DLF shares up 3% post earnings

Shares of realty firm DLF today ended nearly 3 per cent higher after the company reported consolidated net profit of Rs 219.68 crore for the fourth quarter ended March, 2014.
The scrip of the country's largest realty firm ended at Rs 209.80, up 2.97 per cent, on the BSE. During the day, the stock had soared 4 per cent to Rs 212.
At the NSE, DLF shares settled 2.97 per cent higher at Rs 209.80.
On the volume front, 24.62 lakh shares of the company changed hands on the BSE, while over two crore shares were traded on the NSE during the day.

Making a turnaround, DLF yesterday reported consolidated net profit of Rs 219.68 crore for the January-March quarter on account of gains from sale of hotel chain Amanresorts for around Rs 2,200 crore.
The company had registered a net loss of Rs 4.19 crore in the year-ago period.
Total income from operations fell by 11.5 per cent to Rs 1,969.45 crore during the quarter, from Rs 2,225.55 crore in the year-ago period.
DLF posted net profit in March, 2014 quarter helped by a sharp jump in other income to Rs 552.15 crore from Rs 93.24 crore in the year-ago period.