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DLF Q4 profit up 6.4% YoY to Rs 481 cr; firm appoints new CEOs

Read more about DLF Q4 profit up 6.4% YoY to Rs 481 cr; firm appoints new CEOs on Business Standard. Firm posts full-year profit of Rs 1,097 cr in FY21 compared with a Rs 597 cr loss the previous year ....

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DLF posts ₹481 cr net profit in Q4 - The Hindu BusinessLine

Appoints Ashok Tyagi, Devinder Singh as CEOs ....

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#Results: DLF posts Rs 481 cr net profit in Q4; appoints Ashok Tyagi, Devinder Singh as CEOs

: Friday, June 11, 2021, 11:02 PM IST
#Results: DLF posts Rs 481 cr net profit in Q4; appoints Ashok Tyagi, Devinder Singh as CEOs
For the entire 2020-21 financial year, DLF posted a net profit of Rs 1,093.61 crore as against a net loss of Rs 583.19 crore in FY20.
Realty major DLF on Friday reported a consolidated net profit of Rs 480.94 crore for the quarter ended March.
It also appointed Ashok Tyagi and Devinder Singh as the new CEOs of the company.
DLF had posted a net loss of Rs 1,857.76 crore in the year-ago period.
Total income rose to Rs 1,906.59 crore in the fourth quarter of 2020-21 from Rs 1,873.80 crore earlier, according to a regulatory filing. ....

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DLF restructures existing loans to lower interest costs, targets to save Rs 300 crore annually

DLF restructures existing loans to lower interest costs, targets to save Rs 300 crore annually
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“In March 2020, most of our loans were at 9% interest rate, by December, we had reduced it to 7.5%,” Ashok Kumar Tyagi, whole-time director at DLF Ltd, told ET. “Our existing lenders are offering aggressive rates. We believe the average interest rate should be around 7.5%.”
Agencies
DLF has developed 153 real estate projects with a total area of about 330 million sq ft.
NEW DELHI:
DLF Ltd, the country’s biggest real estate developer, is restructuring existing loans with a target of saving Rs 300 crore annually, taking advantage of the benign interest rate environment, said a senior company executive. ....

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