DLF’s Q1 consolidated net profit declines 30%

DLF has reported results for first quarter ended June 30, 2014.

The company’s net profit has declined 51.62% at Rs 72.64 crore as compared to Rs 150.16 crore for the quarter ended June 30, 2013. Its total income has decreased by 26.54% to Rs 762.38 crore for the quarter under review from Rs 1037.83 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 29.52% fall in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 127.70 crore for the quarter as compared to Rs 181.19 crore for the same quarter in the previous year. Its Total income has decreased by 24.52% at Rs 1851.60 crore for quarter under review as compared to Rs 2453.18 crore for the quarter ended June 30, 2013.