DLF Posts 23% Jump in Profit to Rs 645.61 Crore in Q1 FY25
India's leading real estate developer, DLF, reports impressive Q1 FY25 results, with a 23% increase in consolidated profit and record sales of properties.
DlfReal EstateProfitQ1 Fy25IndiaResidentialCommercialRentalDevelopmentReal Estate NewsJul 25, 2024
The company's development business recorded a strong quarter with sales bookings of Rs 6,404 crore, registering an annual growth of 214%. The sales bookings were driven by the second phase of its luxury project in New Gurugram, 'Privana West', which witnessed strong demand momentum and was entirely sold-out, clocking Rs 5,600 crore.
DLF believes that the residential segment is witnessing a structural upcycle and is committed to strengthening its new product pipeline. The company plans to launch an additional 9 million square feet of new products during the fiscal, across various segments and geographies including Gurugram, Mumbai, Goa, and Chandigarh Tri-city.
The company's rental business, DLF Cyber City Developers Ltd (DCCDL), also reported a steady performance during the period, with revenue standing at Rs 1,553 crore, reflecting a year-on-year growth of 10%. The consolidated profit for the quarter stood at Rs 470 crore, registering a year-on-year growth of 20%.
DLF continues to have a positive outlook on the rental business and is accelerating its capex commitments to further strengthen its rental portfolio and deliver healthy growth.
With a strong track record of developing over 178 real estate projects and an area in excess of 349 million square feet, DLF is well-positioned to leverage the current positive momentum in the real estate sector.
DLF is India's leading real estate developer with a presence in the business of development and sale of residential properties (Development Business) and the development and leasing of commercial and retail properties (Annuity Business). The group has an annuity portfolio of over 44 million square feet and 220 million square feet of development potential across residential and commercial segments.
DLF is India's leading real estate developer, with a track record of over seven decades. The company has developed more than 178 real estate projects and developed an area in excess of 349 million square feet. DLF Group has 220 million square feet of development potential across residential and commercial segment.
Frequently Asked Questions
What is DLF's consolidated profit for Q1 FY25?
Rs 645.61 crore, up 23% from the previous year.
What is the total income of DLF for Q1 FY25?
Rs 1,729.82 crore, up from Rs 1,521.71 crore in the corresponding period of the previous year.
What is the sales booking of DLF's development business for Q1 FY25?
Rs 6,404 crore, registering an annual growth of 214%.
What is the revenue of DLF's rental business, DCCDL, for Q1 FY25?
Rs 1,553 crore, reflecting a year-on-year growth of 10%.
What is the development potential of DLF Group?
220 million square feet across residential and commercial segments.
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