DLF first quarter profit rises 12% to Rs 527 crore; re-enters Mumbai market

Realty major DLF on Friday reported a 12 per cent rise in consolidated net profit to Rs 527 crore in the first quarter of this fiscal and announced its re-entry into the Mumbai property market to develop a housing project. The company's net profit stood at Rs 469.57 crore in the year-ago period. Total income rose marginally to Rs 1,521.71 crore in the April-June period of 2023-24 financial year from Rs 1,516.28 crore in the year-ago period, according to a regulatory filing.