Realty company DLF announced Q1FY24 results:
- Consolidated Revenue stood at Rs 1,522 crore
- Gross margins at 52%
- EBITDA stood at Rs 495 crore
- Net Profit at Rs 528 crore, reflecting YoY growth of 12%
- New sales bookings for Q1FY24 stood at Rs 2,040 crore
- Net Debt now stands reduced to the lowest ever at Rs 57 crore
- The office portfolio maintained its stability, while the retail business continues to follow an upward growth trajectory.
- Q1FY24 consolidated revenue of DLF Cyber City Developers Limited stood at Rs 1,412 crore, reflecting YoY growth of 12%
- consolidated profit for Q1FY24 stood at Rs 391 crore, a YoY growth of 21%.
- achieved pre-leasing of approximately 82% across our two new office complexes – DLF Downtown in Gurugram and Chennai.