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DLF soars 14% on strong June-quarter results

DLF reported a consolidated net profit of Rs 110 crore in June quarter

A view of the swimming pool area at DLF Aralias
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A view of the swimming pool area at DLF Aralias

SI Reporter Mumbai
DLF soared 14% to Rs 176 on BSE in intra-day trade after the real estate developer reported a consolidated net profit of Rs 110 crore for the quarter ended June 2017 (Q1FY18).

The company had posted profit of Rs 261 crore in the same quarter year quarter. The last year profit exceptional gain of Rs 329 crore, which include one-time profit of Rs 372 crore from DT cinema sales & Rs 43 crore Chennai IT park loss.

“The company recorded consolidated revenues of Rs 2,211 crore in Q1FY18, up by 9% from Rs 2,025 crore in previous financial

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