DLF posts net profit rise after nine consecutive quarters of decline

by Paul Joseph on February 15, 2013 · 0 comments

DLF on Thursday announced a year-on-year increase in net profit for October-December quarter, after nine consecutive quarters of decline, but the real estate developer missed profit estimates. DLF announced that its net profit grew 10.1 per cent to Rs 284.80 crore in the three months to December 31, from Rs 258.35 crore in the corresponding period of the previous year. But the net profit figure was much down from analysts’ average estimate of Rs. 425 crore. read more

[via Stock Watch – Stock Specific News]

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