DLF posts Rs 481 cr profit in Q4; names Ashok Tyagi, Devinder Singh as CEOs

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor