DLF has increased its net debt by 1,021 crore in the second quarter of FY17 to Rs 23,140 crore. In order to reduce debt significantly, DLF promoters are selling their 40% stake in the company's rental arm DLF Cyber City Developers (DCCDL). Meanwhile, the company has reported marginal fall of 0.04% in its consolidated net profit at Rs 206.09 crore for the quarter ended September 30, 2016 as compared to Rs 206.18 crore for the same quarter in the previous year.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 288 million square feet (approximately) of development potential with 45 million square feet of projects under construction.
