DLF Limited, India’s largest real estate company, announced its unaudited annual results for FY08. It recorded consolidated revenues of Rs 14,494 crore for the year ended March 31, 2008, an increase of 258% from Rs 4,053 crore in FY07. EBIDTA stood at Rs 10,017 crore, an increase of 245% as compared to Rs 2906 crore in the corresponding period last year. Net profit was at Rs 7856 crore, up by 306% from Rs 1934 crore. The EPS for FY08 stood at Rs 47.16 as compared to Rs 12.75 for FY07, a significant growth of 270%.

For Q4 FY08, DLF recorded consolidated revenues of Rs 4,372 crore, an increase of 20% from Rs 3,651 crore in Q3 FY08. EBIDTA stood at Rs 2,849 crore, an increase of 12% from Rs 2,554 crore in the third quarter of FY08. The net profit for the period was Rs 2177 crore. The non annualized EPS for the quarter was Rs 12.75.

Commenting on the company’s performance, Mr. Rajiv Singh, Vice Chairman, DLF Limited said, “For an economy growing at the rate of 8-8.5% p.a., the demand for premium real estate continues to be buoyant. DLF being a leader in the industry continues to grow and strengthen its competitive position. The annual results reflect this reality.”

“The strong sales witnessed by us in the premium homes segment are a vindication of our strategy to drive sales of high quality products at reasonable prices without compromising our targeted margins. This coupled with our existing strengths in all aspects of commercial real estate and luxury homes, DLF is strongly positioned to continue its growth momentum. Our unique and diverse mix of geographies, products, segments and business model shall enable us to meet the challenges and difficulties in certain micro markets, if any, as well as profit from opportunities from across the country,” Mr. Singh added.

Sourced From: Concept Public Relations India Pvt. Ltd

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