DLF lost 1.78% to Rs 154.50 at 09:45 IST on BSE after consolidated net profit fell 9.3% to Rs 131.79 crore on 19.7% fall in total income to Rs 2079.82 crore in Q3 December 2014 over Q3 December 2013.
DLF announced its Q3 December 2014 result after market hours yesterday, 9 February 2015.
Meanwhile, the S&P BSE Sensex was up 83.23 points or 0.29% at 28,310.62
On BSE, so far 4.71 lakh shares were traded in the counter as against average daily volume of 14.11 lakh shares in the past one quarter.
The stock hit a high of Rs 155.25 and a low of Rs 148 so far during the day. The stock had hit a 52-week high of Rs 242.80 on 9 June 2014. The stock had hit a record low of Rs 100 on 16 October 2014.
The large-cap real estate firm has equity capital of Rs 356.39 crore. Face value per share is Rs 2.
DLF's earnings before interest, taxation, depreciation and amortization (EBITDA) fell 20% to Rs 918 crore in Q3 December 2014 over Q3 December 2013.
DLF said that the company witnessed continued interest from actual users in the super luxury & luxury segment. The company said it expects sales volume of residential products to reach normal volumes in the next 12-18 months. Rental business which is a leading indicator of demand continued to grow at targeted pace, DLF said. The outlook in the office leasing business is much better given the current demand-supply situation, the company said. However, fresh capital expenditure to create new capacity will take place once rentals start to reflect the current cost structures, it added.
DLF's primary business is development of residential, commercial and retail properties.
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