New Delhi: India's largest realty firm DLF today reported a 39 per cent fall in its consolidated net profit at Rs 211.70 crore for the quarter ended March 31, 2012, on high interest outgo.
The company had posted a net profit of Rs 344.54 crore in the year-ago period.
The total income from operations declined marginally to Rs 2,616.78 crore in the fourth quarter of 2011-12 fiscal as against Rs 2,683.09 crore in the corresponding period of previous year, DLF said in a filing to the BSE.
The interest outgo in the fourth quarter increased to Rs 603.89 crore from Rs 455.70 crore in the year-ago period. As on December 31, 2011, DLF had a debt of over Rs 22,000 crore.
In 2011-12 fiscal, the net profit fell by 27 per cent to Rs 1,200.82 crore from Rs 1,639.61 crore in the previous year.
The income from operations, however, rose to Rs 9,629.38 crore in 2011-12 from Rs 9,560.57 crore in the previous fiscal.
Source: http://www.financialexpress.com/news/dlf-q4-net-profit-down-39-at-rs-211-cr/955761/
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