DLF shares down almost 6% on disappointing Q3 earnings

Shares of realty firm DLF today plunged almost 6 per cent after the company reported a 9 per cent decline in consolidated net profit for the quarter ended December 31, 2014.
DLF's scrip tumbled 5.91 per cent to Rs 148 on the BSE.
On the NSE, it was down 5.79 per cent to Rs 148.
The stock was the biggest loser among the 50-Nifty scrips.
The company's result came in post market hours yesterday.
India's largest realty firm DLF had yesterday reported 9 per cent decline in consolidated net profit at Rs 131.79 crore for the quarter ended December due to fall in sales as well as other income.

Its net profit stood at Rs 145.29 crore in the year-ago period, DLF had said in a filing to the BSE.

Income from operations fell by 5 per cent at Rs 1,956.72 crore for the third quarter of this fiscal from Rs 2,058.42 crore in the corresponding period of the previous year.
Total income declined by 20 per cent to Rs 2,079.82 crore for the quarter ended December 31, 2014, from Rs 2,590.2 crore for the quarter ended December 31, 2013.
Besides lower sales, DLF's net profit fell because its other income dropped by 77 per cent to Rs 123.1 crore during October-December quarter of this fiscal from Rs 531.78 crore in the year-ago period.