Mumbai May 26 (IANS) Real estate major DLF on Friday reported a consolidated net profit of Rs 136 crore for the fourth quarter (Q4) of 2016-17.
According to the company its consolidated net profit during the quarter under review stood at Rs 136 crore from a loss of Rs 181 crore in the corresponding period of 2015-16.
However the real estate major s consolidated revenue for the fourth quarter decreased by 8 per cent to Rs 2 511 crore from Rs 2 733 crore earned during Q4 of FY16.
On a full financial year 2016-17 basis the company reported that its consolidated net profit rose by 109 per cent to Rs 694 crore from Rs 332 crore in 2015-16.
On the other hand DLF s consolidated revenue during the fiscal under review edged lower by 16 per cent to Rs 8 941 crore from Rs 10 597 crore.
The company s Board of Directors has recommended a dividend of Rs 2 per equity share for the year 2016-17.
--IANS
rv/vt
DLF s Q4 consolidated net profit at Rs 136 cr
