On Wednesday, the largest realty firm of India DLF has reported 22 percent decline in its consolidated net profit at Rs 171.62 crore for the quarter ended March 2015.

In the year ago period, the net profit of the company stood at Rs 219.68 crore, DLF said in a statement.

“In the year gone by, the ensuing high interest rates and consequent low consumer demand have adversely impacted the real estate sector in the country,” DLF said.

The net profit of the company went down during the fourth quarter of 2014-15 because of the fall in other income to Rs 147.47 crore from Rs 552.15 crore in the year ago period.

However the tax expenses were at Rs 76.73 crore during the January-March quarter against the gains of Rs 67.84 crore in the year ago period.

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