DLF's net profit up 24% in Q3 FY20

Realty major DLF Ltd on Wednesday reported a 24 per cent increase in its consolidated net profit to Rs 414.01 crore for the quarter ended December despite fall in income. Its net profit stood at Rs 335.15 crore in the year-ago period. Total income rose to Rs 1,533.34 crore in the third quarter of 2019-20 from Rs 2,405.89 crore in the corresponding period previous year, DLF said in a regulatory filing. Despite fall in income, the company's net profit increased due to an exceptional gain of Rs 231 crore during the December quarter. DLF declared an interim dividend of Rs 1.20 per share.