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Construction : Web Exclusive | February 2013 | Source : Construction Update

DLF's net profit up marginally to Rs 285 cr

DLF has reported a marginal rise in its consolidated net profit at Rs 284.80 crore for the third quarter ended December 31 as against Rs 258.35 crore in the same period a year ago. Total income decreased to Rs 2,291.25 crore (Rs 2,396 crore). For the nine-months ended December, the company’s profit stood at Rs 716 crore compared with Rs 987 crore in the previous year. Net debt declined by Rs 1,870 crore.

The realty major had recently sold its Gujarat wind energy business for Rs 282 crore to Bharat Light and Power. In August last year, DLF had sold a 17-acre land parcel in Mumbai to Lodha Developers for Rs 2,727 crore.

In December, it announced sale of Aman Resorts back to founder Adrian Zecha for about Rs 1,650 crore. DLF had put these properties on the block, as part of its plans to exit from non-core ventures and focus only on the property business.

 
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