DLF stock gains nearly 5% intraday on jump in net profit

Shares of DLF today rose by nearly 5% after the company reported 21% rise in consolidated net profit for the quarter ended September 30. 

The stock gained 4.53% to Rs 125.60 on BSE. On NSE, it was up 4.66% at Rs 125.70. 

India's largest realty firm DLF reported a 21% rise in consolidated net profit at Rs 131.50 crore on Tuesday, for the quarter ended September mainly on lower expenses. 

Its net profit stood at Rs 109.06 crore in the year-ago period, DLF had said in a BSE filing. 

However, income from operations fell by 7% to Rs 1,865.49 crore during July-September quarter of this fiscal from Rs 2,013.15 crore in the corresponding period of the previous year. 

Total income decreased by 6% to Rs 1,997.02 crore from Rs 2,135.59 crore in the review period. 

At 1258 hours, the company's stock was up from day's highs and trading at Rs 123.60 per share, up Rs 3.45 or 2.87% from previous day's close.