DLF reports Q1 PAT of Rs 337 crore versus Rs 72 cr loss a year ago

At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end

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