DLF FY25 H1 Sales (Image Source: iStockphoto)
Realty Major DLF’s sales bookings rose 66 per cent to Rs 7,094 crore in the first half of this fiscal year due to strong demand for housing. Its sales bookings stood at Rs 4,268 crore in the year-ago period.
The company has been able to achieve growth in sales bookings during the April-September period of this fiscal year thanks to the strong performance in the first quarter. DLF’s sales bookings tripled to around Rs 6,400 crore during the first quarter of this fiscal from Rs 2,040 crore in the same period last year.
However, in the second quarter of 2024-25, sales bookings fell 69 per cent to Rs 692 crore from Rs 2,228 crore a year ago.
In an investor presentation, DLF said there has been “moderation in sales due to delay in obtaining necessary approvals for launch of new products.”
In the current quarter, the company received approval for its super luxury housing project ‘The Dahlias’ at DLF 5, Gurugram.
“We remain on track to meet our guidance for the full fiscal year,” DLF said. The company has given guidance to sell properties worth Rs 17,000 crore in the full fiscal year.
DLF noted that the outlook for the residential segment remains strong and its real estate business continues to show consistent performance.
DLF is the largest real estate company in the country by market capitalization. The company is primarily engaged in the business of developing and selling residential properties (Development Business) and developing and leasing commercial and retail properties (Annuity Business).
On Friday, DLF reported a more than double rise in its consolidated net profit to Rs 1,381.08 crore for the second quarter of this fiscal year due to higher revenue.
Its net profit stood at Rs 622.78 crore in the year-ago period. Total revenue rose 48 per cent to Rs 2,180.83 crore during the July-September 2024-25 period from Rs 1,476.42 crore in the year-ago quarter.
During the first six months of this fiscal year, the company’s net profit rose sharply to Rs 2,026.69 crore from Rs 1,149.78 crore in the same period last year. Its total revenue rose to Rs 3,910.65 crore during the April-September period of this fiscal year from Rs 2,998.13 crore in the corresponding period of the previous financial year.
DLF has developed more than 178 real estate projects and has developed an area of over 349 million square feet. It has 220 million square feet of development potential in residential and commercial segments. The group has an annuity portfolio of over 44 million sq ft.
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