DLF Reports Mixed Q3 Results, Highlights Growth in PAT Amid Sales Decline

DLF, a prominent player in the construction and real estate sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a mixed performance, prompting an adjustment in evaluation.
On a positive note, the company achieved a Profit After Tax (PAT) of Rs 1,361.12 crore, reflecting a significant growth compared to the average PAT of the previous four quarters. Additionally, DLF's Debtors Turnover Ratio reached a notable 12.11 times, indicating improved efficiency in settling debts over the last five half-yearly periods.

Conversely, the financial results also reveal challenges for DLF. The Profit Before Tax (PBT), excluding other income, recorded a decline to Rs 267.35 crore, which is lower than the average PBT of the previous four quarters. Furthermore, net sales fell to Rs 1,528.71 crore, marking a decrease from the average sales figures of the prior quarters. The reliance on non-operating income, which constituted a significant portion of PBT, raises concerns about the sustainability of the business model.

In light of these developments, DLF's score has undergone a revision, reflecting the current financial landscape.

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