DLF Records Impressive Q1FY25 Results: 23% Profit Surge and Tripling of Sales Bookings
India's leading real estate developer DLF reports a substantial increase in profit and sales bookings in Q1FY25, driven by strong housing demand and a robust launch pipeline.
DlfQ1fy25 ResultsReal EstateResidential SegmentRental BusinessReal EstateJul 25, 2024
The realty major's development business recorded a remarkable quarter, with sales bookings of Rs 6,404 crore, registering an annual growth of 214%. The strong demand momentum was driven by the second phase of its luxury project in New Gurugram, 'Privana West', which was entirely sold out, clocking Rs 5,600 crore.
DLF believes that the residential segment is experiencing a structural upcycle, and hence, the company is committed to strengthening its new product pipeline. It 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's rental business, DLF Cyber City Developers Ltd (DCCDL), also performed steadily, 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 over seven decades of track record, DLF is India's leading real estate developer, having developed more than 178 real estate projects and 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).
Frequently Asked Questions
What is DLF's consolidated profit for Q1FY25?
Rs 645.61 crore
What is the annual growth rate of DLF's sales bookings in Q1FY25?
214%
What is the revenue of DLF's rental business, DCCDL, in Q1FY25?
Rs 1,553 crore
What is the development potential of DLF Group across residential and commercial segments?
220 million square feet
What is the annuity portfolio of DLF Group?
Over 44 million square feet
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