New Delhi: India’s biggest realty firm, DLF Ltd, reported a strong performance for Q4 FY25, with net profit rising 37% to Rs. 1,268 crore from Rs.919.82 crore last year. The company’s total revenue also increased to Rs.3,347.77 crore from Rs.2,316.7 crore, a 45% increase from the same period last year. The company has witnessed stellar growth in its residential property sales, where its upcoming luxury project DLF Privana West in Gurgaon selling out within hours. Its rental income also rose 3% as the company completed 2.7 million sq ft of leasing space and an additional 6.2 million sq ft is expected to be available next year.
Leading analysts have predicted the stock could rise about Rs.1,000 in the near term, considering DLF’s reputation and a strong project pipeline. The real estate market is booming as the demand for luxury real estate remains strong, especially with HNIs and NRIs. Commercial real estate growth also remains steady with consistent occupancy and consist growth in rental income.
“Our development business achieved yet another year of robust and consistent performance, with record new sales booking of Rs 21,223 crore during the year. This marked a year-on-year growth of 44%. Our latest super-luxury offering – The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the fiscal. The humbling response to our latest offering underscores our brand’s strength and our commitment to customer-centricity. This has resulted in the monetization of approximately 39% of the estimated total sales potential of this project within the first year of its launch. We also launched the next phase of our luxury project – DLF Privana West, which garnered strong interest and witnessed complete sell out within a few days of the soft launch clocking approximately Rs 5,600 crore of new sales bookings,” DLF said in a press release.
“We are optimistic about the sustained housing demand for our products and will continue to capitalize on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline,” the release further added.
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