DLF Q4 Results: Profit jumps 41% YoY to Rs 570 cr; dividend declared at Rs 4/share

Realty major DLF on Friday reported a 41% rise in consolidated net profit to Rs 570 crore during the March quarter. It was Rs 405 crore in the same period last year.

The board has also recommended a dividend of Rs 4 per equity share, which is 200% on the face value of Rs 2 each for FY23.

Revenue from operations, however, fell 6% to Rs 1,456 crore for the reporting quarter as against Rs 1,547 crore in the same quarter of the last year.

On a sequential basis, net profit jumped 10% from Rs 517 crore clocked in the preceding December quarter.

The company's operating profit, calculated as EBITDA (earnings before interest, tax, depreciation and amortisation) rose 8% to Rs 397 crore for the fourth quarter. Margins stood at 27.4% in the reporting period.

The company said that the date of the annual general meeting and further information on the dividend payment will be intimated in due course.

For the full year ended March 2023, net profit increased 36% to Rs 2,036 crore as against Rs 1,501 crore reported in the previous fiscal.

During FY23, revenue from operations fell marginally to Rs 5,695 crore, compared with Rs 5,717 crore in FY22.

On Friday, DLF stock closed 0.74% higher at Rs 436 apiece on NSE. So far this year, the shares were up 15%.