DLF sale bookings rise by 24% to Rs 3,084 cr in FY21

DLF sale bookings rise by 24% to Rs 3,084 cr in FY21

Realty major DLF's sale bookings stood at Rs 2,485 crore in 2019-20, according to an investors' presentation

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Realty major DLF said the real estate industry witnessed a structural positive shift in housing demand in 2020-21Realty major DLF said the real estate industry witnessed a structural positive shift in housing demand in 2020-21
PTI
  • Jun 12, 2021,
  • Updated Jun 25, 2021 3:44 PM IST

Realty major DLF sold residential properties worth Rs 3,084 crore in the last fiscal year, registering a growth of 24 per cent from 2019-20, as it saw better demand for completed and new inventories despite the pandemic.

The company's sale bookings stood at Rs 2,485 crore in 2019-20, according to an investors' presentation.

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"New sales at Rs 3,084 crore for the fiscal despite Q1FY21 being muted," DLF said.

Housing sales were badly impacted during June quarter of 2020-21 because of the nationwide lockdown to control the COVID-19 pandemic.

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According to the presentation, DLF issued possession letters to 2,169 units, comprising 5.12 million square feet during the last fiscal year.

On Friday, DLF reported a consolidated net profit of Rs 480.94 crore for the quarter ended March 31, 2021.

The company had posted a net loss of Rs 1,857.76 crore in the year-ago period.

Total income rose to Rs 1,906.59 crore in the quarter from Rs 1,873.80 crore in the corresponding period of the previous year.

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For 2020-21, DLF posted a net profit of Rs 1,093.61 crore against a net loss of Rs 583.19 crore.

Total income fell to Rs 5,944.89 crore last fiscal year from Rs 6,888.14 in 2019-20.

Realty major DLF sold residential properties worth Rs 3,084 crore in the last fiscal year, registering a growth of 24 per cent from 2019-20, as it saw better demand for completed and new inventories despite the pandemic.

The company's sale bookings stood at Rs 2,485 crore in 2019-20, according to an investors' presentation.

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"New sales at Rs 3,084 crore for the fiscal despite Q1FY21 being muted," DLF said.

Housing sales were badly impacted during June quarter of 2020-21 because of the nationwide lockdown to control the COVID-19 pandemic.

Also Read:

According to the presentation, DLF issued possession letters to 2,169 units, comprising 5.12 million square feet during the last fiscal year.

On Friday, DLF reported a consolidated net profit of Rs 480.94 crore for the quarter ended March 31, 2021.

The company had posted a net loss of Rs 1,857.76 crore in the year-ago period.

Total income rose to Rs 1,906.59 crore in the quarter from Rs 1,873.80 crore in the corresponding period of the previous year.

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For 2020-21, DLF posted a net profit of Rs 1,093.61 crore against a net loss of Rs 583.19 crore.

Total income fell to Rs 5,944.89 crore last fiscal year from Rs 6,888.14 in 2019-20.

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