DLF disclosed a sharp rise in consolidated net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 2.08 times to Rs 2,614.20 million from Rs 1,258.70 million in the same quarter last year.
Revenues for the quarter declined 19.62% to Rs 20,255.80 million, compared with Rs 25,200.20 million for the prior year period.
Operating margin for the quarter stood at 36.77 percent as compared to 34.48 percent for the previous year period. Operating Income for the quarter was Rs 7,448.40 million, compared with Rs 8690.2 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.46, registering 2.09 times growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 20,255.80 | 25,200.20 | (19.62) |
| Net Profit | 2,614.20 | 1,258.70 | 107.69 |
| Diluted EPS | 1.46 | 0.70 | 108.57 |
Shares of the company gained Rs 2.3, or 1.45%, to trade at Rs 160.60. The total volume of shares traded was 469,048 at the BSE (10.01 a.m., Tuesday).
