Latest News | DLF Shares Jump Nearly 6 Pc After Q4 Earnings
Get latest articles and stories on Latest News at LatestLY. Shares of realty major DLF surged nearly 6 per cent on Tuesday after the firm's consolidated net profit jumped 39 per cent in the January-March quarter.
New Delhi, May 20 (PTI) Shares of realty major DLF surged nearly 6 per cent on Tuesday after the firm's consolidated net profit jumped 39 per cent in the January-March quarter.
The stock jumped 5.84 per cent to Rs 780.50 on the BSE.
At the NSE, it climbed 5.86 per cent to Rs 780.95.
DLF Ltd's consolidated net profit jumped by 39 per cent to Rs 1,282 crore in the January-March quarter on higher revenue, while its sales bookings hit a record Rs 21,223 crore in the whole 2024-25 driven by strong demand for luxury homes.
The company's sales bookings rose 44 per cent from Rs 14,778 crore in the preceding 2023-24 financial year, helped by bumper pre-sales in its ultra-luxury housing project 'The Dahlias' in Gurugram, DLF said in a statement on Monday.
DLF's net profit rose 39 per cent to Rs 1,282.2 crore in the last quarter of FY25, from Rs 919.82 crore in the year-ago period. Total income rose to Rs 3,347.77 crore in the January-March quarter of 2024-25 fiscal, from Rs 2,316.7 crore in the corresponding period of the preceding year.
DLF's net profit increased to Rs 4,366.82 crore during 2024-25 fiscal, from Rs 2,723.53 crore in the preceding year. Total income rose to Rs 8,995.89 crore in the last fiscal, from Rs 6,958.34 crore in the 2023-24 financial year.
The board approved a dividend of Rs 6 per equity share, having a face value of Rs 2 each, for 2024-25, subject to shareholders' approval.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)