DLF Q3 net dips to Rs.671 Cr
The Sunday Express, February 01, 2009, page 17
The country’s largest real estate developer, DLF Ltd, on Saturday said its third quarter net profit dipped to Rs 670.79 crore, less than one-third of the same in the year-ago period. It had a net profit of Rs 2,138.87 crore in the quarter ended December 31, 2007, DLF said in a filing to the National Stock Exchange. Its consolidated net sales also plunged more than half to Rs 1,366.67 crore in the quarter ended December 31, 2008, from Rs 3,598.42 crore in the year-ago period.
UNITECH net falls to 74 % in Q3
Hit hard by a significant slowdown in commercial property demand, the country's second largest realty firm, Unitech Ltd, today posted a 74.12 per cent decline in its consolidated net profit at Rs 136.05 crore for the quarter ended December 31, 2008. The company had recorded a net profit of Rs 525.78 crore in the third quarter of the last fiscal, Unitech said in a statement. The total income also fell by 56.48 per cent to Rs 507 crore from Rs 1,165.11 crore during the period under review, it added.
PARSVNATH Q3 net plunges 95 pc
Realty firm Parsvnath Developers Ltd today reported a sharp fall of 95.18 per cent in its consolidated net profit at Rs 5.42 crore in the quarter ended December 31, 2008, on account of declining sales and high interest cost. The company had posted a net profit of Rs 112.57 crore in the third quarter of the previous fiscal, Parsvnath Developers said in a statement. The total income also declined to Rs 98.01 crore from Rs 497.10 crore during the period under review, a dip of 80.28 per cent, it added. “The reason for decline is on account of pressure on sales, reduced turnover, coupled with the burden of fixed overheads,” the statement said.
The Sunday Express, February 01, 2009, page 17
The country’s largest real estate developer, DLF Ltd, on Saturday said its third quarter net profit dipped to Rs 670.79 crore, less than one-third of the same in the year-ago period. It had a net profit of Rs 2,138.87 crore in the quarter ended December 31, 2007, DLF said in a filing to the National Stock Exchange. Its consolidated net sales also plunged more than half to Rs 1,366.67 crore in the quarter ended December 31, 2008, from Rs 3,598.42 crore in the year-ago period.
UNITECH net falls to 74 % in Q3
Hit hard by a significant slowdown in commercial property demand, the country's second largest realty firm, Unitech Ltd, today posted a 74.12 per cent decline in its consolidated net profit at Rs 136.05 crore for the quarter ended December 31, 2008. The company had recorded a net profit of Rs 525.78 crore in the third quarter of the last fiscal, Unitech said in a statement. The total income also fell by 56.48 per cent to Rs 507 crore from Rs 1,165.11 crore during the period under review, it added.
PARSVNATH Q3 net plunges 95 pc
Realty firm Parsvnath Developers Ltd today reported a sharp fall of 95.18 per cent in its consolidated net profit at Rs 5.42 crore in the quarter ended December 31, 2008, on account of declining sales and high interest cost. The company had posted a net profit of Rs 112.57 crore in the third quarter of the previous fiscal, Parsvnath Developers said in a statement. The total income also declined to Rs 98.01 crore from Rs 497.10 crore during the period under review, a dip of 80.28 per cent, it added. “The reason for decline is on account of pressure on sales, reduced turnover, coupled with the burden of fixed overheads,” the statement said.
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