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Shares of realty firm DLF fell nearly 3 per cent today after the company reported 28 per cent decline in consolidated net profit during second quarter of the current fiscal.
Reacting to the results that were announced post market hours yesterday, the scrip made a weak opening and as the trade progressed, it further fell 2.81 per cent to Rs 145 on the BSE. On the NSE, the stock lost 2.68 per cent to Rs 145.10.
DLF had yesterday reported a 28 per cent fall in its consolidated net profit at Rs 100.05 crore during the second quarter of the current fiscal due to lower sales and higher interest and tax outgo.
The company had posted a net profit of Rs 138.51 crore in the year-ago period, DLF had said in a statement.
Income from operations declined four per cent to Rs 1,956.09 crore during July-September quarter of 2013-14 fiscal compared with Rs 2,039.54 crore in the corresponding period last fiscal.
Total expenses grew to Rs 1,527.22 crore during the second quarter of the current fiscal from Rs 1,476.89 crore in the year-ago period.
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