The country?s largest real estate firm DLF on Wednesday reported a fall of 30.25% in its consolidated net profit for the October-December quarter at Rs 467.89 crore. The company had posted a net profit of Rs 670.79 crore during the same period of 2008-09. The company?s consolidated revenue during the period, however, rose 43% at Rs 2,152 crore from Rs 1,503 crore during the same period of last year.
The company?s Ebidta rose to Rs 969 crore compared to Rs 908 crore in the corresponding period of last year. DLF said that it realised approximately Rs170 crore during the quarter from sale of non-core assets, taking the total divestment in FY10 to Rs 1,234 crore. The company said that it continues to focus on sales/ launch of mid income housing projects on a pan India basis. Commenting on the results Rajiv Singh, vice chairman, DLF Ltd said, ?With the economy on path of recovery, we witnessed renewed demand for luxury / high end housing, in addition to stable demand for residential homes. Overall though we remain cautious, we are on track to meet our targets in current fiscal.?