DLF, the country’s largest listed developer, posted a 22.5% jump in net profit for the first quarter of FY25 at Rs 646 crore, missing street estimates of Rs 682 crore. The company had posted a profit of Rs 527 crore in Q1 FY24.DLF reported a 4% decline in revenues at Rs 1,362.35 crore in Q1 FY25 compared to Rs 1,423.23 crore in Q1 FY24.
Analysts had predicted a revenue of Rs 1,474 crore. The company posted a profit of Rs 921 crore in the March quarter of FY24.The company reported Ebitda (earnings before interest, tax, depreciation and amortisation) at Rs 229 crore, which fell 42% year-on-year (y-o-y). Margins for the quarter declined sharply by over 1,100 basis points to 16.8%.The company’s finance costs went up 19% y-o-y during Q1 FY25 and current tax more than doubled to Rs 48 crore.
Other income more than tripled to Rs 367 crore in the reporting first quarter, up from Rs 98 crore in the year-ago quarter.Total expenses during the June quarter rose 11% y-o-y to Rs 1,272 crore, compared with Rs 1,148 crore in the corresponding quarter of FY24.The company’s stock closed at Rs 812.65, about 0.79% down from Wednesday’s closing.