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May 30, 2012, 11.14 PM IST
DLF, India's leading real estate developer, reported a 39% fall in net profit, weighed down by high interest costs and slowing house sales.
DLF reported consolidated net profit of Rs 212 crore for the quarter ended March compared with Rs 344 crore a year ago. Revenue was down 2% at Rs 2620 crore. Analysts on average expected the company to post a net profit of Rs 276 crore on revenues of Rs 2350 crore , Thomson Reuters I/B/E/S showed. Shares in DLF closed 2.52% lower at Rs 183.45 before the results in a weak Mumbai market.
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