DB Realty on Saturday reported a consolidated net loss of Rs 2.07 crore for the first quarter ended June 30, due to lower sales.
The real estate developer had posted a net profit of Rs 41.14 crore in the year-ago period.
Net sales of the company declined by 62 percent to Rs 84.92 crore during April-June, 2012 quarter from
Rs 221.50 crore in the corresponding period last fiscal, D B Realty said in a BSE filing.
The company has a portfolio of 70 million sq ft of prime property across 25 projects. Most of the projects are based in and around Mumbai, and are under various stages of planning and construction.
