DLF’s Q1 net profit down 55 percent

August 2nd, 2011 - 9:56 pm ICT by IANS  

Mumbai, Aug 2 (IANS) Real estate major DLF Tuesday reported a 55 percent dip in its net profit for the first quarter of 2011-12 at Rs.92.64 crore as compared to Rs.205.1 crore in the like period of last fiscal.

“The company has posted a net profit of Rs.926.40 million for the quarter ended June 30, 2011 as compared to Rs.2051.00 million for the quarter ended June 30, 2010,” the company said in a regulatory filing to Bombay Stock Exchange (BSE).

According to the filing, the total income of the real estate developer increased by 4 percent at Rs.845 crore as against Rs.814.52 crore for the quarter ended June 30, 2010.

The consolidated group net profit of the company declined by 13 percent at Rs.358.36 crore in the first quarter as compared to Rs.4,11.03 crore for first quarter of 2010-11.

The total consolidated income Rs.2,503.23 crore as against Rs.2,160.63 in the like period of 2010-11.

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