DLF Reports 23% Profit Increase to Rs 645.61 Crore in Q1 FY25
Leading real estate developer DLF's profit surges 23% to Rs 645.61 crore in the first quarter of FY25, driven by record sales of properties worth Rs 6,404 crore.
Real EstateDlfProfit ReportQ1 Fy25Residential PropertiesCommercial PropertiesReal EstateJul 25, 2024
The real estate giant's total income rose to Rs 1,729.82 crore during the April-June period of this fiscal, compared to Rs 1,521.71 crore in the corresponding period of the previous year.
DLF's development business recorded strong sales booking 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.
The company believes that the residential segment is witnessing a structural upcycle and hence is strengthening its new product pipeline. DLF 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.
DLF's rental business, DLF Cyber City Developers Ltd (DCCDL), revenue stood at Rs 1,553 crore, reflecting a year-on-year growth of 10%. The company's consolidated profit for the quarter stood at Rs 470 crore, registering a year-on-year growth of 20%.
The company 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.
Information
DLF is India's leading real estate developer and has more than seven decades of track record. It 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 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 in Q1 FY25?
Rs 645.61 crore
What is the annual growth in DLF's sales booking in Q1 FY25?
214%
What is the total income of DLF in Q1 FY25?
Rs 1,729.82 crore
What is the revenue of DLF Cyber City Developers Ltd (DCCDL) in Q1 FY25?
Rs 1,553 crore
What is the development potential of DLF Group across residential and commercial segments?
220 million square feet
Related News Articles
GST on Real Estate Transactions: Understanding Reverse Charge Mechanism
Know the impact of GST on real estate transactions, including the requirement for promoters to purchase at least 80% of inputs and input services from registered persons.
Hyderabad Shocking Incident: Real Estate Executives Attempt to Sexually Assault Woman
A woman from Kadapa narrowly escaped a sexual assault attempt by two real estate agents in Miyapur, Hyderabad.
Maharashtra Simplifies Property Registration: A Game-Changer for Homebuyers
Harsh Parikh, Partner, Khaitan & Co explains how Maharashtra's consolidation of property registration offices will benefit the real estate industry.
CapitaLand Investment Limited Eyes SGD 15 Billion Investment in India by 2028
CLI to double its current SGD 7.4 billion investment in India, exploring opportunities in renewable energy and real estate private credit.
MahaREAT Overturns MahaRERA's Dismissal of Homebuyer's Complaint, Orders Builder to Refund ₹4.5 Lakh
Maharashtra Real Estate Appellate Tribunal directs builder to refund ₹4.5 lakh to homebuyer for incorrect NOC fees, orders interest for delay in possession
Two Real Estate Dealers Arrested for Extortion Plot in Khammam, Firearms Seized
In a significant development, two real estate dealers have been arrested in Khammam, Telangana, for their involvement in an extortion plot. The police also seized three firearms during the raid. One of the accused, Riyaz, had been on the run but was final