DB Realty Q3 Net plunges 98% to Rs 0.21 cr
Quotes

DB Realty Q3 Net plunges 98% to Rs 0.21 cr

Last Updated: Saturday, February 9, 2013, 19:36
 
 Comment 0
 
DB Realty Q3 Net plunges 98% to Rs 0.21 cr
New Delhi: DB Realty on Saturday reported 98 percent decline in its consolidated net profit at Rs 0.21 crore for the quarter ended December 31, 2012.

It had posted a net profit of Rs 11.73 crore in the year-ago period.

However, the consolidated net sales rose by 19 percent to Rs 124.56 crore during the third quarter of this fiscal against Rs 104.80 crore in the corresponding quarter of last year, Mumbai-based firm said in a filing to the BSE.

The company's net profit has fallen sharply due to rise in tax expenses to over Rs 15 crore during October-December quarter of this fiscal from nearly Rs 1.5 crore in the year ago period.

"The last quarter has seen good pickup in sales combined with higher per sq ft realisation. We have also made good progress in getting key approvals for our about to be launched projects. Our endeavour would be to maintain the same momentum," DB Realty CEO Vipul Bansal said in a statement.

PTI




First Published: Saturday, February 9, 2013, 19:36


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved