DLF shares up 2.5 pc as Q1 net jumps over two-fold

Shares of realty firm DLF today rose by almost 2.5 per cent after the company reported more than two-fold jump in consolidated net profit for the quarter ended June 30.
The scrip gained 2.46 per cent to settle at Rs 162.20 on BSE. During the day, it surged 3.25 per cent to Rs 163.45.
At NSE, shares of the company jumped 2.43 per cent to end at Rs 162.15.
India's largest realty firm DLF yesterday reported more than two-fold jump in consolidated net profit to Rs 261.42 crore for the quarter ended June 30, helped by sale of its cinema business to PVR.

Its net profit had stood at Rs 125.87 crore in the April- June quarter of last financial year.
Income from operations fell by 22 per cent to Rs 1,867.46 crore during the first quarter of the current fiscal, from Rs 2,388.72 crore in the year-ago period.
DLF's total income declined to Rs 2,025.58 crore for the quarter ended June, 2016-17, from Rs 2,520.02 crore in the year-ago period.