Real Estate major DLF announced a consolidated net profit of Rs 7,812.03 crore for the financial year ended March 31, a four-fold growth over the year-ago period.
The company had a net profit of Rs 1,933.65 crore in 2006-07 fiscal, DLF said in a filing to the Bombay Stock Exchange.
The total income rose to Rs 14,683.91 crore from Rs 4,053.3 crore in 2006-07.
The board has declared a dividend of 200%, at the rate of Rs 4 on shares of face value Rs 2 for 2007-08 fiscal.
For the year ended March 31, DLF reported a net profit of Rs 2,574.59 crore, a over six-fold rise over the year-ago period. The company had a net profit of Rs 406.91 crore in FY’07.
The standalone total income rose to Rs 6,058.46 crore in FY’08, from Rs 1,429.49 crore in the previous fiscal.
Shares of DLF were trading at Rs 574.15 at the BSE, down 1.43% in the early morning.
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Real estate developer DLF is learnt to be setting up a joint venture company with Italian leather and luggage accessory major Piquadro to hawk its products in India. This is part of the real estate major’s retail strategy to bring in some of the world’s leading premium brands across categories into the country.