DLF Q3 net profit up 10 pc at Rs 285 cr
- You told us go to hell, says Supreme Court, sends Subrata Roy to jail
- Special circumstances forced govt to take ordinance route: Salman Khurshid
- Nitin Gadkari-Raj Thackeray closeness could 'affect' alliance, hints Shiv Sena
- TRS wonât merge, Congress readies to walk alone in both Andhra and Bihar
- Smith announces sudden retirement, says fortunate to have had many highs
Realty major DLF Ltd today reported 10.23 per cent rise in consolidated net profit at Rs 284.80 crore for the third quarter ended December 31, 2012.
The company had posted a net profit of Rs 258.35 crore in the same period of previous fiscal.
Income from operations of the company, however, declined to Rs 1,310.04 crore in the third quarter, compared to Rs 2,034.37 crore in the same period of 2011-12 fiscal, DLF Ltd said in a BSE filing.
Shares of DLF today closed at Rs 253.95 on the BSE, down 1.76 per cent from their previous close.
India's DLF helped by one-off gain from plot of land
DLF Ltd, India's largest listed real estate developer, reported a 10.5 percent rise in quarterly net profit, helped by a one-time gain from the sale of non-core assets during the quarter ended Dec 31.
The New Delhi-based developer said consolidated net profit for its fiscal third quarter was 2.85 billion rupees compared with 2.58 billion rupees ($47.97 million) a year earlier.
In November, DLF concluded the sale of a 17-acre plot of land in Mumbai to private developer Lodha for 27 billion rupees, making a one-time, pre-tax gain of 8.4 billion rupees on the sale which boosted its overall profits.
Sales were down nearly 36 percent at 13.1 billion rupees over the same period.
Analysts expected the company to post net profit of 4.25 billion rupees.
($1 = 53.7850 Indian rupees)
- Russia tightens grip in Crimea, West threatens ‘consequences’
- Heavy patrolling in Sector 23 after thief leaves daring note
- Difference of opinion between Patil and UT’s senior standing counsel led to his resignation
- Commissioner to look into shady land deals in 35 villages: High Court
- Class X maths exam easy for some, tough for others
- Panchkula MC approves budget of Rs 39 crore