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Consolidated net sales (including other operating income) of DLF for the quarter ended Dec 2023 has increased 1.77% to Rs 1521.25 crore. Operating profit margin has jumped from 31.92% to 33.59%, leading to 7.08% rise in operating profit to Rs 510.97 crore. Employee cost decreased from 8.98% to 8.26%. Other expenses fell from 59.10% to 58.15%. Selling and administration expenses rose from 41.28% to 43.65%. Construction development cost rose from 41.28% to 43.65%. Other income rose 88.50% to Rs 122.26 crore. PBIDT rose 16.82% to Rs 633.23 crore. Provision for interest fell 12.25% to Rs 83.74 crore. PBDT rose 23.03% to Rs 549.49 crore. Provision for depreciation fell 1.66% to Rs 37.95 crore. Profit before tax grew 25.37% to Rs 511.54 crore. Share of profit/loss was 26.75% higher at Rs 279.21 crore. Provision for tax was expense of Rs 135.04 crore, compared to Rs 110.39 crore. Effective tax rate was 17.08% compared to 17.57%. Minority interest increased 29.13% to Rs -0.90 crore. Net profit attributable to owners of the company increased 26.46% to Rs 656.61 crore. For year-to-date (YTD) results analysis.
Consolidated net sales (including other operating income) of DLF for 9m ended Dec 2023 has increased 1.26% to Rs 4292.16 crore.
Operating profit margin has jumped from 31.32% to 31.91%, leading to 3.16% rise in operating profit to Rs 1,369.49 crore. Employee cost increased from 9.28% to 9.84%. Other expenses fell from 59.40% to 58.25%. Selling and administration expenses rose from 42.76% to 45.01%. Construction development cost rose from 42.76% to 45.01%. Other income rose 76.80% to Rs 349.48 crore. PBIDT rose 12.70% to Rs 1718.97 crore. Provision for interest fell 15.88% to Rs 258.75 crore. PBDT rose 19.92% to Rs 1460.22 crore. Provision for depreciation fell 1.17% to Rs 111.27 crore. Profit before tax grew 22.07% to Rs 1,348.95 crore. Share of profit/loss was 23.93% higher at Rs 803.42 crore. Provision for tax was expense of Rs 348.66 crore, compared to Rs 288.96 crore. Effective tax rate was 16.20% compared to 16.48%.Minority interest decreased 82.31% to Rs -2.68 crore. Net profit attributable to owners of the company increased 23.23% to Rs 1,806.39 crore. Promoters’ stake was 74.08% as of 31 December 2023 ,compared to 74.95% as of 31 December 2022 .
| DLF : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 1,521.25 | 1,494.80 | 1.77 | 4,292.16 | 4,238.77 | 1.26 | 5,694.83 | 5,717.39 | -0.39 | | OPM (%) | 33.59 | 31.92 | 166 bps | 31.91 | 31.32 | 59 bps | 30.31 | 30.48 | -17 bps | | OP | 510.97 | 477.20 | 7.08 | 1,369.49 | 1,327.53 | 3.16 | 1,725.88 | 1,742.56 | -0.96 | | Other Inc. | 122.26 | 64.86 | 88.50 | 349.48 | 197.67 | 76.80 | 317.31 | 420.46 | -24.53 | | PBIDT | 633.23 | 542.06 | 16.82 | 1,718.97 | 1,525.20 | 12.70 | 2,043.19 | 2,163.02 | -5.54 | | Interest | 83.74 | 95.43 | -12.25 | 258.75 | 307.58 | -15.88 | 392.14 | 624.55 | -37.21 | | PBDT | 549.49 | 446.63 | 23.03 | 1,460.22 | 1,217.62 | 19.92 | 1,651.05 | 1,538.47 | 7.32 | | Depreciation | 37.95 | 38.59 | -1.66 | 111.27 | 112.59 | -1.17 | 148.63 | 149.44 | -0.54 | | PBT | 511.54 | 408.04 | 25.37 | 1348.95 | 1105.03 | 22.07 | 1502.42 | 1389.03 | 8.16 | | Share of Profit/(Loss) from Associates | 279.21 | 220.29 | 26.75 | 803.42 | 648.28 | 23.93 | 933.03 | 656.7 | 42.08 | | PBT before EO | 790.75 | 628.33 | 25.85 | 2152.37 | 1753.31 | 22.76 | 2435.45 | 2045.73 | 19.05 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | -224.43 | - | | PBT after EO | 790.75 | 628.33 | 25.85 | 2152.37 | 1753.31 | 22.76 | 2435.45 | 1821.3 | 33.72 | | Taxation | 135.04 | 110.39 | 22.33 | 348.66 | 288.96 | 20.66 | 401.5 | 320.98 | 25.09 | | PAT | 655.71 | 517.94 | 26.60 | 1803.71 | 1464.35 | 23.17 | 2033.95 | 1500.32 | 35.57 | | Minority Interest (MI) | -0.9 | -1.27 | 29.13 | -2.68 | -1.47 | -82.31 | -1.88 | -0.54 | -248.15 | | Net profit | 656.61 | 519.21 | 26.46 | 1806.39 | 1465.82 | 23.23 | 2035.83 | 1500.86 | 35.64 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 656.61 | 519.21 | 26.46 | 1806.39 | 1465.82 | 23.23 | 2035.83 | 1500.86 | 35.64 | | EPS (Rs)* | 2.65 | 2.10 | 26.46 | 7.30 | 5.92 | 23.23 | 8.22 | 6.72 | 22.38 | | | * EPS is on current equity of Rs 495.06 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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