DB Realty has reported a 41.24% decline in consolidated net profit at Rs 9.12 crore for the quarter ended September 30, following fall in sales. The real estate firm had registered a net profit of Rs 15.52 crore in the corresponding quarter last year. Total sales dipped 68.39% to Rs 52.74 crore in the second quarter from Rs 166.84 crore in the year-ago period.
The company's portfolio consists of 95 million sq ft of prime property across 36 projects, most of them in and around Mumbai.