India's largest property developer DLF Ltd.'s net profit missed estimates even as its margins expanded in the June ended quarter.
Net profit fell 60 percent to Rs 109 crore year-on-year, according to its filing to the exchanges. Bloomberg consensus estimate stood at Rs 127 crore. The company had recorded an exceptional gain of Rs 329 crore in the year-ago period.
Revenue rose 9.6 percent to 2,211 crore, marginally higher than estimates.
Earnings before interest, tax, depreciation and amortisation rose 21.4 percent to Rs 903 year-on year while EBITDA margin expanded to 44.1 percent from 40 percent.
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