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New Delhi: DLF has reported a 40.45 per cent increase in its consolidated net profit during the quarter ended March 31, 2023. Its profit after tax in Q4FY23 stood at Rs 569.60 crore, as against Rs 405.54 crore reported in the corresponding quarter of the previous FY. the company said in a BSE filing.
The company’s net consolidated total income in Q4 FY23 stood at Rs 1,575.70 crore, a decline of 4.63 per cent over Rs 1,652.13 crore reported in the same quarter last year.
The Board of Directors recommended a dividend of Rs 4 per equity share (200%) of face value of Rs 2 each for the financial year 2022-23. During the quarter, the company issued 5,000 senior, secured, rated, listed, redeemable, rupee denominated, non-convertible debentures (NCDs) of face value of Rs 1,000,000 each along with annual interest accrued one year before the scheduled maturity date. Roasted.
During the quarter, CRISIL upgraded the long-term rating of the company to AA with a stable outlook. The short-term rating was reaffirmed as Al+. Post the quarter, ICRA upgraded the company’s long-term rating to AA with a stable outlook. The short-term rating was reaffirmed as Al+.
Our residential business registered new sales bookings of Rs 8,458 crore, showing a growth of 210% year-on-year. Cumulative new sales for the financial year stood at Rs 15,058 crore. Our net debt has now come down to Rs 721 crore, the company said in a media release.
consolidated revenue of DLF Cyber City Developers 5,419 crore in FY23, showing a year-on-year growth of 19%; The consolidated profit for the year stood at Rs 1,429 crore, a year-on-year growth of 43%, the media release said.
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