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DLF net profit falls 16% to Rs 379 cr in Q3, revenue flat at Rs 1,550 cr

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The slip in profit was on account of an exceptional item related to an investee company defaulting on a debt obligation of Rs 224 crore

Deepsekhar Choudhury Bengaluru
Realty major DLF saw its net profit fall 16 per cent to Rs 379 crore in the third quarter of FY22 from Rs 451 crore in the same period of the previous financial year. The company’s revenue from operations stayed flat at Rs 1,550 crore in the December quarter compared to Rs 1,543 crore in the year-ago period.

The slip in profit was on account of an exceptional item related to an investee company defaulting on a debt obligation of Rs 224 crore. As such, DLF’s profit before exceptional items rose 23 per cent to Rs 476 crore in the

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First Published: Jan 31 2022 | 8:16 PM IST

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