DLF Reports 39% Profit Surge in Q4; Sales Bookings Hit Record Rs 21,223 Crore in FY25
DLF, India's leading real estate firm, has reported a significant jump in its financial performance for the January-March quarter of FY25. The company's consolidated net profit surged by 39% to Rs 1,282 crore, up from Rs 919.82 crore in the same period last year. Total income also witnessed a substantial rise, increasing to Rs 3,347.77 crore from Rs 2,316.7 crore in the corresponding quarter of the previous year.
The robust financial performance is a reflection of the strong demand for DLF's luxury homes, particularly in its ultra-luxury project 'The Dahlias' in Gurugram. Sales bookings for the entire fiscal year 2024-25 reached a record Rs 21,223 crore, marking a 44% increase from Rs 14,778 crore in the preceding fiscal year.
In a statement, DLF highlighted the success of 'The Dahlias,' which generated Rs 13,744 crore in new sales bookings during the last fiscal year. The company emphasized the strong brand recognition and customer-centric approach that contributed to this achievement. “The humbling response to our latest offering underscores our brand’s strength and our commitment to customer-centricity. This has resulted in the monetization of approximately 39 per cent of the estimated total sales potential of this project within the first year of its launch,” the statement noted.
DLF's financial health was further bolstered by a net cash surplus of Rs 5,302 crore during the last fiscal year, bringing the company's net cash position to Rs 6,848 crore at the end of the fiscal. The company expressed optimism about the sustained demand for its products and plans to capitalize on this momentum by introducing new, well-calibrated offerings from its strong and diverse project pipeline.
The company's share price reflected this positive sentiment, rising by 3% on Monday to close at Rs 737.40 per share. DLF's market capitalization stood at more than Rs 1.82 lakh crore at the close of trading on the BSE.
Since its inception, DLF has developed more than 185 real estate projects, covering an area of over 352 million square feet. The DLF Group has a development potential of 280 million square feet across residential and commercial segments, including current projects under execution and the identified pipeline. The group also boasts an annuity portfolio of over 45 million square feet, further solidifying its position in the real estate market.
DLF is primarily engaged in the development and sale of residential properties (the Development Business) and the development and leasing of commercial and retail properties (the Annuity Business). The company's strategic focus on both segments ensures a balanced and sustainable growth trajectory, positioning it as a leader in the Indian real estate sector.
The board of directors approved a dividend of Rs 6 per equity share, having a face value of Rs 2 each, for the fiscal year 2024-25, subject to shareholder approval. This decision underscores the company's commitment to rewarding its investors and maintaining a strong financial position.
In summary, DLF's impressive financial performance and robust sales bookings in FY25 highlight its strong market position and the continued demand for its high-quality real estate projects. The company is well-positioned to sustain its growth and capitalize on new opportunities in the coming years.
