InvestorQ : How were the latest Mar-21 quarter results of DLF?
Debbie Mascarenhas made post

How were the latest Mar-21 quarter results of DLF?

Arti Chavan answered.
6 months ago

India’s largest real estate developer, DLF Ltd, posted net profits of Rs.477 crore for the Mar-21 quarter in contrast to a net loss of Rs.1,860 crore in the corresponding period last year. Of course, Mar-20 was an exceptional due to a huge deferred tax reversal. The total revenues were up marginally by 1.74% at Rs.1,907 crore. DLF does not sell semi-finished property and hence many of the stringent real estate regulations does not apply to it.

The company also announced that Ashok Kumar Tyagi and Devinder Singh had been designated as CEOs, replacing Rajeev Talwar who will be retiring from the services after a 6 year stint. Tyagi was one of the persons who played a key role in the sale of 40% stake by the DLF promoters in DLF Cyber City Developers to GIC of Singapore. DLF clocked new products sales booking of Rs.908 crore in the second half of 2020-21.