DLF Ltd Reports 214% YoY Growth in Q1 FY2025 Sales Bookings

DLF Ltd announced financial results for Q1 FY 2025. The company stated that it remains on track to achieve its short-term and long-term business goals.

In Q1 FY2025, the company reported impressive new sales bookings of ₹6,404 crore, reflecting a year-over-year (YoY) growth of 214%. Consolidated revenue for the quarter was ₹1,730 crore, up by 14% YoY. The net profit of DLF Ltd stood at ₹646 crore, showing a YoY growth of 23%.

The company stated that the development business achieved another quarter of strong sales bookings, totalling ₹6,404 crore, resulting in a record first quarter for sales. The second phase of the luxury project in New Gurugram, Privana West, was launched and saw robust demand, selling out entirely and generating ₹5,600 crore in new sales bookings.

The company believes that the residential segment is experiencing a structural upcycle and is thus strengthening its new product pipeline. It remains committed to leveraging this positive momentum with plans to launch an additional 9 million square feet (msf) of new products during the fiscal year across various segments and geographies, including Gurugram, Mumbai, Goa, and the Chandigarh Tri-city area.

They also added that healthy sales momentum and strong growth in collections have led to an improvement in the net cash position, which stood at ₹2,896 crore at the end of the period, compared to a net debt of ₹57 crore in Q1 FY2024.

The rental business continued its steady performance during the period. DLF Cyber City Developers Limited (DCCDL) ‘s Q1 FY2025 consolidated revenue was ₹1,553 crore, reflecting a 10% YoY growth. The quarter’s consolidated profit was ₹470 crore, registering a 20% YoY growth.

The company remains positive about the rental business and is accelerating capital expenditure commitments to further strengthen its rental portfolio and deliver healthy growth.

Encouraged by the government’s commitment to fiscal consolidation and the prioritisation of urban development as a key component in the roadmap to Viksit Bharat, the company sees favourable conditions for growth in the real estate sector. Accordingly, it plans to leverage these opportunities across all business segments to deliver consistent and profitable growth for all stakeholders.

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