DLF Sees Profits Surge

July 20, 2007	(1 votes, average: 1 out of 5)  Loading ...
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Indian property giant DLF announced results of its first quarter of the current financial year 2007-2008. The company registered an overall turnover of Rs 3,121 crore and net profit at Rs 1,515 crore.

And, the total revenue on standalone basis is estimated to be Rs 1, 207 crore and net profit stood at Rs 579 crore.

Profits in this quarter have been generated at a net margin of 48.5 per cent and the revenue generated is 77 per cent of what has been in the last fiscal. This has pushed the DLF’s earning per share to Rs 8.89 (Rs 35 per on an annualized basis).

The company has announced a dividend of 100 per cent for the FY 2006-07. DLF has recently bagged a Rs 6,000 crore DDA contract to develop an international convention center.

DLF possesses the current land bank of 13,000 acres, which can easily cater to the development of 625 million square feet.

News Published Under:   Real Estate Developers |

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