The real estate firm’s total income falls 29% to Rs1,873.80 crore during the same period from Rs2,661 crore in the corresponding period of the previous year BENGALURU : DLF Ltd, India’s largest real estate developer, on Thursday said it has posted a net loss of Rs1,860 crore for the quarter ended 31 March 2020, after a one-time, exceptional tax provision of Rs272 crore and a deferred tax asset (DTA) reversal of Rs1,916 crore, on adoption of lower tax rate.
DLF posted a net profit stood at Rs435 crore in the year-ago period. The real estate firm’s total income fell 29% to Rs1,873.80 crore during the same period from Rs2,661 crore in the corresponding period of the previous year, the firm said in a regulatory filing.