Country's largest real estate developer
DLF on Monday reported an 18.30 per cent decline in its consolidated net profit for the quarter ended June 30 at Rs 292.79 crore, mainly due to higher interest outgo.
The company had posted a net profit of Rs 358.36 crore in the corresponding period last year, DLF said in a filing to the BSE.
The consolidated income from operations during the first quarter also decreased by 10.14 per cent to Rs 2,197.71 crore from Rs 2,445.82 crore in the year-ago period, it added.
The company spent Rs 622.60 crore on finance costs in April-June period as against Rs 496.41 crore in the same period last year, up by 25.42 per cent.
DLF had a net debt of Rs 22,725 crore as on March 31, 2012.
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