DLF Q3 post-tax profit up 8.7% to Rs 440 cr, operating revenue rise 15%

Wholetime director and CEO Rajeev Talwar to step down on March 31

Real estate major DLF today reported a 8.7 percent year-on-year growth in its profit after tax (PAT) to Rs 449 crore for the October-December quarter. It's net profit surged from Rs 413 crore in the corresponding quarter previous year, the firm said.

The Delhi-headquartered firm's operating revenue grew 15 percent yoy to Rs 1,543 crore from Rs 1,342 crore as new residential unit sales improved. On a standalone basis, DLF's sales recorded sharp recovery from last year. While in October-December 2019 it had reported Rs 665.2 crore in sales, in last quarter it's surged to Rs 1,303.2 crore - growing