DLF Q1FY25 Results: Realty Major Sees 23% Profit Surge, Sales Bookings Soar Over 3-Fold
Get the latest real estate news and business updates on DLF's Q1FY25 results, which saw a significant rise in profit and sales bookings.
Real EstateDlfQ1fy25 ResultsSales BookingsProfit SurgeReal Estate NewsJul 25, 2024
The developer's net profit stood at Rs 527 crore in the year-ago period. New sales bookings stood at Rs 6,404 crore during the first quarter of 2024-25, 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 hence continues to strengthen its new product pipeline. The company has planned a strong launch pipeline of 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 continues to witness healthy sales momentum and strong growth in collections, leading to further improvement in its net cash position. DLF's rental business, under its arm DLF Cyber City Developers Ltd (DCCDL), revenue stood at Rs 1,553 crore, reflecting a year-over-year growth of 10%. The consolidated profit for the quarter stood at Rs 470 crore, registering a year-over-year growth of 20%.
DLF is committed to leveraging the positive momentum in the residential segment and is accelerating its capex commitments to further strengthen its rental portfolio and deliver healthy growth. With over seven decades of track record, DLF has developed more than 178 real estate projects and has developed an area in excess of 349 million square feet.
DLF Group has 220 million square feet of development potential across residential and commercial segments. The group has an annuity portfolio of over 44 million square feet. DLF is primarily engaged in the business of development and sale of residential properties (Development Business) and the development and leasing of commercial and retail properties (Annuity Business).
DLF Ltd 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 has developed an area in excess of 349 million square feet.
Frequently Asked Questions
What was DLF's consolidated profit in Q1FY25?
Rs 645.61 crore
What was the growth in DLF's sales bookings in Q1FY25?
214% year-over-year
What is DLF's planned launch pipeline for the fiscal?
9 million square feet of new products across various segments and geographies
What is DLF's rental arm revenue in Q1FY25?
Rs 1,553 crore, reflecting a year-over-year growth of 10%
What is DLF's development potential across residential and commercial segments?
220 million square feet
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