DLF Q3 Results: Realty major’s net profit jumps 61% on-year, revenue flat

DLF’s revenue from operations came in flat, rising 0.5% to ₹1,528.7 crore compared to ₹1,521.3 crore in the same period last fiscal, while net profit surged 61.2%.

DLF’s revenue from operations came in flat, rising 0.5% to ₹1,528.7 crore compared to ₹1,521.3 crore in the same period last fiscal, while net profit surged 61.2%.

The FMCG major reported a 14.3% year-on-year (YoY) dip in net profit at ₹498.3 crore for the third quarter ended December 31. Shares of Godrej Consumer Products Ltd ended at ₹1,128.60, down by ₹16, or 1.40%, on the BSE.

The asset quality of the subsidiary of South India-based Federal Bank showed a marked improvement. Shares of Fedbank Financial Services ended at ₹95.40, up by ₹0.35, or 0.37%, on the BSE.

DCB Bank reported a 23% YoY growth in advances and a 20% growth in deposits as of December 31, 2024. Shares of DCB Bank Ltd ended at ₹113.55, down by ₹1.85, or 1.60%, on the BSE.

Jammu & Kashmir Bank was penalised ₹3.31 crore for breaches of directions relating to financial inclusion, Know Your Customer (KYC) norms, and loans and advances.

The Q3 loss was due to early risk recognition and accelerated write-offs, positioning the company for normalised growth and profitability in the coming quarters. Shares of CreditAccess Grameen Ltd ended at ₹913.90, down by ₹59.10, or 6.07%, on the BSE.

The textile manufacturer’s EBITDA stood at ₹213.6 crore in Q3, down 18.8% from ₹263.1 crore in the year-ago period.
The FMCG major reported a 14.3% year-on-year (YoY) dip in net profit at ₹498.3 crore for the third quarter ended December 31. Shares of Godrej Consumer Products Ltd ended at ₹1,128.60, down by ₹16, or 1.40%, on the BSE.

Assets under management (AUM) increased 18.8% year-on-year to ₹2.54 lakh crore as of December 31, 2024, compared to ₹2.14 lakh crore in the same period last year.

The company posted its highest-ever quarterly crude steel production at 7.03 million tonnes (MT), higher by 2% year-on-year and 4% quarter-on-quarter. Saleable steel sales stood at 6.71 MT.