New Delhi :  India’s largest realty firm DLF reported 5 per cent decline in consolidated net profit at Rs 121.55 crore for the quarter ended June on higher finance cost. Its net profit stood at Rs 127.70 crore in the year ago period.

Income from operations, however, rose to Rs 2,231.15 crore in the first quarter of this fiscal from Rs 1,725.17 crore in the corresponding period of the previous year.

Finance cost increased to Rs 604.32 crore from Rs 558.10 crore during the period under review.

On standalone basis, the company posted a net loss of Rs 101.88 crore for the quarter ended June 30, 2015, against a net profit of Rs 72.64 crore in the year-ago period.

DLF has a land bank of about 300 million sq ft of which nearly 50 million sq ft is under construction.

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Free Press Journal