DLF reports 9 per cent rise in Q2 profit on higher sales

India's largest realty firm DLF on Thursday reported a 9 per cent increase in its consolidated net profit at Rs 109.06 crore for the second quarter of the current fiscal on account of higher sales.

Its net profit stood at Rs 100.05 crore in the year-ago period. Income from operations rose by 3 per cent to Rs 2,013.15 crore during July-September quarter from Rs 1,956.09 crore in the corresponding period of the previous year, DLF said in a filing to the BSE.

DLF's shares closed at Rs 138.90 apiece on the BSE, down by 0.57 per cent from its previous close. Its market cap stood at Rs 24,751 crore.

Promoters have 74.91 per cent stake in the company. The Delhi-based company is primarily engaged in development of housing, office and retail properties. It has a huge land bank with potential developable area of over 300 million sq ft, of which about 60 million sq ft is under construction.