 "DLF slumps 3% on drop in Q3 net profit")
It had a profit of Rs 145 crore a year ago. The finance cost increased to Rs 648 crore from Rs 633 crore a year ago. The income from operations fell by 5% to Rs 1,957 crore for the quarter ended December from Rs 2,058 crore a year ago.
“We expect the sales volume in the residential segment to reach normal volumes in 12 to 18 months. The rental business, a leading indicator of demand, continues to grow at the targeted pace,” DLF said.
The stock opened at Rs 152 and touched a low of Rs 148 on the BSE. A total of 3,03,319 shares changed hands on the BSE so far.
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