Shares of DLF were trading in the green and 2% above on 31 October after the company released its quarterly report for July-September.

The company reported a 31% year-on-year (YoY) jump in its net profit at Rs 622.8 crore against Rs 477 crore during the year-ago quarter.

Revenue from operations of the company saw a marginal increase to Rs 1,476 crore for the quarter under review against Rs 1,360 crore reported in the same quarter of the previous fiscal year.

The company’s EBITDA (earnings before interest, tax, depreciation and amortisation) during the quarter was at Rs 591 crore, whereas the surplus cash generation from operations was at Rs 1,147 crore.

During the quarter, the company sales booking touched Rs 2,228 crore with gross margins at 57% and has also achieved a cash-positive status during the same period.

In its regulatory filing, the company said, “We have delivered on our commitment to achieving a net debt zero position. We will continue to further strengthen our balance sheet through consistent cash generation.”

The company added, “We continue to see sustained demand momentum across all segments and hence keep a positive outlook on the housing cycle. Our new product launches that have been planned for the second half of the fiscal remain on track and we remain committed to bringing calibrated supply across our key markets and leveraging this growth cycle.”

At 12:14 pm, the shares of DLF were trading 1.01% above at Rs 56.05.