DLF net profit of Rs 481 crore in March quarter

DLF net profit of Rs 481 crore in March quarter

New Delhi, Jun 11 (PTI) Realty major DLF has posted a consolidated net profit of Rs 480.94 crore for the fourth quarter ended March last fiscal. Along with this, DLF has appointed Ashok Tyagi and Devinder Singh as the new Chief Executive Officers (CEOs) of the company.

Due to this, the company had a net loss of Rs 1,857.76 crore in the fourth quarter of the previous financial year.

In a communication sent to the stock exchanges, the company said that its total income during the quarter under review has increased to Rs 1,906.59 crore from Rs 1,873.80 crore in the fourth quarter a year ago.

For the full financial year 2020-21, DLF’s net profit reached Rs 1,093.61 crore as against the company’s net loss of Rs 583.19 crore in the previous financial year 2019-20.

The company’s total income declined to Rs 5,944.89 crore during the financial year from Rs 6,888.14 crore in the previous fiscal.

The Board of Directors of DLF has appointed Ashok Kumar Tyagi and Devinder Singh as CEO and Whole Time Directors of the company with immediate effect, entrusting them with additional responsibilities.

The Board of Directors has also approved the appointment of Savitri Devi Singh and Anushka Singh as additional directors of the company. However, this would require the approval of the shareholders. Both are daughters of DLF chairman Jeev Singh.

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