DLF's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of DLF for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 1,360 | 8.53 | 1,521 | -2.96 | 1,476 |
| Expenses (₹crs.) | 1,009 | 0.3 | 1,148 | -11.85 | 1,012 |
| Net Profit (₹crs.) | 477 | 30.19 | 526 | 18.06 | 621 |
| Margin (%) | 35.07 | 7.00 | 34.58 | 7.49 | 42.07 |
REVENUE:
DLF reported a total income of ₹1,476 crores for Q2FY24, representing a significant jump of 8.53% annually. On a quarter-on-quarter basis, there was a decline of 2.96% from Q1FY24.
EXPENSES:
Expenses for DLF in Q2FY24 amounted to ₹1,012 crores, showing a 11.85% decrease compared to the preceding quarter. On a year-on-year basis, expenses increased by a marginal 0.3%. The reduction in expenses during the quarter is a positive sign for cost management.
NET PROFIT:
The net profit for DLF in Q2FY24 was ₹621 crores, indicating an increase of 18.06% compared to Q1FY24. Year-on-year, the company experienced a substantial decrease in net profit, amounting to 30.19%. The yearly growth is significant.
MARGINS:
DLF's margin for Q2FY24 was 42.07%, which demonstrates a 7.49% increase compared to Q1FY24. Year-on-year, the margin saw a significant steady rise of 7%. The quarterly improvement in margin is an encouraging sign.
In conclusion, DLF's financial performance in Q2FY24 reflects a great year-on-year comparison. The company has managed to reduce expenses and improve its margin on a quarterly basis. However, there is decline in total income and net profit compared to the previous quarter underscores the complexity of the real estate market.
Stay tuned for more updates on DLF's financial performance in the future.