DLF Q4 net plunges 39% to Rs 211 cr

DLF, a real esate company, posted a 39% drop in consolidated net profit at Rs 211 crore for the quarter ended March 2012, on high interest outgo. It was Rs 344 crore for the same period a year ago.

The consolidated total income dipped 4% to Rs 2,747 crore as against Rs 2,870 crore in January-March 2011.

The interest outgo in the fourth quarter increased to Rs 603.89 crore from Rs 455.70 crore in the year-ago period. As on December 31, 2011, DLF had a debt of over Rs 22,000 crore.

For the fiscal year ended March 2012, DLF's net profit declined 27% to Rs 1,201 crore from Rs 1,640 crore in FY11.

However, the company posted a marginal increase in total income at Rs 10,224 crore as against Rs 10,144 crore in the previous fiscal.

 

The board of directors announces a dividend of Rs 2 per share.

The scrip was trading 2.5% down at Rs 183 at the time of Sensex closing on Wednesday.