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DLF Profit Misses Estimates In Q1, Margins Improve

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.

. Read more on Business by BloombergQuint.