DLF shares surge; earnings beat estimates

Reuters Market Eye - Shares in DLF gain 3 percent after the company's April-June earnings came in higher than expectations.

DLF, which builds homes, offices and shopping malls, said late on Monday net profit for the June quarter was 1.81 billion rupees, compared with 2.93 billion rupees a year earlier and above expectations of 1.23 billion rupees.

DLF's operating profit for the quarter was also higher than expectations, analysts said.

(Reporting by Abhishek Vishnoi)