Home / Companies / Results / DLF posts Rs 1,857 cr loss in Q4 FY20 on back of reversal of DTA

DLF posts Rs 1,857 cr loss in Q4 FY20 on back of reversal of DTA

Total income fell to Rs 6,884.14 crore in 2019-20 from Rs 9,029.41 crore in the previous year

The price of a residential unit, on an average, is 9-10 times annual income in a city like Mumbai, and about six-seven times in most tier-one cities

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The company said it has met all its stakeholder commitments and has not availed any moratoriums or deferments on its debt obligations

Press Trust of India New Delhi

3 min read Last Updated : Jun 04 2020 | 9:01 PM IST

Realty major DLF on Thursday reported a consolidated net loss of Rs 1,857.76 crore in the fourth quarter of last fiscal year, mainly due to reversal of deferred tax assets (DTA) as it adopted a lower tax rate.

It had posted a net profit of Rs 436.56 crore in the year-ago period, the company said in a regulatory filing.

Total income fell to Rs 1873.8 crore in the January-March quarter of the 2019-20 fiscal from Rs 2,660.95 crore in the corresponding period of the previous year.

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Topics : DLF Realty Q4 earnings Real estate sector in India

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