DLF Cyber City Developers (DCCDL), a joint venture between DLF and Singapore's sovereign wealth fund GIC, has reported 14% rise in office rental income at Rs 801 crore for Q2FY23 as compared to Rs 701 crore in the year-ago period. Retail revenue increased by 54% to Rs 184 crore from Rs 120 crore. Total rental income rise 20% to Rs 986 crore during July-September period of 2022-23 fiscal, from Rs 821 crore in the year-ago period.
On the financial front, the DCCDL's total revenue increased 22% at Rs 1,369 crore in the second quarter of this fiscal from Rs 1,123 crore in the year-ago period. Net profit rose 54% at Rs 355 crore as compared to Rs 231 crore.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
