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DLF reports marginal drop in net profit

DLF reports marginal drop in net profit
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First Published: Wed, May 25 2011. 12 30 AM IST
Updated: Wed, May 25 2011. 12 30 AM IST
New Delhi: India’s largest real estate company, DLF Ltd, reported a marginal drop of 4.8% in its net profit for the year ending 31 March 2011. Company’s consolidated net profit stood at Rs1,640 crore compared to Rs1,720 crore in FY10. The earnings per share for the year stood at Rs9.66 versus Rs10.13 in FY10.
However, for the quarter ending 31 March, firm’s net profit stood at Rs344.54 crore, a drop of 19% compared to Rs426.38 crore in the corresponding period in the previous fiscal. It reported consolidated revenue of Rs10,145 crore for the year ending 31 March 2011, an increase of 29% from Rs7,851 crore in the corresponding period in the previous fiscal.
EBIDTA stood at Rs4,337 crore, after adjusting for a one-time cost reset due to input price inflation of Rs475 crore.
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First Published: Wed, May 25 2011. 12 30 AM IST