DLF net down 18% on high finance costs

DLF , India's largest real estate developer, reported an 18% fall in net profit for the June quarter, weighed down by high interest costs and slowing home sales.

DLF , India's largest real estate developer, reported an 18% fall in net profit for the June quarter, weighed down by high interest costs and slowing home sales.

DLF reported consolidated net profit of Rs 293 crore for its fiscal first quarter compared with Rs 358 crore a year earlier.

Analysts on average expected the company to post a net profit of Rs 286 crore on revenues of Rs 247crore.

Source: www.moneycontrol.com