DLF shares slump 7 per cent as Q3 profit slides
DLF yesterday reported a 46 per cent decline in its consolidated net profit at Rs 98.14 crore.
By : DC Correspondent
Update: 2017-02-15 07:52 GMT
New Delhi: Shares of realty major DLF slumped nearly 7 per cent today after the company reported a 46 per cent decline in consolidated net profit for the quarter ended December.
The stock tanked 6.61 per cent to Rs 137.75 on BSE. At NSE, shares of the firm declined by 6.71 per cent to Rs 137.55.
DLF yesterday reported a 46 per cent decline in its consolidated net profit at Rs 98.14 crore for the quarter ended December on lower sales and higher finance cost.
Its net profit stood at Rs 182.11 crore in the year-ago period, the company said in a regulatory filing.
Income from operations, or net sales, fell by 30 per cent to Rs 2,057.92 crore in the third quarter, from Rs 2,949.54 crore in the corresponding period of the previous year.