DLF Ltd has announced a 23 percent rise in its consolidated net profit, reaching ₹645.61 crore for the first quarter of the fiscal year. This marks a significant increase from ₹527 crore in the same period last year.
As per reported by the Hindustan Times, the company’s total income for the April-June quarter surged to ₹1,729.82 crore, up from ₹1,521.71 crore a year earlier. This growth is attributed to robust sales and strategic project launches.
DLF’s development division saw record sales bookings totaling ₹6,404 crore, setting a new high for the first quarter. A key contributor to this success was the second phase launch of the Privana West luxury project in New Gurugram, which sold out entirely and added ₹5,600 crore to the company’s sales.
The company plans to continue its growth trajectory by expanding its product lineup. DLF has scheduled the launch of new projects across various markets, including Gurugram, Mumbai, Goa, and the Chandigarh Tri-city area. These upcoming projects will add about 9 million square feet to its portfolio.
DLF improved its financial stability with a net cash position of ₹2,896 crore, a notable shift from a net debt of ₹57 crore in the previous year’s first quarter. This enhancement reflects the company’s strong financial management.
The rental segment also showed positive results. DLF Cyber City Developers Ltd. (DCCDL) reported a 10 percent increase in consolidated revenue to ₹1,553 crore for Q1FY25. The rental business’s consolidated profit for the quarter rose by 20 percent to ₹470 crore.
DLF’s strategic investments and new project launches are expected to drive continued success. The company has developed over 178 projects and managed more than 349 million square feet of real estate. With these advancements, DLF is poised to sustain its leadership in the real estate sector.
With record-breaking sales, a solid financial position, and a promising pipeline of new projects, DLF is set to maintain its position as a leading player in the real estate sector.