Saturday, June 19, 2021

DLF logs Q4 net profit of Rs 481 crore

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Its consolidated revenue increased 2 per cent to Rs 1,907 crore, the company said in a statement.

“Our business exhibited resilient performance amidst a challenging year. We remain confident of delivering our business goals,” it said.

The company added that DLF’s new product launches of independent floors in DLF City and New Gurgaon witnessed healthy absorption, vindicating demand for quality products in established locations. It clocked new products sales booking of Rs 908 crore during the second half of the 2020-21 fiscal.

Optimised cost structures and efficient working capital management coupled with a steady ramp-up in collections led to positive cash flows in all quarters, it said.

Consequently, its net debt stood at Rs 4,885 crore with a reduction of Rs 382 crore, DLF said.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media



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