DLF Q2 Results: Cons PAT rises 122% YoY to Rs 1,381 crore, revenue rises 46%

DLF on Friday reported a consolidated net profit of Rs 1,381 crore for the quarter ended September 30, 2024, compared to Rs 623 crore the company reported in the year-ago period. This was an increase of 122% compared to the previous year. Operating income stood at Rs 1,975 crore in the quarter under review, up 46% from Rs 1,348 crore reported by the broker in the year-ago period.

On a sequential basis, net profit rose 114% in the quarter under review compared to Rs 646 crore in the year-ago period. Meanwhile, operating income grew 45% in the second quarter of FY25 compared to Rs 1,362.35 crore in the April-June quarter of FY25.

The Gurugram-based real estate brokerage reported total expenses of Rs 1,604 crore for the quarter, up from Rs 1,012 crore in the year-ago period. Total expenses also increased quarter-on-quarter from Rs 1,272 crore in Q1FY25.

On an individual basis, PAT was reported at Rs 192.36 crore, up from Rs 169.21 crore in the year-ago period. It was an increase of 14% over the previous year.

Standalone operating income stood at Rs 904 billion, up 30% from Rs 695 billion.

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The earnings were announced after market hours and DLF shares closed at Rs 777.70 on the NSE, down Rs 23.70 or 2.96% from the previous close.
Also Read: ICICI Bank Q2 results preview: NII could rise 11% YoY given good momentum in loan book

(Disclaimer: Recommendations, suggestions, views and opinions of the experts are their own. These do not reflect the views of The Economic Times.)

topicnews · October 25, 2024

DLF Q2 Results: Cons PAT rises 122% YoY to Rs 1,381 crore, revenue rises 46%

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