Shares of realty major DLF fell over 3 per cent in early morning trade today even as the company reported a 10.23 per cent rise in consolidated net profit for the third quarter ended December 31, 2012.
After making a weak opening, the scrip further tanked 3.5 per cent to Rs 245.05 on the BSE. On the NSE, the scrip lost 3.58 per cent to Rs 244.75.
Boosted by “one-time” gain from assets sale, DLF had yesterday reported a 10.23 per cent rise in consolidated net profit at Rs 284.80 crore for the quarter ended December 31, 2012, even as the revenues dropped.
The company had posted a net profit of Rs 258.35 crore in the same period previous fiscal.
Income from operations, however, declined to Rs 1,310.04 crore during the third quarter compared with Rs 2,034.37 crore in the same period of 2011-12.