Real estate major DLF on Wednesday reported a net profit of Rs 519.21 crore for the third quarter (Q3) of FY23, reflecting an increase of 36.8 per cent compared to the profit of Rs 379.48 crore in the year-ago quarter.
The rise can be attributed to the exceptional item (expense) of Rs 224.43 crore reported in the year-ago quarter. Profit before exceptional items, tax, share of profit in associates and joint ventures stood at Rs 408 crore in Q3FY23, down compared to Rs 475.66 crore in the year-ago period.
DLF's total income during the quarter fell to Rs 1,560 crore as against Rs 1,687 crore in the corresponding period, last year. Revenue from operations at Rs 1,494.80 crore, are about 3.5 per cent lower than Rs 1,549.70 crore in the year-ago quarter.
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