DLF down over 3% in early trade

DLF down over 3% in early trade Mumbai: Shares of realty major DLF on Friday fell by over 3 percent in early morning trade even as the company reported 10.23 percent rise in consolidated net profit for the quarter ended December 31, 2012.

After making a weak opening, shares of the company further tanked 3.5 percent to Rs 245.05 on the BSE.

At NSE, the scrip lost 3.58 percent to Rs 244.75.

Boosted by "one-time" gain from asset sale, DLF had on Friday reported 10.23 percent rise in consolidated net profit at Rs 284.80 crore for the quarter ended December 31, 2012, even as revenues dropped.

The company had posted a net profit of Rs 258.35 crore in the same period of previous fiscal.
Income from operations, however, declined to Rs 1,310.04 crore in the third quarter, compared to Rs 2,034.37 crore in the same period of 2011-12.

In the stock market, the BSE benchmark Sensex was trading at 19,436.97, down 60.21 points at 1132 hrs.

PTI