India's largest realty firm DLF today reported 22 per cent decline in its consolidated net profit at Rs 171.62 crore for the quarter ended March 2015 mainly due to higher tax expenses and fall in other income.
Its net profit stood at Rs 219.68 crore in the year-ago period, DLF said in a statement.
Income from operations fell marginally to Rs 1,953.69 crore in the fourth quarter of last fiscal from Rs 1,969.45 crore in the corresponding period of the previous year.
Net profit fell during the quarter ended March due to fall in other income to Rs 147.47 crore, from Rs 552.15 crore in the year-ago period.
Tax expenses were at Rs 76.73 crore during January-March quarter against gains of Rs 67.84 crore in the year-ago period.
During the full 2014-15 fiscal, DLF's net profit declined to Rs 540.24 crore from Rs 646.21 crore in the year-ago period.
Total income from operations declined to Rs 7,648.73 crore in last fiscal from Rs 8,298.04 crore in the 2013-14 financial year.
DLF's share price closed at Rs 123.35 apiece on the BSE, down 0.68 per cent from previous closing.
Delhi-based company has a land bank of about 300 million sq ft, of which about 50 million sq ft is under construction.
DLF had a net debt of Rs 20,336 crore at the end of December last year.
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