DLF posts Rs 219 cr net profit during Jan Mar quarter

New Delhi: Marking a turnaround, country's largest realty firm DLF on Thursday reported a consolidated net profit of Rs 219.68 crore for the quarter ended March 31 against a net loss of Rs 4.19 crore in the year-ago period.

Total income from operations fell by 11.5 percent to Rs 1,969.45 crore in the fourth quarter of last fiscal compared with Rs 2,225.55 crore in the corresponding quarter of previous year.

The company posted the net profit in March 2014 quarter on the back of sharp jump in other income at Rs 552.15 crore from Rs 93.24 crore during the period under review.

During 2013-14 fiscal, DLF's net profit declined to Rs 646.21 crore from Rs 711.92 crore in the previous year.

However, total income from operations increased to Rs 8,298.04 crore in last fiscal from Rs 7,772.84 crore in the financial year 2012-13.
source - web