DLF Q2 net profit rises 21% to Rs 131.50 cr

India's largest realty firm DLF today reported 21 per cent increase in its consolidated net profit at Rs 131.50 crore for the quarter ended September on lower expenses.
Its net profit stood at Rs 109.06 crore in the year-ago period, DLF said in a BSE filing.
However, income from operations fell by 7 per cent to Rs 1,865.49 crore during July-September quarter of this fiscal from Rs 2,013.15 crore in the corresponding period of the previous year.
Total expenses fell to Rs 1,071.13 crore from Rs 1,356.52 crore during the period under review.
DLF shares rose by 1.26 per cent to settle at Rs 120.15 apiece on BSE.

The firm has a land bank of about 300 million sq ft, of which nearly 50 million sq ft is under construction.