Luxury Real Estate Boom in India Buoys DLF’s Profit to Six-Year High – Bloomberg

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DLF Ltd., India’s most-valuable property firm, reported its best quarterly profit in six years as it sold more houses amid a boom in the South Asian nation’s real estate market.

The New Delhi-based company reported a 27% jump in profit to 6.57 billion rupees ($79 million) in the three months to Dec. 31, the highest since 2017, according to an exchange filing on Wednesday. However, the numbers missed the average analyst estimate of 7.21 billion rupees. Annual profit for the year ended March 31, 2024 is still set to be the highest since the 2018 financial year, according to Bloomberg consensus estimates.

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