Realty major DLF has reported a consolidated net profit of ₹435 crore for the quarter ended March 31, 2019. For the same quarter in the previous fiscal, DLF had reported consolidated net profit of ₹247.73 crore
The total income of the company for the quarter under review stood at ₹2,661 crore. It had recorded total income of ₹1,845.92 crore in the same period in previous fiscal. This is a growth of 44 per cent, said the company in regulatory filing.
The company is now entering into the next wave of asset build-out at certain select marquee locations in both residential and commercial segments, which will enable substantial ROE growth, said the statement.
The company's Board of Directors have also recommended a dividend of ₹2 per share (100 per cent) on equity shares of ₹2 each for the financial year which ended March 31, 2019 for the approval of shareholders.
In the statement, DLF said that it will work to generate free cash-flow through the monetization of its ready-to-occupy inventory.