Promoters infuse final tranche of Rs 2,250 crore into DLF

The promoters of realty major DLF have pumped in Rs 2,250 crore into the company over the last quarter through the final tranche of total planned infusion of Rs 11,250 crore, which is one of the largest infusion by promoters in an Indian company.

With this, the company has completed the entire process of transforming its balance sheet and will now focus on monetizing its completed inventory and also create the future projects pipeline to fuel growth, the company said in its earnings release.

The country’s largest real estate developer has reported consolidated net profit of Rs 413 crore for the quarter ended June on the back of revenues worth Rs 1,541 crore. During the quarter, the company has achieved net sales of Rs 705 crore and gross leasing of 0.97 million sq ft.

“Our strategy of build and sell has worked out to be a successful one. Given the overhang owing to numerous factors, the markets are expected to lean towards developments, which are either complete or at advanced stages of completion and mitigate various risks perceived to be attached to under construction projects,” said Ashok Tyagi, Wholetime Director, DLF.

DCCDL Group, the company’s rental arm, has reported consolidated net profit of Rs 387 crore with revenue of Rs 1,336 crore.


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