Riding on 66% net growth, DLF sees revival in luxury homes

DLF recorded a consolidated net profit of Rs 2.48 billion in the fourth quarter of last fiscal year while profit stood at Rs 1.49 billion during the same period a year

DLF, the country’s largest real estate developer, recorded a consolidated net profit of Rs 2.48 billion in the fourth quarter of last fiscal year while profit stood at Rs 1.49 billion during the same period a year back. This year’s profit is a whopping rise of 66 per cent from the figure in the previous year.

Total income, however, fell to Rs 18.45 billion during the January-March quarter of last fiscal year from Rs 25.12 billion in the corresponding period of the previous year. The company, however, is bullish of the residential segment and believes that luxury home sales will bounce