Friday, May 1, 2009

DLF Q4 Net Sinks 93% to Rs 159 Cr

. Friday, May 1, 2009

By stockOzone team

India's largest realty firm DLF on Friday said its net profit has plunged by 92.69 per cent to Rs 159.05 crore for the quarter ended March 31, 2009.

The company's profit stood at Rs 2,176.82 crore in the year-ago period.

Net sales dipped by 73.94 per cent at Rs 1,122.32 crore for the fourth quarter of 2008-09 fiscal as against Rs 4,306.54 crore in the corresponding period of the previous fiscal, DLF said today in a filing on the National Stock Exchange.

On standalone basis, DLF's net profit dipped sharply by 95.32 per cent at Rs 29.86 crore for the quarter ended March 31, 2009 compared to Rs 638.55 crore in the year-ago period.

Net sales fell by 96.56 per cent to Rs 55.53 crore for the fourth quarter of 2008-09 fiscal against Rs 1,613.32 crore in the corresponding period of the previous fiscal.

Disclosure: Author does not own any of the stocks discussed here.





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