DLF Posts Rs 130-cr Loss In March Quarter; Operating Revenue Plunges 32%

Business Standard

It had posted Rs 230 crore PBT during the corresponding quarter last year on a consolidated basis.

Topics

DLF | DLF Realty | Lockdown

Arnab Dutta  |  New Delhi 

The firm is working on a few new projects in both the commercial and residential segments

Lockdown on outdoor activities impacted the firm’s business as its operating revenue plunged 32 per cent year-on-year to Rs 1,694 crore – down from Rs 2,500 crore.

Real estate major

reported Rs 130-crore loss for the March quarter as a one-time exceptional charge of Rs 330 crore hit its bottom line.

It had posted Rs 230 crore PBT during the corresponding quarter last year on a consolidated basis.

on outdoor activities impacted the firm’s business as its operating revenue plunged 32 per cent year-on-year to Rs 1,694 crore – down from Rs 2,500 crore.

.

First Published: Fri, June 05 2020. 03:12 IST

';if(neverShowNotificaitonCookie==''||neverShowNotificaitonCookie=='undefined'||neverShowNotificaitonCookie==null){var lastReminderCookie=getCookie('_ler'+loginParamObj.uId);if((lastReminderCookie=="")||(lastReminderCookie=="undefined")||(lastReminderCookie==null)){$('body').prepend(notificationBox);}else{if(lastReminderCookie

RECENT NEWS

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

Coutts Sets Scope On New Continent

Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more

ACB Securities: Building Scale, Trust & Innovation

ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more

War Risk Returns To Markets As VIX Surges

For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more