D L F said a steep drop in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 29.48% to Rs 1,277.70 million from Rs 1,811.90 million in the same quarter last year.
Net sales for the quarter declined 25.45% to Rs 17,251.70 million, compared with Rs 23,140.80 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.72, registering 30.77% decline over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 17,251.70 | 23,140.80 | (25.45) |
| Net Profit | 1,277.70 | 1,811.90 | (29.48) |
| Basic EPS | 0.72 | 1.04 | (30.77) |
Shares of the company gained Rs 3.1, or 1.56%, to trade at Rs 201.50. The total volume of shares traded was 1,291,899 at the BSE (1.16 p.m., Friday).
