DLF Q2 Results: Revenue increased 3.5%, net profit increased 30.6% to ₹623 crore

 DLF Q2 Results: Revenue increased 3.5%, net profit increased 30.6% to ₹623 crore

Delhi Land & Finance (DLF), a developer of commercial real estate, released its quarterly results for September 2023 on October 30, 2023. The business reported a 30.6 percent increase in net profit in Q2FY24, to ₹622.8 crore, from ₹477 crore during the same time the previous fiscal year.

In addition, the company said in a stock regulatory filing that its sales increased by 3.5 percent to ₹1,347.7 crore in the September quarter of FY 2023–24 against ₹1,302.3 crore in the same time the previous financial year. 

The firm said that, among other things, its EBITDA increased by 5.9 percent to ₹462.4 crore in Q2 FY2023–24 from ₹436.60 crore in Q2 FY2022-23. Additionally, the EBITDA margin increased to 34.3% from 33.5 percent in Q2 FY2022-23