DLF Q2 results on October 25: Sales booking and project launches to be in focus amid expectation of marginal revenue growth

The Gurugram-based realty company will report its financial results on Friday, October 25. Investors will watch out for new sales booking numbers, new project launches as well as project pipeline, rental business growth and commentary on residential segment demand in the second quarter results.

DLF will hold an analyst call at 12:30 pm on Saturday, October 26, to discuss the financial results for the quarter and half year ended September 30, 2024. The analysts and investors will also keep a watch on the business outlook of the company.

DLF may post single-digit revenue growth

According to Investing.com estimate, DLF is likely to report revenue in the range of ₹1,391 crore for the July-September quarter, up by 3% YoY and around 2% on a sequential basis compared to the June quarter.

New sales bookings

Investors will focus on new sales bookings in the September quarter. The company had reported a sharp 214% YoY jump in new sales bookings in the first quarter of FY25, primarily driven by the ₹5,600 crore Gurgaon luxury project DLF Privana West which was almost sold out after launch.

New sales bookings were ₹6,404 crore in the June quarter against ₹2,040 crore in the year-ago period.

New project launches

The investors will also focus on new project launches by the company which could drive future growth. The company in the first quarter had highlighted a structural upcycle in the residential segment which was pushing DLF to strengthen its new product pipeline.

DLF has projected a strong launch pipeline of an additional 9 million sqft of new products during the fiscal, across various segments and geographies including Gurugram, Mumbai, Goa and Chandigarh Tri-city. The total projected sales potential of these projects is around ₹27,500 crore.

Steady growth in rental business expected

Experts anticipate DLF to report a steady growth in its rental business. The company reported steady performance in the first quarter of FY25 as consolidated revenue of DLF Cyber City Developers Limited stood at ₹1,553 crore, reflecting YoY growth of 10%, while consolidated profit for the quarter stood at ₹470 crore, registering a YoY growth of 20%.

DLF has a positive outlook on the rental business and is accelerating its capex commitments to further strengthen the rental portfolio and deliver healthy growth.

DLF reported a 23% rise in Q1 net profit

DLF reported a 23% YoY increase in consolidated net profit to ₹646 crore in the June quarter on healthy sales bookings. Revenue from operations stood at ₹1,362.35 crore in Q1FY25 against ₹1,423.23 crore in the year-ago period.

EBITDA dropped by 42.3% to ₹228.7 crore in the June quarter compared to ₹396.2 crore in the year-ago period. EBITDA margin was 16.8% in Q1FY25 against 27.8% in Q1FY24.

DLF share price

DLF shares were trading with gains ahead of results. The stock rallied up to 1.61% to hit an intraday high of ₹818 per share on the NSE on Thursday. However, later gave up all gains to close in red or 0.34% lower at ₹802.6 apiece.

Shares of DLF Limited have dropped 7% in the last five sessions while declining more than 12% in the past month. The stock has, however, gained 10% so far this year and nearly 50% in the last 12 months. .