DLF Limited cuts net debt by Rs 2,500 crore after selling Amanresorts

Feb 15 2014, 17:35 IST
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DLF Limited's current net debt is at Rs 17,400 crore. DLF Limited's current net debt is at Rs 17,400 crore.
SummaryDLF Ltd has reported a 49 pct drop in net profit to Rs 145.29 crore for Oct-Dec quarter.

current economic outlook, the general demand including that for real estate product would continue to be soft in the near term. "In the best case scenario, we can expect slow tapering of interest rates".

Yesterday, DLF reported a 49 per cent drop in consolidated net profit to Rs 145.29 crore for the October-December quarter of this fiscal due to one-time provision of loss related to the settlement with DDA.

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