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DLF Ltd.

BSE: 532868 Sector: Infrastructure
NSE: DLF ISIN Code: INE271C01023
BSE 12:22 | 24 May 329.70 -1.00
(-0.30%)
OPEN

332.40

HIGH

333.75

LOW

328.30

NSE 12:09 | 24 May 329.75 -1.15
(-0.35%)
OPEN

331.45

HIGH

333.75

LOW

328.00

OPEN 332.40
PREVIOUS CLOSE 330.70
VOLUME 73731
52-Week high 449.80
52-Week low 267.70
P/E 53.61
Mkt Cap.(Rs cr) 81,611
Buy Price 329.75
Buy Qty 111.00
Sell Price 329.85
Sell Qty 1.00
OPEN 332.40
CLOSE 330.70
VOLUME 73731
52-Week high 449.80
52-Week low 267.70
P/E 53.61
Mkt Cap.(Rs cr) 81,611
Buy Price 329.75
Buy Qty 111.00
Sell Price 329.85
Sell Qty 1.00

DLF Ltd. (DLF) - Chairman Speech

Company chairman speech

Dear Shareholders

I trust your loved ones and you are well and safe. We are hopefully emerging frompossibly the most challenging period of our lives and I extend my heartfelt condolences toall who have suffered during this calamity. We at DLF in our own small way undertook alarge number of initiatives to assist the underprivileged including providing hundreds ofthousands of meals and support kits for them. We also set up a Covid Care centre for ouremployees in record time and helped augment the supply chains of critical covid careitems. Our office campuses across the country remained operational throughout thepandemic. DLF health and safety teams continue to research and implement the higheststandards of global safety practices to ensure a sanitized working environment allowingfor return of staff to the workplace.

Our best hope of resuming normal life and economic activity rests on our populationgetting vaccinated and we have taken all steps to have our employees their families andall stakeholders get vaccinated on a war footing.

Notwithstanding the unprecedented challenges faced last year DLF has delivered arobust performance. Your Company recorded consolidated revenue of Rs 5945 crore newsales bookings of Rs 3084 crore and total comprehensive income of Rs 1086 crore. Thesenumbers acquire special significance given the disruptions in the economy faced during theyear. Our Rental business did well to sustain strong operations and recorded a turnover ofRs 4385 crore and total comprehensive income of Rs 913 crore.

The Residential business has shown strong resilience since October 2020. There has beenan upswing in demand across all segments from affordable and mid income to the Luxury andSuper luxury end of the market. In view of positive market conditions your Company haslined up a very strong pipeline of new product offerings across the next few quarters. Ourinitial launches of Independent Floors in Gurugram have met with great success. Sales ofexisting inventory has also gathered traction in all our geographies. Our marquee projectThe Camellias has emerged as India's finest residential address and has been witnessingvery strong demand by discerning customers.

The Rental Business faced some short-term challenges due to the pandemic. While ourOffice business remains stable our retail Malls were affected by the lock down but noware showing encouraging signs of recovery since the restrictions started easing. Wecontinue our Capex Buildout cycle with the construction of two state-of-the-art Officecomplexes namely Downtown Gurugram and Downtown Chennai. You will be glad to know that thepreleasing in both these locations is encouraging. Your Company is also developing a ~0.28 million square meter (msm) [3.0 million square feet (msf)] office complex in Gurugramin partnership with ADIA & Hines. In addition to this we are also constructing alarge data centre in Noida for one of Singapore's largest Telecom companies.

Our employees are the backbone of our Company. They have displayed exemplary grit andcommitment and I would like to take this opportunity to thank each one for theircontribution during these challenging times. We continue to work to develop a youngenergetic and competent leadership team who are steering us through this crisis. You wouldbe glad to know that the Company despite the pandemic did not avail of the moratoriumannounced by the RBI. The Company also used this year to rationalise its cost structuresuccessfully and streamline its processes.

It gives me immense pride to share with you all that DLF was recognised as an Indexcomponent of the Dow Jones Sustainability Indices (DJSI) in the Emerging Markets category.This recognition is a significant achievement and demonstrates DLF's track record for itsenvironment social and governance initiatives. We will continue to pursue all ourbusiness goals with the highest standards of governance and compliance.

I am grateful to all our stakeholders and partners for their support my fellow Boardmembers for their commitment and continued guidance the management team and employees fordiligently carrying forward the Company's vision and strategy. During the last year ourjoint CEOs and Whole-time Directors Mr. Mohit Gujral and Mr. Rajeev Talwarsuperannuated. Their leadership was invaluable during the last decade. Two of our seniormost Independent Directors Dr. K.N. Memani and Dr. D.V. Kapur also completed theirrespective terms. We are grateful to all of them for their immense contributions to theBoard & the Company in all aspects.

I firmly believe that DLF has the abilities to seize opportunities which shall surelycome our way. We shall continue to strive through our well thought out strategyorganisational effectiveness and a healthy balance sheet to make your Company come outeven stronger in the years ahead.

With best wishes Sincerely

Rajiv Singh Chairman

.