DLF Q1 results: Surpasses analysts’ expectations with a 12% increase in net profit at ₹527 crore.
Realty company DLF reported a net profit of ₹527 crore for the June quarter, beating analysts' expectations. Revenue was slightly lower compared to the previous year.
Realty company DLF disclosed its financial performance for the June quarter, reporting a net profit of ₹527 crore, which surpassed analysts' expectations. The company's consolidated net profit for the quarter ended June 2023 stood at ₹527 crore, indicating a notable 12.2% increase compared to the corresponding period in the previous year.
DLF's net profit outperformed analysts' estimates by a substantial margin, highlighting the company's strong financial performance during this period.In terms of revenue, DLF recorded ₹1,423.2 crore for the June quarter, slightly lower than the figure of ₹1,441.6 crore reported for the same period in the previous year.
This information was disclosed through a regulatory filing, shedding light on the company's revenue performance for the quarter. Despite a minor dip in revenue compared to the year-ago period, DLF's impressive net profit signifies effective cost management and operational efficiency, contributing to its overall positive financial outcome.
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Business NewsCompaniesCompany ResultsDLF Q1 results: Surpasses analysts’ expectations with a 12% increase in net profit at ₹527 crore.
First Published:21 Jul 2023, 04:47 PM IST
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