Realty major DLF has reported a consolidated net profit of ₹435 crore for the quarter ended March 31, 2019. For the same quarter in the previous fiscal, DLF had reported consolidated net profit of ₹247.73 crore
The total income of the company for the quarter under review stood at ₹2,661 crore. It had recorded total income of ₹1,845.92 crore in the same period in previous fiscal. This is a growth of 44 per cent, said the company in regulatory filing.
The company is now entering into the next wave of asset build-out at certain select marquee locations in both residential and commercial segments, which will enable substantial ROE growth, said the statement.
In the statement, DLF said that it will work to generate free cash-flow through the monetization of its ready-to-occupy inventory.