DLF's Q1 FY25 Profit Jumps 23% to Rs 645.61 Crore, Records Strong Sales
DLF Ltd, India's leading real estate developer, reported a 23% increase in consolidated profit to Rs 645.61 crore in Q1 FY25, driven by record sales of properties worth Rs 6,404 crore. The company plans to strengthen its new product pipeline with a strong
DlfReal EstateHousing DemandProfitRevenueSales BookingResidential SegmentCommercial SegmentRental BusinessReal Estate MumbaiJul 25, 2024
The strong performance was driven by record sales of properties worth Rs 6,404 crore, a 214% annual growth. 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 has planned a strong launch pipeline of 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 arm, DLF Cyber City Developers Ltd (DCCDL), revenue stood at Rs 1,553 crore, reflecting a 10% year-over-year growth, while consolidated profit for the quarter stood at Rs 470 crore, registering a 20% year-over-year growth.
DLF has a positive outlook on the rental business and is accelerating its capex commitments to further strengthen its rental portfolio and deliver healthy growth. The company has developed more than 178 real estate projects and developed an area in excess of 349 million square feet.
Information
DLF is India's leading real estate developer and has more than seven decades of track record. The company 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 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.
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 bookings?
214%
What is the total income of DLF in Q1 FY25?
Rs 1,729.82 crore
What is the revenue of DLF's rental arm, DCCDL, in Q1 FY25?
Rs 1,553 crore
What is DLF's development potential across residential and commercial segments?
220 million square feet
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