Business

DLF revenue rises 49%

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DLF has reported a 43 per cent rise in its consolidated revenues to Rs.2,981 crore for the quarter ended December 31, 2015 against Rs. 2,080 crore in the year-ago period. EBIDTA stood at Rs. 1,379 crore compared to Rs. 918 crore.

Net profit rose to Rs. 164 crore from Rs.132 crore. This includes a one-time gain on sale of land by DLF Home Developers Ltd to two joint venture companies formed with GIC, Singapore’s sovereign wealth fund. It also includes revision in construction budgets, primarily due to fundamental specifications upgrade and reassessment of cost to completion.

The non-annualised EPS for the quarter was Rs. 0.92. Net debt stood at Rs. 21,396 crore, a reduction of Rs.1,124 crore from the previous quarter, says a company release.

Tube Investments net profit at Rs.16 crore

Tube Investments of India (TII) has reported a net profit at Rs.16 crore for the quarter ended December 31, 2015 compared to a net loss of Rs.44 lakh (after Rs.11.73 crore for exceptional item pertaining to compensation under Voluntary Retirement Scheme) in the year-ago period.

Total revenue was lower at Rs.902 crore against Rs.942 crore. During the quarter, the company sold non-operating assets, which generated a profit of Rs.1.25 crore.

The bicycle division registered a revenue drop of 10 per cent at Rs. 287 crore (Rs. 318 crore) during the quarter.

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Printable version | Dec 12, 2019 8:16:14 PM | https://www.thehindu.com/business/dlf-revenue-rises-49/article8189360.ece

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