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DLF’s Quarter 1 Consolidated Net Profit up Over 140%

DLF’s Quarter 1 Consolidated Net Profit up Over 140%

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  31 July 2019 11:58 AM GMT

New Delhi: Real estate major DLF has reported a rise of more than 140 percent in its consolidated net profit for the quarter ended June 30, 2019. Accordingly, the company’s net profit rose to Rs 413.94 crore from Rs 172.44 crore reported for the corresponding quarter of last fiscal.

However, the company’s consolidated revenues from operations decreased to Rs 1,331.19 crore for the quarter ended June 30, 2019, from Rs 1,507.35 crore in Q1 FY19.

“The promoters infused the last tranche of funds amounting to Rs 2,250 crore into the company in the last quarter. With a total infusion of Rs 11,250 crore, this is one of the largest infusion by promoters in an Indian company, the company said. ( IANS)

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