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DLF Group Chairman Mr. Kushal Pal Singh is the 3rd Indian Trillionaire

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As reported by the sources at the www.propertykhazana.com the Chairman of the DLF Group Mr. Kushal Pal Singh grown to be the 3rd Trillionaire in India with the shares of the company fetching whooping profits. Meantime, the Delhi based DLF witnessed a monstrous Rs. 1525 Crores in the 1st quarter of the financial year 2007 which is only considered to be the accounting profits and similarly the group is working out on the negative cash flows while the accounting profits is yet to be entered into the ledgers.
In the 1st quarter the group recorded a negative cash flow of about Rs. 2270 crores and as said by the sources the miscellaneous debt soared up to 150% in the 1st quarter and stands more than 4 times of the total sales during the quarter.
With DLF relying on the advance bookings to set such huge records in the market many key players arer fallowing the foot steps of the DLF. Market experts say that the Initial Public Offer (IPO) played a vital role in the cash flow and the company has totally managed with about Rs. 9625 crores in the year 2007.
Further DLF declared cent percent dividend for the new IPO holders as well its share holders and the assorted debtors and the increase in the inventory reported about 85% of the net sales which is Rs. 3075 crores. Adding to this the whole thing went in favor of the DLF at the stock market and the unbeaten bid for the Dwaraka Convention Centre supported with about 5% and expected to be more in the years 2010 and 2011.
By this DLF is accredited with the status of being India’s the best realty company and the portfolio of about 575 Million Sq.Ft is an indication for the successful saga of the company.
Source: NBTVLIVE

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