DLF gains after Q2 net rises 21%

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

Image
SI Reporter Mumbai
Last Updated : Nov 04 2015 | 1:07 PM IST
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.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 04 2015 | 1:05 PM IST

Next Story