DLF

DLF Limited reported new sales bookings of over Rs 4,300 crores for the quarter, driven by the successful launch of The Westpark project in Mumbai. Cumulative sales for the first half reached over Rs 15,750 crores, aligning with company guidance. Collections stood at Rs 2,672 crores with high collection efficiency across projects. The company repaid Rs 963 crores of debt, reducing outstanding debt to Rs 1,487 crores, and paid Rs 1,485 crores in dividends (Rs 6 per share, reflecting 20% year-over-year growth). Consolidated revenue was Rs 2,262 crores with EBITDA of Rs 902 crores and PAT of Rs 1,171 crores, including a one-time impact of approximately Rs 600 crores from Tulsiwadi project settlement. CRISIL upgraded DLF's credit rating to AA with Stable Outlook. The rental business showed strong performance with DCCDL rental income growing 15% year-over-year to Rs 1,362 crores. Gross cash balance exceeded Rs 9,200 crores with approximately Rs 8,350 crores in RERA accounts. The company outlined upcoming launches including projects in Goa, Arbour 2, Panchkula, and additional phases of existing developments over the next 18 months.

DLF Ltd has sold 221 super-luxury flats worth Rs 15,818 crore in its 'The Dahlias' project in Gurugram through the September quarter. The 17-acre project, launched in October last year at DLF Phase 5, comprises 420 apartments and penthouses with an average price of Rs 72 crore per unit. A recent transaction involved a businessman purchasing 4 apartments totaling 35,000 sq ft for Rs 380 crore. The project contributed to DLF's record sales bookings of Rs 21,223 crore in 2024-25. DLF achieved sales bookings of Rs 15,757 crore during April-September, compared to Rs 7,094 crore in the same period last year. However, the company reported a 15% decline in consolidated net profit to Rs 1,180.09 crore for the second quarter, with revenue from operations falling to Rs 1,643.04 crore from Rs 1,975.02 crore year-over-year. DLF remains confident of meeting its annual pre-sales guidance of Rs 20,000-22,000 crore with existing inventories and upcoming launches.

DLF Limited announced quarterly results with net profit of ₹1,180.09 crores compared to ₹314.81 crores in the previous quarter. Revenue from operations reached ₹1,690.85 crores versus ₹1,477.60 crores in the prior quarter. The company reversed a previously charged impairment loss of ₹235.19 crores as exceptional income following a consent award settlement with Twenty Five Downtown Reality Limited (formerly Joyous Housing Limited). DLF received ₹251.10 crores from the settlement amount of ₹801 crores, with the balance secured by mortgage over residential real estate units. The company declared a dividend of ₹6 per equity share amounting to ₹1,485.19 crores. DLF faces ongoing legal matters including a ₹630 crores penalty from Competition Commission of India currently under appeal at the Supreme Court, land cancellation cases related to IT SEZ projects, and SEBI restrictions that were overturned by Securities Appellate Tribunal but remain under Supreme Court review.