DLF Reported Q4 earnings: Net Profit surged to Rs.920 crores

DLF is a commercial real estate development company based in Delhi, The company has reported its Q4 FY 2023-24 earnings after market hours today, It has reported a surge in both Revenue and Net profits for this quarter.

DLF Q4 Performance

DLF has reported a net profit of Rs.920 crores in this quarter against a net profit of Rs.920 crores against a net profit of Rs.570 crores in Q4 FY 2022-23, a surge of 61.5% on a year-on-year basis. The revenue for this quarter has jumped 46.6% to Rs.2,135 crores from Rs.1,456 crores in Q4 FY 2022-23.

EBITDA for the quarter remained at Rs.754.4 crores, a jump of 89.4% from Rs.398.3 crores in Q4 FY 2022-23. The EBITDA Margins for the quarter increased by 590 Bps to 35.3% from 27.4% in Q4 FY 2022-23.

The Board of Directors have also recommended a dividend of Rs.5 per share on equity shares of Rs.2 each.

Appointment of CFO

In a recent development, Mr. Ashok Kumar Tyagr has assumed the position of Chief Financial Officer (CFO) of the Company, in addition to his current role as Managing Director. The Board of Directors officially sanctioned his appointment during their meeting held on 13 May 2024. 

Stock Performance

The stock of the largest real estate company according to market capitalisation, DLF Ltd. has given stellar returns of around 80% over the past year, The stock closed at Rs.841.10 a piece before reporting its results today after market hours, The stock a 52 week high and low of Rs.967.60 and Rs.429.90 respectively.

Conclusion: The company has reported a surge in both top line and bottom-line frontiers. As the company has reported its results after market hours any reaction to these results will take place tomorrow. The board has also recommended a dividend of Rs.5 per share on equity shares of face value of Rs.2 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.