DLF's Q4 consolidated net profit at Rs 136 cr

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SME Times News Bureau | 27 May, 2017
Real estate major DLF on Friday reported a consolidated net profit of Rs 136 crore for the fourth quarter (Q4) of 2016-17.

According to the company, its consolidated net profit during the quarter under review stood at Rs 136 crore from a loss of Rs 181 crore in the corresponding period of 2015-16.

However, the real estate major's consolidated revenue for the fourth quarter decreased by 8 per cent to Rs 2,511 crore from Rs 2,733 crore earned during Q4 of FY16.

On a full financial year 2016-17 basis, the company reported that its consolidated net profit rose by 109 per cent to Rs 694 crore from Rs 332 crore in 2015-16.

On the other hand, DLF's consolidated revenue during the fiscal under review edged lower by 16 per cent to Rs 8,941 crore from Rs 10,597 crore.

The company's Board of Directors has recommended a dividend of Rs 2 per equity share for the year 2016-17.