DLF October-December consolidated net profit seen at Rs 250-430 crore Nippon Life India AMC consolidated PAT jumps 42% YoY as other income surges
DLF Ltd is seen posting a consolidated net profit in the range of 2.49-4.31 bln rupees in the quarter ended December, according to three brokerage houses. The company had posted a net profit of 4.14 bln in the year-ago period. DLF's net revenue from operations is seen at 15.29-24.15 bln rupees in the quarter, aided by new launches and robust collections from the office portfolio.
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Nippon Life India Asset Management Ltd today reported a 42% on-year rise in its consolidated net profit for the quarter ended December, mainly due to a surge in other income and fall in total expenses. The bottomline came in at 2.1 bln rupees, up nearly 46% on a sequential basis. In Oct-Dec, other income more than doubled to 1.3 bln rupees from 575 mln rupees in the corresponding quarter a year ago.
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