DLF jumps 6% on March quarter numbers

NEW DELHI: Shares of DLF jumped almost 6 per cent to Rs 181.20 in Wednesday's session, a day after the realty developer reported a 68 per cent on-year (YoY) rise in its consolidated net profit at Rs 410 crore for the quarter ended March 2019.

Total income for the period rose 44 per cent to Rs 2,660.95 crore, the company said in a regulatory filing.

The company has declared a dividend of Rs 2 per share for the year ended March.

Its consolidated revenue at the end of the financial year jumped 18 per cent to Rs 9,029 crore, while net profit stood at Rs 1,316 crore.

DLF achieved net sales of Rs 2,435 crore during the year, as against Rs 1,000 crore a year ago.