DLF's quarterly profit down 5%

The company said that net profit for the April to June quarter was 1.22 billion rupees

DLF Ltd, India's biggest listed property developer, posted a 5 percent slide in quarterly net profit amid a market slump due to weaker economic growth.

New Delhi-based DLF said that net profit for the April to June quarter was 1.22 billion rupees ($18.7 million), compared with 1.28 billion rupees a year ago.

($1 = 65.2386 rupees)