DLF’s FY12 consolidated net shrinks by 39%

31 May 2012

India’s largest real estate developer, DLF has reported results for the quarter and year ended March 31, 2012.

The company’s net profit for the fourth quarter ended March 31, 2012 plunged by 60.53% at Rs 290.87 crore as compared to Rs 736.94 crore for the quarter ended March 31, 2011. The company’s total income has decreased by 17.57% to Rs 1259.98 crore for the January-March quarter from Rs 1528.59 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2012, the company’s net profit dipped by 17.94% at Rs 1041.78 crore as compared to Rs 1269.58 crore for the previous year ended March 31, 2011. Its total income has increased by 10.19% to Rs 4582.67 crore for the year under review against Rs 4158.76 crore in the previous fiscal.

On consolidated basis, the Group’s net profit for the quarter ended March 31, 2012 shrunk by 38.56% at Rs 211.70 crore as compared to Rs 344.54 crore for the similar quarter of the previous year. Group’s total income has decreased by 4.26% to Rs 2747.45 crore for the quarter from Rs 2869.72 crore for the March quarter of the previous fiscal.

For the year ended March 31, 2012, the Group’s net profit declined by 26.74% at Rs 1200.82 crore as compared to Rs 1639.61 crore for the previous year. Group’s total income has increased marginally by 0.78% to Rs 10223.86 crore for the year from Rs 10144.45 crore a period ago.

DLF ‘s board of directors at its meeting held on May 30, 2012, has recommended a dividend of Rs 2 per equity shares on the face value of Rs 2 each subject to the shareholders' approval.

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