DLF is trading lower by 2% at Rs 145 in early morning deals on NSE after reporting 28% year on year (yoy) decline in consolidated net profit at Rs 100 crore for the second quarter ended September 2013 (Q2), due to poor sales, high interest cost and higher effective tax rate during the quarter. The realty major had posted profit of Rs 139 crore in a year ago quarter.
Income from operations declined by 4% at Rs 1,956 crore during the quarter ended September this year, compared with Rs 2,040 crore in the corresponding period last fiscal year.
Finance cost increased to Rs 609 crore from Rs 522 crore, while tax outgo more than doubled to Rs 85 crore from Rs 39 crore during the period under review.
Income from operations declined by 4% at Rs 1,956 crore during the quarter ended September this year, compared with Rs 2,040 crore in the corresponding period last fiscal year.
Finance cost increased to Rs 609 crore from Rs 522 crore, while tax outgo more than doubled to Rs 85 crore from Rs 39 crore during the period under review.
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