2,316.70 crore in the fourth quarter of 2023-24 from Rs 1,575.70 crore in the same period last year, according to regulatory filings.
The company's net profit during 2023-24 increased by 34 percent to Rs 2,727.0 crore from Rs 2,035.83 crore last year.
Total income increased to Rs 6,958.34 crore in the 2022-23 financial year from Rs 6,012.1 crore during the last financial year.DLF, the country's largest real estate company by market capitalisation, also announced a dividend of Rs 5 (250 per cent) on each equity share of face value Rs 2 for FY 2023-24, subject to shareholders' approval. .
"Following the quarter, Ashok Kumar Tyagi has been appointed as the Chief Financial Officer (CFO) of the company in addition to his existing position of Managing Director. His appointment has been approved by the Board of Directors in its meeting held on May 13." 2024,” the filing said.
“No separate remuneration is proposed for his additional role as CFO of the company,” it said.Tyagi will continue to hold additional responsibilities until the new CFO is appointed."
DLF Limited has developed more than 158 real estate projects and developed area of more than 340 million square feet. DLF Group has 215 million sq ft of future development potential across residential and commercial sectors.
DLF Group is primarily engaged in the business of development and sale of residential properties (development business) and development and leasing of commercial and retail properties (annuity business). It has an annual portfolio of over 42 million square feet and an annual rental income of approximately Rs 4,00 crore.
Its net profit in the same period a year ago was Rs 570.01 crore.
Total income rose to Rs 2,316.70 crore in the fourth quarter of 2023-24 from Rs 1,575.70 crore in the same period last year, according to regulatory filings.
The company's net profit during 2023-24 increased by 34 percent to Rs 2,727.0 crore from Rs 2,035.83 crore last year.
Total income increased to Rs 6,958.34 crore in the 2022-23 financial year from Rs 6,012.1 crore during the last financial year.DLF, the country's largest real estate company by market capitalisation, also announced a dividend of Rs 5 (250 per cent) on each equity share of face value Rs 2 for FY 2023-24, subject to shareholders' approval. .
"Following the quarter, Ashok Kumar Tyagi has been appointed as the Chief Financial Officer (CFO) of the company in addition to his existing position of Managing Director. His appointment has been approved by the Board of Directors in its meeting held on May 13." 2024,” the filing said.
“No separate remuneration is proposed for his additional role as CFO of the company,” it said.Tyagi will continue to hold additional responsibilities until the new CFO is appointed."
DLF Limited has developed more than 158 real estate projects and developed area of more than 340 million square feet. DLF Group has 215 million sq ft of future development potential across residential and commercial sectors.
DLF Group is primarily engaged in the business of development and sale of residential properties (development business) and development and leasing of commercial and retail properties (annuity business). It has an annual portfolio of over 42 million square feet and an annual rental income of approximately Rs 4,00 crore.
