DLF Ltd Share Price – NSE /  BSE

Realty, Mid Cap

Profit before tax in second quarter of FY25 stood at Rs 576.61 crore, registering a growth of 24.28% on YoY basis.

EBITDA grew 19% YoY to Rs 708 crore during the period under review. EBITDA margin improved to 32% in Q2 FY25 as compared to 34% recorded in the same quarter previous year.

The company generated healthy operating cash surplus at Rs 1,211 crore in the second quarter of FY25.

DLF said: “The outlook for the residential business continues to be strong and our development business continues to exhibit steady performance. New sales bookings during the quarter were down to Rs 692 crore reflecting delay in receiving the requisite approvals for our new product launches. The approval for our super luxury offering-The Dahlias in DLF 5, Gurugram, have since been received in the early part of the current quarter. New sales bookings for the first half of the fiscal stands at Rs 7,094 crore and we remain on track to meet our guidance for the full fiscal.”

“Our rental business is experiencing a positive upturn and is demonstrating steady growth. Encouraged by these strong trends, we have accelerated our capex commitments to fuel growth of our rental portfolio and have commenced development of the subsequent phases of Downtown, Chennai and Downtown, Gurugram totaling around 11 msf which includes a large 2 msf (approximate) retail destination in Gurugram.

Our ongoing projects, including Atrium Place in Gurugram and 3 retail malls, remain on track to commence rents in the next fiscal. We believe that our business is well poised to leverage this structural upcycle backed by a significant land bank having high embedded potential, robust pipeline of new products across both development and rental business, strong balance sheet and consistent cash flow generation,” the real-estate developer added.

Meanwhile, the board has approved the amalgamation of 16 wholly-owned subsidiaries with DLF, subject to obtaining necessary approvals under applicable laws/ regulations, including approval of the applicable jurisdictional bench of the National Company Law Tribunal.

DLF is one of the oldest and largest real estate companies in India. It has a diverse asset portfolio across the real estate segment and is further expanding its presence across the country. The company has experience in developing real estate projects across business and customer segments.

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Net profit of DLF rose 121.76% to Rs 1381.08 crore in the quarter ended September 2024 as against Rs 622.78 crore during the previous quarter ended September 2023. Sales rose 46.55% to Rs 1975.02 crore in the quarter ended September 2024 as against Rs 1347.68 crore during the previous quarter ended September 2023.

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DLF will hold a meeting of the Board of Directors of the Company on 25 October 2024.

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DLF Ltd rose 3.19% today to trade at Rs 846.25. The BSE Realty index is up 3.05% to quote at 8057.89. The index is down 7.33 % over last one month. Among the other constituents of the index, Oberoi Realty Ltd increased 2.56% and Godrej Properties Ltd added 2.53% on the day. The BSE Realty index went up 85.93 % over last one year compared to the 20.83% surge in benchmark SENSEX.

DLF Ltd has added 1.23% over last one month compared to 7.33% fall in BSE Realty index and 0.49% drop in the SENSEX. On the BSE, 5318 shares were traded in the counter so far compared with average daily volumes of 1.32 lakh shares in the past one month. The stock hit a record high of Rs 967 on 01 Apr 2024. The stock hit a 52-week low of Rs 461.55 on 16 Aug 2023.

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