Shares of DLF were down in early trades after the realty major late Thursday reported weak earnings for the fourth quarter ended March 31, 2013 because of lower sales.
The company reported standalone net profit of Rs 196 crore, down nearly 33% compared to Rs 291 crore in the same quarter last fiscal. Total income for the quarter also declined to Rs 1,004 crore from Rs 1,260 crore in the same quarter last fiscal.
For the year ended March 31, 2013 net profit fell sharply by nearly 50% to Rs 502 crore from Rs 1,042 crore in the last fiscal ended March 31, 2012. Sales for the fiscal ended March 31, 2013 declined to Rs 3,305 crore form Rs 4,583 crore in the last fiscal.
Meanwhile, the company said that its board has proposed a dividend of Rs 2/- per equity shares of face value Rs 2/- each.
Nearly 900,000 shares were traded on both the stock exchanges so far.
