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DLF Shares Fall After March Quarter Earnings

DLF's office rentals grew by 10 per cent and retail business exhibited steady recovery.
DLF's office rentals grew by 10 per cent and retail business exhibited steady recovery.
Shares of the Delhi-based real estate developer - DLF - fell as much as 6.2 per cent to hit an intraday low of Rs 290.75 after its reported March quarter earnings. DLF reported net profit of Rs 481 crore in January-March period compared with a loss of Rs 1,858 crore during the same period last year. DLF's revenue from operations rose 1 per cent annually to Rs 1,712.57 crore.
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