DLF Rallies on Smart Jump in Profits

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, November 14, 2014, 13:17 [IST]

Shares of realty firm DLF rose sharply after the company reported a decent growth in net profits which surpassed expectations.

The stock was up 2 per cent in trade.

DLF reported a net profit at Rs 100.05 crore in the year-ago period. Income from operations rose three per cent to Rs 2,013.15 crore during July-September quarter from Rs 1,956.09 crore in the corresponding period of the previous year, DLF had said in a filing to the BSE. However, total income fell to Rs 2,135.59 crore for the quarter ended September 30, 2014 from Rs 2,224.61 crore in the year-ago period.

With inputs from PTI