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
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