#Results: DLF posts Rs 481 cr net profit in Q4; appoints Ashok Tyagi, Devinder Singh as CEOs

PTIUpdated: Friday, June 11, 2021, 11:02 PM IST
article-image
For the entire 2020-21 financial year, DLF posted a net profit of Rs 1,093.61 crore as against a net loss of Rs 583.19 crore in FY20. |

Realty major DLF on Friday reported a consolidated net profit of Rs 480.94 crore for the quarter ended March.

It also appointed Ashok Tyagi and Devinder Singh as the new CEOs of the company.

DLF had posted a net loss of Rs 1,857.76 crore in the year-ago period.

Total income rose to Rs 1,906.59 crore in the fourth quarter of 2020-21 from Rs 1,873.80 crore earlier, according to a regulatory filing.

For the entire 2020-21 financial year, DLF posted a net profit of Rs 1,093.61 crore as against a net loss of Rs 583.19 crore in FY20.

Total income fell to Rs 5,944.89 crore last fiscal from Rs 6,888.14 in the 2019-20 financial year.

DLF's board has entrusted additional responsibilities upon Ashok Kumar Tyagi and Devinder Singh, both of whom are whole-time directors, by re-designating them as chief executive officers and whole-time directors of the company with immediate effect, it said.

The board has also "co-opted Savitri Devi Singh and Anushka Singh as additional directors of the company with immediate effect, subject to the approval of shareholders."

Both Savitri Devi Singh and Anushka Singh are daughters of DLF Chairman Rajiv Singh.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Chicago shooting: 6 killed, 30 hurt at Independence Day parade; 22 -year-old arrested

Chicago shooting: 6 killed, 30 hurt at Independence Day parade; 22 -year-old arrested

Mumbai: Family allege foul play after 30-year-old found dead in Goregaon

Mumbai: Family allege foul play after 30-year-old found dead in Goregaon

Daily Horoscope for Tuesday, July 5, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Daily Horoscope for Tuesday, July 5, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Bhendi Bazaar Redevelopment Project: MHADA out of reserve space for lottery-drawn surplus houses

Bhendi Bazaar Redevelopment Project: MHADA out of reserve space for lottery-drawn surplus houses

Maharashtra Assembly: NCP's Ajit Pawar elected as Leader of opposition

Maharashtra Assembly: NCP's Ajit Pawar elected as Leader of opposition