DLF gains after Q2 net rises 21%

Net profit for September 2015 quarter rose 21% to Rs 131.5 crore

Shares of DLF were up nearly 3% at Rs 124 after the company's net profit for the quarter ended September 30, 2015 increased nearly 21% to Rs 131.5 crore compared with Rs 109 crore in the same quarter last fiscal on the back of lower expenses.

Total expenses for the quarter declined to Rs 1,071.1 crore compared with Rs 1,356.5 crore in the quarter ended September 30, 2014.

However, income from operations in the quarter under review declined to Rs 1,865.5 crore compared with Rs 2,013 crore in the quarter ended September 30, 2014.

The stock opened at Rs 125 and touched a high of Rs 126. At 1:05pm, over 12 million shares were traded on both the stock exchanges.