DLF tanks over 5% on Q3 results

Posted By: Religare
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DLF tanks over 5% on Q3 results
Shares of DLF, India's largest real estate firm, plummeted by over 5 per cent in the early trade after the telecom giant reported lower-than-expected third quarter numbers.

DLF, reported a profit after tax of Rs 258 crore in the October-December quarter of FY12, a massive fall of 30.65% as compared to Rs 372 crore in the previous quarter.

EBITDA declined 2.6% to Rs 1,184 crore from Rs 1,216 crore during the same period. Consolidated revenues too fell 21% to Rs 2,034 crore from Rs 2,577 crore QoQ.

Reacting to the disappointing numbers, shares of the company touched a weekly low of Rs 218.80 and were currently trading at Rs 225.05 a piece, down 2.45 per cent at 10:37 hours on BSE.

In a similar fashion, shares of the company were trading at Rs 225.35, down 2.40 per cent on the National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 17736.22 down by 12.47 points or 0.07%.

Dion Global Solutions Ltd

Read more about: dlf, bse, results, revenues
Story first published: Monday, February 13, 2012, 13:36 [IST]
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