DLF shares climb over 5% on strong Q3 results; 5 key takeaways you need to know

The company reported a 61% increase in its consolidated profit to ₹1,058.73 crore for the quarter under review.

Its net profit stood at ₹655.71 crore in the year-ago period.

Total income rose 5.7% to ₹1,737.47 crore in the third quarter of this fiscal from ₹1,643.51 crore registered in the corresponding period of the preceding year, according to a regulatory filing.

During the April-December period of the 2024-25 fiscal, the company's net profit rose to ₹3,084.62 crore from ₹1,803.71 crore in the year-ago period.

Total income grew to ₹5,648.12 crore in the first nine months of this fiscal from ₹4,641.64 crore in the corresponding period of the preceding financial year.

The company's gross margins stood at 52%.

• "Our development business continues its growth trajectory, delivering record new sales bookings of ₹12,093 crore during the quarter. Our latest super luxury offering, The Dahlias in DLF 5, Gurugram, performed exceptionally well, garnering ₹11,816 crore of new bookings in the opening quarter," it said.

• DLF added that the overwhelming response to its new offering has resulted in the company surpassing its annual guidance. New sales bookings for the first nine months of the fiscal year stand at ₹19,187 crore, it said further.

• The operating cash surplus generated during the quarter was ₹1,850 crore, consequently, the net cash position stood at ₹4,534 crore at the end of the period. DCCDL delivered another strong quarter. Q3FY25 consolidated revenue of DLF Cyber City Developers Limited (“DCCDL”) stood at ₹1,609 crore, reflecting y-o-y growth of 9%; consolidated profit for the quarter stood at ₹941 crore, registering a healthy growth of 117% as compared to Q3FY24, the press release added.

• DLF further said that its rental business continued to demonstrate steady growth, and it continues to have a positive outlook. "We have laid down a strong capex program to accelerate the build-out of our new products. Development of subsequent phases of Downtown, Chennai, and Downtown, Gurugram totaling around 11 msf remains on track. Our ongoing projects, including Atrium Place in Gurugram and 3 retail malls, are expected to be completed soon with rents commencing in the next fiscal," it added.

• "We believe that our business is well poised to leverage this structural upcycle backed by a significant land bank having high embedded potential, a robust pipeline of new products across both development and rental business, a strong balance sheet, and consistent cash flow generation," the company said further.

About DLF Ltd

DLF is the country's largest real estate firm in terms of market cap. It has a strong presence in the Delhi-NCR and Tamil Nadu markets.

The company has developed more than 185 real estate projects and an area of more than 352 million square feet since inception. The group has 220 million square feet of development potential across residential and commercial segments.

DLF share price trend

Shares of DLF Ltd have fallen nearly 10% in the past 12 months.