Realty cos make hay as net profit soars in Q2

Updated: Oct 31 2007, 10:00am hrs
DLF profit rises 32%

DLF Ltd recorded consolidated revenues of Rs 3,349 crore for the quarter ended September 30, 2007, an increase of 7.3% from Rs 3,121 crore in the first quarter of the current fiscal.

EBIDTA was at Rs 2,363 crore, an increase of 5% as compared to Rs 2,251 crore in Q1 FY08. Net profit stood at Rs 2,018 crore, up by 32% from Rs 1,524 crore. The non-annualized EPS for the quarter was Rs 11.83.

DLF added 17 mn sq ft to its developable land reserves in the offices segment. The company booked 2.45 mn sq ft and handed over 2.24 mn sq ft during the quarter. The company also added 16 mn sq ft to its developable land reserves in retail malls segment across locations, particularly the metros, in the quarter.

Parsvnath jumps 110 %

Parsvnath Developers Ltd recorded consolidated revenues of Rs 412.71 crore for the quarter ended September 30, 2007, an increase of 40.67% from Rs 293.34 crore in the corresponding quarter last fiscal. EBITDA was at Rs 161.22 crore, an increase of 114.09% as compared to Rs 75.31 crore in Q2 FY07. Net profit stood at Rs 102.77 crore, up by 110.05% from Rs 48.93 crore.

The non-annualized EPS at the end of the quarter was at Rs 5.56. The operating margins increased to 39.06% from 25.67% in the corresponding quarter last fiscal. The net margins also saw an increase to 24.90% as compared with 16.68% in Q1 FY07.

Sobha net profit up by 51%

Sobha Developers Ltd has shown a growth in the net profit during the second quarter of 2007-08 at Rs 19.10 crore, an increase of 51% over the corresponding quarter of the previous year.

The cumulative profit for six months was at Rs 97 crore, an increase of 80% over the corresponding period of the previous year . The operating margins for this quarter were at 27% as against 20% for the corresponding quarter of last year.

Unitechs PAT zooms 298%

Unitech Ltd on Tuesday announced its unaudited financial results for the second quarter July to September and for the half year ended September 30 2007. On a consolidated basis, the total income of the company during the quarter was Rs 1,064.25 crore, up 142% from the corresponding period last year and profit after tax was Rs. 410.12 crore, up 298% from the corresponding period last year.