DLF reports over 2-fold jump in Q1 consolidated net profit

30 Aug 2016

DLF has reported results for the first quarter ended June 30, 2016.

The company has reported a net profit at Rs 67.46 crore for the quarter ended June 30, 2016 as against a net loss of Rs 42.33 crore for the same quarter in the previous year. Total income of the company increased 38.42% to Rs 907.76 crore for the quarter under review from Rs 655.80 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit after taxes, minority interest and share of profit of associates and jointly controlled entities at Rs 261.42 crore for the quarter ended June 30, 2016 as compared to Rs 125.87 crore for the same quarter in the previous year. However, total income of the company decreased by 19.62% to Rs 2025.58 crore for quarter under review from Rs 2520.02 crore for the quarter ended June 30, 2015.

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