DLF Ltd, the country’s largest realtor by market capitalisation, reported Rs 337.2 crore profit after tax (PAT) for the April-June quarter. The group had posted Rs 71.5 crore net loss during the corresponding quarter last year.
In June, the Delhi-headquartered real estate major’s operating revenue stood at Rs 1,139.5 crore, 108 per cent higher from Rs 548.6 crore last year. The firm's PAT and revenue both grew significantly on a low base, but fell by double digits sequentially. While its operating revenue fell 33.5 per cent from Rs 1,712.6 crore in the March quarter, PAT was down 29.4 per cent from Rs 477.4 crore.
According to the company, demand in the residential segment has been encouraging and since the pandemic,