DLF tanks 2.6% on disappointing Q2 earnings

Shares of country's largest realty firm DLF fell as much as 2.6 percent to hit an intraday low of Rs 200.80 on Tuesday following disappointing second quarter earnings.

Consolidated net profit dropped 63 percent year-on-year to Rs 138 crore in the quarter due to lower sales.

Even consolidated sales went down 19.5 percent to Rs 2,039 crore from Rs 2,532.41 crore during the same period.
 
At 16:28 hours IST, the stock fell 1.5 percent to Rs 203.

In the previous trading session, shares lost 2.41% to close at Rs 206.15 ahead of earnings that came in after market hours.

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