DLF's net profit increases by 61.49% in Q4 FY24

                DLF witnesses an increase of 61.49% in its net profit for the Q4, Fiscal Year 2024
Delhi Land & Finance developer has published a splendid net consolidated total income of Rs 2316.70 cr in Q4FY24 when corresponding to the previous year’s collection 
at Rs 
1575.70 cr in quarter 4th.
DLF, India’s well-known real estate company, has reported a profit after tax growth at Rs 919.82 cr in Q4FY24, in comparison to its Rs 569.50 cr profit after tax in the 
corresponding 
quarter of the previous fiscal year 2023.
Also, the DLF’s consolidated net income in the fiscal year 2024, quarter fourth stood at Rs 2,316.70 cr against the reported collection of Rs 1,575.70 cr in the FY23, same 
quarter.

‘’Development business record sales booking of Rs 14,778 cr during the year. We plan to launch more than 11 million square feet of new products during FY25 targeting 
various 
markets including Gurugram, Mumbai, Goa and Chandigarh Tri-City. The estimated sales potential of these launches is approximately Rs 36,000 crores,’’ stated the 
company via its 
press release.

Further, the company voiced several other results such as cash flow from operations and the future plans and sales potentials in the Millenium City ‘Gurugram. 
‘’We remain focused on cash flow generation and consequently generated a record cash flow from operations of Rs 4,385 cr during the year. We acquired a strategic 
opportunity in 
sector 61, Gurugram offering a sizable potential of approximately 7.5 million square feet and an estimated sales potential of more than Rs 20,000 cr,’’ the Delhi Land & 
Finance (DLF) 
said in the press release.

DLF has also successfully worked to get approval for the scheme of fusion between DLF Estate Developers, Kirtimaan Builders, Ujagar Estates, Alankrit Estates, and 
Tiberias 
Developers with the DLF utilities, by the National Company Law 

Tribunal - Chandigarh Bench.
The Retail business of the DLF glimpsed an 18% YOY growth rate during the same period ie., the fourth quarter of FY23.


Source: The Economic Times