DLF shares gain nearly 3% on higher Q2 net profit

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Mumbai | November 14, 2014 1:53 PM

DLF reported nine per cent increase in its consolidated net profit at Rs 109.06 crore for the second quarter.

Shares of realty firm DLF rose nearly three per cent today after the company reported nine per cent increase in consolidated net profit for the second quarter of this fiscal.

The scrip of the country’s largest realty firm gained 2.95 per cent to Rs 143 on the BSE.

On the NSE, it rose 2.61 per cent to Rs 143.

DLF had yesterday reported nine per cent increase in its consolidated net profit at Rs 109.06 crore for the second quarter of this fiscal on account of higher sales and lower expenses.

Its net profit stood at Rs 100.05 crore in the year-ago period.

Income from operations rose three per cent to Rs 2,013.15 crore during July-September quarter from Rs 1,956.09 crore in the corresponding period of the previous year, DLF had said in a filing to the BSE.

However, total income fell to Rs 2,135.59 crore for the quarter ended September 30, 2014 from Rs 2,224.61 crore in the year-ago period.

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