DLF, India's largest realty company, soared 2% to Rs 208 on the BSE after posting a net profit of Rs 410 crore for the quarter ended March 31, 2014 compared to Rs 196 crore in the year-ago period.
Furthermore, the total income increased from Rs 1004 crore for the quarter ended March 31, 2013 to Rs 1076 crore for the quarter ended March 31, 2014.
On a consolidated basis, the company posted a net profit of Rs 220 crore for the quarter ended March 31, 2014 compared to net loss of Rs 4.2 crore for the quarter ended March 31, 2013. In addition, the total income increased from Rs 2319 for the quarter ended March 31, 2013 to Rs 2522 crore for the quarter ended March 31, 2014.
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The company posted a net profit of Rs 646.2 crore for the year ended March 31, 2014 as against Rs 712 crore for the year ended March 31, 2013. The total income also increased from Rs 9096 crore for the year ended March 31, 2013 to Rs 9790 crore for the year ended March 31, 2014.
The Board of Directors of the Company at its meeting recommended a dividend of Rs 2 per equity share on the face value of Rs 2 each, subject to the shareholders' approval.
The stock opened at Rs 201, touched a high of Rs 212 and a low of Rs 195.5 on the BSE. Over 14,284,266 shares were traded on both the stock exchanges so far.