March Quarter End- DLF reports Rs 219.68 Crore net profit
The quarter which ended on 31 March, 2014 brought good news to the investors and leadership of the country’s largest realty firm DLF. On Thursday they declared their quarter results which show a consolidated net profit of Rs. 219.68 crore. A year ago in the same quarter they had reported a net loss of Rs 4.19 crore.
In the fourth quarter of last fiscal of 2012-2013, the total income from operations fell by 11.5% to Rs. 1,969.45 Crore. And in the fiscal year before that, in 2011-2012, the total income was Rs. 2,225.55 Crore in the fourth quarter. In the financial year 2012-13, total income from operations was Rs. 7,772.84 Crore, however the total income from operations increased in the fiscal of 2013-2014 and reached up to Rs. 8,298.04 Crore.
The company’s sources declared 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.
The fiscal year of 2012-2013 was better in terms if profits for the company as they had a net profit of Rs. 711.92 Crore. However in the fiscal of 2013-2014, it has declined to Rs. 646.21 Crore.
Source- Mint
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