 "DLF Q3FY25 results: Consolidated net profit rises 61% to Rs 1,058.73 cr")
Realty major DLF on Friday reported a 61 per cent year-on-year (Y-o-Y) increase in its consolidated net profit for the third quarter of the current financial year (Q3FY25) at Rs 1,058.73 crore, up from Rs 655.71 reported in Q3FY24.
DLF’s revenue from operations grew marginally by 0.5 per cent to Rs 1,528.7 crore in Q3FY25 from Rs 1,521.2 crore reported in Q3FY24.
On a sequential basis, the Gurugram-based realtor’s net profit fell by 23 per cent and revenue by 22 per cent from Rs 1,381.2 crore and Rs 1,975 crore recorded in Q2FY25, respectively.
The net profit growth can be attributed to the company’s performance in development and rental businesses.
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DLF stated that its development business continued its growth trajectory in the ongoing quarter, after delivering record new sales bookings of Rs 12,093 crore in Q3FY25.
“Our latest super luxury offering, The Dahlias in DLF 5, Gurugram, performed exceptionally well, garnering Rs 11,816 crore of new bookings in the opening quarter,” the company added.
The company added that the overwhelming response to its new offering has resulted in the company surpassing its annual guidance.
For its rental business, DLF said that development of subsequent phases of Downtown, Chennai, and Downtown, Gurugram, totalling around 11 million square feet (msf) remains on track. “Our ongoing projects, including Atrium Place in Gurugram and three retail malls are expected to be completed soon with rents commencing in the next financial year,” it added.
The operating cash surplus generated during Q3FY25 was Rs 1,850 crore. Consequently, the net cash position stood at Rs 4,534 crore at the end of the period.
The company posted its results after market hours. On Friday, DLF’s stock fell by 2.80 per cent, ending the day’s trade at Rs 695.05 apiece on the BSE.