DLF shares rally 8% after reporting 122% YoY jump in Q2 PAT. Should you invest?
DLF on Monday rallied 8% to an intraday high of Rs 839.55 on the BSE after reporting a consolidated net profit of Rs 1,381 crore for the quarter ended September 30, 2024, versus Rs 623 crore posted in the year-ago period.
This was a 122% jump on an year-on-year basis.
The revenue from operations in the reported quarter stood at Rs 1975 crore, up 46% over Rs 1,348 reported by the realtor in the year-ago period.
On a sequential basis, the net profit was up 114% in the reporting quarter versus Rs 646 crore reported in the previous quarter. Meanwhile, the revenue from operations grew by 45% in Q2FY25 against Rs 1,362.35 crore in the April-June quarter of FY25.
Here is how analysts viewed the second quarter results:
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