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News Details

05/08/2020 18:50

DLF posts Q1 net loss of Rs 40.00 cr

The company reported standalone net loss during the quarter stood at Rs 40.00 crore compared to net profit of Rs 782.65 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 46.50 per cent at Rs 270.05 crore in April-June quarter of this fiscal as against Rs 504.74 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 36.13 per cent to Rs 257.73 crore from Rs 403.51 crore in year ago period.

Other Income dipped by 13.10 per cent at Rs 115.78 crore versus (Jun'19 Rs 133.23 crore).

Operating Profit slipped by 87.83 per cent to Rs 12.32 crore as against Rs 101.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 77.27 per cent in June quarter.

Interest declined by 4.95 per cent y-o-y to Rs 160.23 crore, while Taxation decreased by 169.30 per cent at Rs -13.27 crore (Jun'19 Rs 19.15 crore).