D B Realty posts Rs 2 cr loss

Mumbai-based D B Realty has posted a loss of Rs 2 crore for the quarter ended June 30, 2012. The company registered a Rs 31-crore profit in the same quarter last year. Net sales dropped 62 per cent to Rs 85 crore (Rs 222 crore). Vinod Goenka, Chairman, said, “Despite realty developers facing challenging times due to the overall economic environment, the company managed to maintain its margins and is keeping its debt equity ratio stable at 0.07.”