Realty giants post dismal Q3 results; DLF’s net profit down 69%

Realty giants post dismal Q3 results; DLF’s net profit down 69%; Unitech’s bottomline cracks as well; DLF’s interest cost up 100%

DLF has declared its third quarter results. The company’s net profit was down by 68.72% from Rs 2144.98 crore to Rs 670.79 crore on YoY basis.

Its revenues were down 62.02% from Rs 3598.42 crore to Rs 1366.67 crore on YoY basis. Its other income was up 157.65% from Rs 52.83 crore to Rs 136.12 crore.

The company’s net profit was down 65.3% to Rs 670.79 crore on QoQ basis. Its revenues were down 63.5% to Rs 1366.67 crore on QoQ basis. Its operating profit was down 68.73% to Rs 693.21 crore on QOQ basis. Its interest cost was up 99.87% to Rs 93.78 crore on QOQ basis.

Unitech has announced its third quarter results. The company’s sales were down by 50.21% to Rs 489.39 crore on QoQ basis. Its expenses were down 33.7% to Rs 250.39 crore on QoQ basis.

Its interest costs were down 27.8% to Rs 96.72 crore on QoQ basis. Its net profit was down 62.09% to Rs 136.05 crore on QoQ basis.

The company’s sales were down 57.15% to Rs 489.39 crore on YoY basis. Its expenses were down 39.4% to Rs 250.39 crore on YoY basis.

Its interest costs were down 1.28% to Rs 96.72 crore on YoY basis. Its net profit was down 74.12% to Rs 136.05 crore on YoY basis.

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