DLF Net profit up 24%, declares interim divided of Rs. 1.20 per share, shares fall 1.58% at BSE

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New Delhi : Reality giant DLF has announced interim dividend at Rs.1.20 per fully paid equity share of Rs.2 each of the company for the current financial year. The interim dividend will be paid / dispatched to the shareholders by 3rd March.

DLF shares, declined by 1.58% (-Rs.4.00) to Rs.249.50 on the Bombay Stock Exchange this morning. At NSE also DLF shares shed 1.72% to Rs.249.

Yesterday, the company had reported 23.8% rise in net profit to Rs.414 Crore in the October-December quarter, which was Rs.335 Crore during the corresponding period last fiscal. Consolidated revenues declined to Rs 1,533 crore which was 2405 Crore a year ago.  EBITDA stood at Rs 420 crore, with EBITDA margins continuing at a healthy 27% for the development business.

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