DLF's Q2 FY25 Net Profit Doubles; New Projects Announced, Coal India Profits Fall 22% to Rs 6,289 Crore

DLF reported a significant increase in net profit for the second quarter of FY25, doubling from previous figures. The company also announced new projects in Chennai and Gurugram, alongside a projected revenue of Rs 26,000 crore from a super-luxury project in Gurugram, driven by high demand. However, DLF faced challenges with a 69% decline in new sales bookings year-on-year during the same quarter. In contrast, Coal India reported a 22% drop in consolidated net profit for the September quarter, totaling Rs 6,289 crore, down from Rs 8,049 crore a year earlier. JSW Steel experienced a steep decline of 85.43% in consolidated net profit, reporting Rs 404 crore, attributed to lower income and sales realization. Meanwhile, Mahindra Lifespaces reported a consolidated net loss of Rs 14 crore, an improvement from a loss of Rs 19 crore in the same quarter last year. Other notable results included a decline in net profit for JK Cement by 22.52% to Rs 136.15 crore and a slight increase in net operating income for Mindspace Business Parks REIT by 5% year-on-year to Rs 503.7 crore.