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DB Realty reports 41% fall in Q2 consolidated net profit

12 Nov 2012 Evaluate

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.

Peers
Company Name CMP
Lodha Developers 1070.10
Prestige EstatesProj 1425.00
Dilip Buildcon 398.00
DLF 621.00
Oberoi Realty 1668.30
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