DLF profit rises 19 per cent to Rs 443 crore in second quarter

Our Bureau New Delhi | Updated on November 08, 2019

Representational image   -  BusinessLine


Commercial and real estate developer DLF has reported a net profit of ₹443.41 crore for the second quarter ended September 30. This is a growth of 18.80 per cent over the ₹373.21-crore net profit reported by the company during the same quarter of the last fiscal.

The total income stood at ₹1,940.05 crore for the quarter under consideration against₹2,304.90 crore during the same quarter of the last fiscal.

In the quarter under review, the company has spent ₹1,036.05 crore towards repayment of loans and ₹149.48 crore towards working capital requirements. This amount was accrued by exercising Warrants through which ₹2,249.90 crore was received by the company.

An amount of ₹776 crore was utilised in the previous quarter and the balance amount of ₹288.37 crore is being invested in fixed deposit/mutual funds for further utilisation, a company statement said.

Published on November 08, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor