The realty major reported 9% rise in consolidated net profit to Rs 452 crore on 15% jump in net sales to Rs 1543 crore in Q3 FY21 over Q3 FY20.Consolidated profit before tax came rose 5% to Rs 386.76 crore in Q3 FY21 from Rs 368.61 crore in Q3 FY20. Current tax expense fell 26.2% year on year to Rs 104.24 crore in Q3 FY21.
EBITDA jumped 49% to Rs 624 crore in Q3 FY21 from Rs 419 crore in the same period last year. DLF said demand in the residential business is improving, aided by a low-interest cost regime, various government incentive initiatives and quality supply with affordability.
During the quarter, DLF launched Independent Floors in DLF City, which was absorbed in record time, demonstrating demand for quality products in established locations. New Sales bookings for the quarter rose to Rs 1,022 crore, reflecting a 40% growth year on year. The company assured it continues to step up on new launches and remain focused on creating a healthy pipeline of new products offering div
Synopsis
DLF and Birla Estates have reported an uptick in the sales of independent floors, while developers of boutique apartments in south Delhi claim there is a shortage of such ready-to-move in accommodation.
Agencies
Another reason for the rising demand for independent floors by well-known builders is that they take care of the infrastructure and other amenities.
New Delhi: Demand for independent floors in south Delhi and Gurgaon has increased as high-end homebuyers look for large and standalone spaces after the Covid-19 pandemic changed buyer behaviour.
DLF and Birla Estates have reported an uptick in the sales of independent floors, while developers of boutique apartments in south Delhi claim there is a shortage of such ready-to-move in accommodation.