DLF shares surge; earnings beat estimates

Shares in DLF gained 3 per cent after the company's April-June earnings came in higher than expectations.

DLF, which builds homes, offices and shopping malls, said late on Monday net profit for the June quarter was Rs 181 crore, compared with Rs 293 crore a year earlier and above expectations of Rs 123 crore.

DLF's operating profit for the quarter was also higher than expectations, analysts said.

Copyright: Thomson Reuters 2013