DLF stock gains nearly 5% as Q2 net profit rises

MUMBAI: Shares of DLF today rose by nearly 5 per cent after the company reported 21 per cent rise in consolidated net profit for the quarter ended September 30.

The stock gained 4.53 per cent to Rs 125.60 on BSE. On NSE, it was up 4.66 per cent at Rs 125.70.

India's largest realty firm DLF yesterday reported 21 per cent rise in consolidated net profit at Rs 131.50 crore for the quarter ended September mainly on lower expenses.

Its net profit stood at Rs 109.06 crore in the year-ago period, DLF had said in a BSE filing.

However, income from operations fell by 7 per cent to Rs 1,865.49 crore during July-September quarter of this fiscal from Rs 2,013.15 crore in the corresponding period of the previous year.

Total income decreased by 6 per cent to Rs 1,997.02 crore from Rs 2,135.59 crore in the review period.