Consolidated net profit fell 49 per cent to Rs. 145 crore from Rs. 285 crore a year earlier, New Delhi-based DLF, founded by billionaire K.P. Singh, said in a statement on Friday.
The latest quarter results included an exceptional charge of Rs. 411 crore over a "foreseeable loss" as it settled a dispute with a government agency over a project.
Income from operations rose to Rs. 2,058 crore for the three months to December, from Rs. 1,310 crore a year earlier.