Shares of realty firm DLF today rose 4 per cent after the company reported a consolidated net profit of Rs 219.68 crore for the quarter ended March 31, 2014.
DLF scrip gained 4 per cent to Rs 212 on the BSE in the morning trade. On the NSE, the stock rose 4 per cent to Rs 212.
Making a turnaround, DLF had yesterday reported a consolidated net profit of Rs 219.68 crore for the quarter ended March 31, 2014 on the back of gains from the sale of hotel chain Amanresorts.
The company had registered a net loss of Rs 4.19 crore in the year-ago period.
Total income from operations fell 11.5 per cent to Rs 1,969.45 crore in the fourth quarter of the last fiscal against Rs 2,225.55 crore in the corresponding period of the previous year.
DLF posted net profit in March quarter helped by a sharp jump in other income to Rs 552.15 crore from Rs 93.24 crore in the year-ago period.