DLF’s Q2 net profit Rs 206.09 crore
Subsequent to the September quarter, the company has sold certain fixed assets with carrying value of Rs 53.71 crore for Rs 11.46 crore.
By ET Bureau | Updated:
MUMBAI: Realty developer DLF has reported marginal on-year decline in consolidated net profit of Rs 206.09 crore for the quarter ended September. Income from operations for the quarter rose 1.5 per cent to Rs 2070.67 crore, the company said in a regulatory filing. DLF’s net profit stood at Rs 206.18 crore in the year-ago period.
The company’s finance cost fell to Rs735 crore from Rs 740 crore a year ago. Tax expenses including deferred tax for the quarter declined to Rs 69 crore from Rs 117.69 crore.
Subsequent to the September quarter, the company has sold certain fixed assets with carrying value of Rs 53.71 crore for Rs 11.46 crore and has recognized a provision of Rs 42.25 crore on account of impairment loss, DLF said.
On Friday, shares of DLF closed at Rs 114.90 on the Bombay Stock Exchange, up 1.4 per cent over previous close.
The company’s finance cost fell to Rs735 crore from Rs 740 crore a year ago. Tax expenses including deferred tax for the quarter declined to Rs 69 crore from Rs 117.69 crore.
Subsequent to the September quarter, the company has sold certain fixed assets with carrying value of Rs 53.71 crore for Rs 11.46 crore and has recognized a provision of Rs 42.25 crore on account of impairment loss, DLF said.
On Friday, shares of DLF closed at Rs 114.90 on the Bombay Stock Exchange, up 1.4 per cent over previous close.
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