DLF Limited has reported its financial results for Q3 FY25.
Post the announcement, on January 27, 2025, DLF share price opened at ₹696.50, almost the same as its previous close of ₹695.25. At 9:55 AM, the share price of DLF was trading at ₹720.75, up by 3.67% on the NSE.
The company’s consolidated revenue for the quarter stood at ₹1,738 crore, with gross margins of 52%. Net profit for the period came in at ₹1,055 crore. Additionally, DLF recorded record-breaking new sales bookings of ₹12,093 crore during the quarter.
The company stated that the development business was a major contributor to the quarter’s performance. The super luxury project The Dahlias in DLF 5, Gurugram, garnered ₹11,816 crore in new bookings, demonstrating significant demand for premium real estate.
This exceptional performance allowed DLF to surpass its annual guidance, with total new sales bookings for the first nine months of FY25 reaching ₹19,187 crore. Operating cash surplus for the quarter amounted to ₹1,850 crore, boosting the company’s net cash position to ₹4,534 crore.
They added that DLF’s rental arm, DLF Cyber City Developers Limited (DCCDL), also delivered a strong performance. The subsidiary reported consolidated revenue of ₹1,609 crore, reflecting a 9% year-on-year (YoY) growth, while consolidated profit rose by 117% YoY to ₹941 crore. The rental business has shown steady growth, supported by a robust capex program aimed at accelerating the development of new projects. Key projects like Downtown Chennai and Downtown Gurugram, spanning approximately 11 million square feet, are progressing as planned.
Looking ahead, DLF remains optimistic about leveraging the structural upcycle in the real estate sector. With a significant land bank, a pipeline of promising projects, a strong balance sheet, and consistent cash flow generation, the company is well-positioned to sustain its growth trajectory. Projects like Atrium Place in Gurugram and three retail malls are expected to be completed soon, with rental income commencing in the next fiscal year.
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Published on: Jan 27, 2025, 11:09 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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