The country’s largest real estate firm, DLF Ltd, on Thursday, posted a jump of 23% in its consolidated net profit at Rs 1,864 crore for the quarter ended June 30, as against Rs 1,516 crore during the corresponding period last year. During the period, the company’s consolidated revenue went up by 23% at Rs 3,846 crore from last year’s Rs 3,121 crore. The EBIDTA stood at Rs 2,380 crore, up by 6% from Rs 2,251 crore in the corresponding period.

“DLF continues to maintain its momentum in sales and execution. Sales of premium homes have been achieved at higher realisations and projects under execution have increased. While we expect a cautious outlook for the year ahead, our new launches, strong backlog, and proven execution allows us to remain optimistic on delivering double-digit growth in all facets of our business,” said Rajiv Singh, vice chairman, DLF.

While speaking about the real estate scenario, Singh said, “Market circumstances worldwide are unfavourable. The increase in interest rates twice during the last quarter will definitely impact the real estate sector. However, the long-term outlook for the sector in our opinion remains unchanged and accordingly, we continue to invest in creating distinctive products to satisfy the demand arising from the growth in diverse sectors of the Indian economy.”

New projects of DLF include 3 IT/ITES SEZs in Kolkata, SIEL, and Gandhinagar. Other projects are Hilton Garden Inn Courtyard in Saket.