DLF net falls 13% on expenses

The country's largest real estate company DLF Ltd today reported a 12.81% decline in its consolidated net profit for the first quarter ended June 30 at Rs 358.36 crore.

India’s largest real estate developer DLF reported a 13% decline in its net profit at Rs 358 crore for the April-June quarter on account of higher expenditure and finance charges. The company had posted a net profit of Rs 411 crore in the corresponding period last fiscal.The consolidated sales of the company were up by 21% at Rs 2,446 crore as compared to Rs 2,029 crore in the year-ago period.

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