May 15, 2024: Strong housing sales have helped real estate major DLF report a 62% increase in its consolidated profit for the quarter ended March 31, 2024, the company said on May 13. DLF’s profit after tax stood at Rs 920.71 crore in Q4FY24 as against Rs 570.01 crore in the year-ago period.
DLF, India’s largest real estate firm in terms of market capitalisation, said its total income stood at Rs 2,316 .70 crore for the quarter as against Rs 1,575.70 crore in Q4FY23.
The company reported sales bookings of Rs 14,778 crore for the year, surpassing its pre-sales target of Rs 12,000-13,000 crore by the end of FY24. DLF also launched around 6 million square foot of new products during the year, which were quickly sold, almost clearing out the entire inventory during the launch period, the company said in a regulatory filing.
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An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.
In addition to her professional accomplishments, Sunita holds an MA degree in Sanskrit, with a specialisation in Indian Philosophy, from Delhi University. Outside of her work schedule, she likes to unwind by practising Yoga, and pursues her passion for travel.
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