DlF has reported 28 per cent fall in consolidated net profit at Rs 100.05 crore in second quarter of this fiscal on lower sales but reduced net debt by Rs 861 crore to Rs 19,508 crore.
DlF also announced plans to raise Rs 1,000 crore through launch of first Commercial Mortgage Backed Security (CMBS) by end of November as part of strategy to reduce interest cost. In a conference call to analysts, DlF expressed confidence that it would achieve the sales booking target of Rs 6,000 crore in 2013-14 and further cut debt by Rs 2,000 crore to Rs 17,500 crore by March end.