DLF advances 2% on reporting profit in Q1
The realty major had reported a net loss of Rs 42.33 crore in the corresponding quarter last year. The stock rose 1.98 per cent to hit a high of Rs 161.45 on BSE.
By ET Online | Updated:
NEW DELHI: Shares of DLF climbed nearly 2 per cent in Tuesday’s trade after the company late Monday reported a net profit of Rs 67.46 crore for the June quarter.
The realty major had reported a net loss of Rs 42.33 crore in the corresponding quarter last year. The stock rose 1.98 per cent to hit a high of Rs 161.45 on BSE.
The company said net sales climbed 39.55 per cent to Rs 676.17 crore for the June quarter compared with Rs 484.54 crore reported for the year-ago quarter. That said, operating profit margins ( OPMs) contracted to 29.64 per cent in June quarter from 33.07 per cent in the same quarter a year ago.
The realty major had reported a net loss of Rs 42.33 crore in the corresponding quarter last year. The stock rose 1.98 per cent to hit a high of Rs 161.45 on BSE.
The company said net sales climbed 39.55 per cent to Rs 676.17 crore for the June quarter compared with Rs 484.54 crore reported for the year-ago quarter. That said, operating profit margins ( OPMs) contracted to 29.64 per cent in June quarter from 33.07 per cent in the same quarter a year ago.
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