DLF Q1 results: Net profit rises 12% to Rs 527 crore, beats analysts' estimates
Realty company DLF on Friday reported a net profit of Rs 527 crore for the June quarter, beating analysts' estimates.
Real estate company DLF on Friday reported a consolidated net profit of Rs 527 crore for the quarter ended June 2023, marking an increase of 12.2 per cent compared with the corresponding period a year ago. The property developer's net profit exceeded analysts' estimates by a wide margin.
Its revenue came in at Rs 1,423.2 crore for the June quarter, as against Rs 1,441.6 crore for the year-ago period, according to a regulatory filing.
According to Zee Business research, DLF's quarterly net profit was estimated at Rs 512.2 crore and revenue at Rs 1,704 crore.
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DLF shares ended 0.7 per cent lower at Rs 501 apiece on BSE ahead of the earnings announcement.
(This story will be updated shortly)