DLF net profit down 71 percentFebruary 2nd, 2009 - 1:03 pm ICT by IANS
Mumbai, Feb 2 (IANS) Realty major DLF’s net profit has dipped 70.6 percent to Rs.1.78 billion (Rs.178 crore) for the quarter ended Dec 31, as compared to Rs.6.05 billion (Rs.605 crore) in the corresponding period last year.Total income was down 62.29 percent to Rs.6.83 billion (Rs.683 crore) till Dec 31 as compared to Rs.18.12 billion (Rs.1,812 crore) in the year-ago period, the company said in a regulatory statement.
Consolidated net profit for the group decreased 68.72 percent to Rs.6.7 billion (Rs.670 crore) for the quarter ended Dec 31 from Rs.21.44 billion (Rs.2,144 crore) in the corresponding period last year.
Consolidated net income was also lower for the period under review at Rs.15.02 billion (Rs.1,502 crore) compared to the earlier Rs.36.51 billion (Rs.3,651 crore).
The DLF scrip took a plunge on the Bombay Stock Exchange and was ruling 10.36 percent lower Monday than its previous close, around 11 a.m.