Lodha Developers' net profit rises 32% to Rs 7.9 bn due to high sales

Lodha Developers' total income was higher than that of DLF, which posted Rs 76.64 billion income during the previous fiscal

Realty major Lodha Developers has reported a 32 per cent rise in its consolidated net profit at Rs 7.9 billion during the last fiscal on account of higher sales, especially in the affordable housing segment.

Its net profit stood at Rs 5.99 billion in the 2016-17 financial year.

Total income of the company, which plans to launch its maiden public issue soon, rose by 22 per cent to Rs 97 billion in the 2017-18 fiscal from Rs 79.57 billion in the previous year, sources said.

Lodha Developers' total income was higher than that of DLF, which posted Rs 76.64 billion income during the