How Did DLF Achieve a 23% Profit Increase in Q1FY25?

Key Financial Highlights -

DLF reported a net profit of ₹646 crore for Q1FY25, marking a 23% year-on-year increase. This impressive growth was driven by sales bookings of ₹6,404 crore, a staggering 214% increase from the previous year. The company's consolidated revenue also rose by 14% year-on-year to ₹1,730 crore.

Strong Sales and New Launches

DLF attributed its strong performance to the launch and subsequent sell-out of the second phase of its luxury project, Privana West, in New Gurugram. This project alone contributed ₹5,600 crore in new sales bookings. DLF plans to launch an additional nine million square feet of new products this fiscal year across various segments and locations, including Gurugram, Mumbai, Goa, and Chandigarh Tri-city.

Positive Outlook on Rental Business

DLF Cyber City Developers (DCCDL), the rental arm of the company, reported consolidated revenue of ₹1,553 crore for Q1FY25, reflecting a 10% year-on-year growth. The consolidated profit for the quarter stood at ₹470 crore, a 20% year-on-year increase. The company is optimistic about the rental business and plans to accelerate capital expenditure to strengthen its rental portfolio and drive healthy growth.