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DLF net profit plummets 46% to Rs 98 cr

Total income fell to Rs 2,178 crore, against Rs 3,110 crore in the year-ago period

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Workers walk past a billboard of DLF Ltd. at Gurgaon on the outskirts of New Delhi

Last Updated : Feb 15 2017 | 2:16 AM IST

DLF, the country’s largest property developer by market capitalisation, posted a 46 per cent drop in its net profit for the third quarter of the current financial year. The net profit stood at Rs 98.1 crore, against Rs 182.1 crore in the year-ago period.

Its total income fell 30 per cent to Rs 2,178 crore, against Rs 3,110 crore in the year-ago period. Its interest charges went up 13 per cent to Rs 758.6 crore against Rs 670.6 crore in the year-ago period.

Responding to the stake sale in its rental arm DLF Cyber City Developers (DCCDL), it said the discussion with

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