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The net profit of the company stood at Rs 115.52 crore in the second quarter ended September 30, against Rs 870.19 crore in the same period a year ago.

 
 
The results demonstrate the significant gains Emaar has achieved, compared to the same period in 2009, with net operating profits up over 67 per cent.
The cement manufacturer's profit fell to Rs 86.31 crore, a 79 per cent drop from the Rs 415.51 crore it saw in the corresponding period last year.
This is the second QIP from the company in the past one year. In October 2009, it had raised Rs 168 crore, after selling 1.38 crore shares, mainly to retire debt.
A company statement said production also rose 2.91 per cent, to 28.19 lakh tonnes, during the month, compared to the same period last year.
DLF will invest about Rs 500 crore to develop about 170 villas and 100 flats in Shimla, Kasauli and Goa under a new brand 'Sama'.
 
 
Both have entered into a partnership with the Rajasthan govt to build over 1.25 lakh affordable houses in the state for the poor.
The property development arm of the Group plans to invest between Rs 6,000 crore and Rs 7,000 crore this financial year, to fund its expansion plans.
The real estate developer had opened its qualified institutional placement last week to raise $60 million, but got subscriptions worth $67 million.
The country's largest realty firm is in talks with fellow builders to provide basic education, healthcare and vocational training for the underprivileged.
The company has hired Morgan Stanley, Kotak Mahindra Capital, Axis Bank and ICICI Securities as its book running lead managers to manage the issue.
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