Page 11 - Dlf

Street rejoices DLF's strong Q4 performance, guidance; stock surges 7.4%

Real estate developers tend to have lumpy incomes and outflows, which makes profit and loss ratios less meaningful

BSE Realty index hits 8-month high; Mahindra Lifespace, DLF soar up to 7%

Since April, in past one-and-half months, the S&P BSE Realty index has rallied 21 per cent, as compared to 5.8 per cent rise in the S&P BSE Sensex.

DLF rallies 5%; hits multi-year high on healthy March quarter results

The company reported 40 per cent YoY growth in consolidated net profit at Rs 581 crore for the January-March quarter, driven by strong margins and revenue mix.

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DLF to launch projects worth Rs 20k cr, targets sale bookings of Rs 12k cr

Realty major DLF Ltd will launch projects worth Rs 19,710 crore for sale by March next year and aims to achieve sale bookings of around Rs 12,000 crore in this fiscal on strong housing demand. On Friday, DLF reported that its sale bookings jumped more than two-fold to a record Rs 15,058 crore last fiscal from Rs 7,273 crore in the previous year. The company clocked Rs 8,000 crore from a single luxury housing project "The Arbour" which was launched in Gurugram during the March quarter. A normalized sale for 2022-23 should really have been in the range of Rs 10,000-11,000 crore. We will still keep our head guided. And we will say that in FY24 we should still be looking at sales guidance of Rs 11,000-12,000 crore, DLF CEO Ashok Tyagi told investors on Saturday in a conference call. Buoyed by record sale bookings last fiscal, DLF has chalked out an aggressive launch pipeline for 2023-24 at 11.2 million square feet area with an estimated sales revenue potential of Rs 19,710 crore. The

DLF Q4 net profit jumps 41% YoY to Rs 570 crore; revenue down by 5.9%

The retail business also exhibited strong demand momentum and continues to operate at high occupancy levels

DLF Q4 profit up 40% to Rs 569.6 cr, net profit rises 36% to Rs 2,034 cr

Realty major DLF on Friday reported a 40 per cent increase in its consolidated net profit at Rs 569.60 crore in the quarter ended March 2023 on lower expenses. Its net profit stood at Rs 405.54 crore in the year-ago period. Total income fell to Rs 1,575.70 crore in the fourth quarter of this fiscal year from Rs 1,652.13 crore in the corresponding period of the previous year, according to a regulatory filing. DLF's net profit increased 36 per cent to Rs 2,033.95 crore in the last fiscal from Rs 1,500.32 crore in the 2021-22. Total income declined to Rs 6,012.14 crore in 2022-23 financial year from Rs 6,137.85 crore in the previous year. DLF is India's largest real estate developers in terms of market capitalisation.

DLF rallies 19% in 9 days, nears 52-week high on hopes of healthy sales

Analysts anticipate residential sales momentum will remain healthy amid sustained demand and new launch offtake, despite rate hikes.

These realty stocks can rally up to 12% once index conquers 200-DMA

If Nifty realty index succeeds to break through its 200-DMA, technically the bullish push may trigger further upside in realty stocks.

DLF, Godrej Prop: Realty stks still have room to build gains, say analysts

The pause, even if temporary, in the interest rate cycle is a positive development for the real estate sector and should see an increase in home-buying

NCR clears residential inventory faster than other markets in past 5 years

According to an Anarock report, NCR achieved a reduction of 43 months in its 5-year stock of homes, from 66 months by the first quarter of calendar year 2018 to 23 months by Q1 of 2023

DLF to invest Rs 3,500 cr in next 4 yrs on housing project in Gurugram

Realty major DLF will invest around Rs 3,500 crore over the next four years to construct a new luxury housing project in Gurugram as its seeks to tap strong demand for residential properties. DLF will develop a new group housing project 'The Arbour', which is spread over 25 acre and comprises 5 towers with a total of 1,137 premium apartments. DLF, the country's largest real estate firm in terms of market cap, sold all 1,137 units, each costing Rs 7 crore and above, for over Rs 8,000 crore within 3 days (February 15-17). In an interview with PTI, DLF Ltd CEO Ashok Tyagi said, "We will develop around 4.5 lakh square feet area in this new project." Asked about the construction cost, he said it will be between Rs 7,000-8,000 per square feet given the amenities promised in this luxury project. Tyagi said the overall construction cost has shot up due to increase in prices of key materials like cement and steel. The total construction cost will be around Rs 3,500 crore over the next fou

Nifty Realty index gains 3%; DLF, Prestige Estates, Lodha surge up to 5%

In past 2 days, DLF surged 9 per cent after the company said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days.

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DLF's luxury high-rise witnesses pre-launch sales of more than Rs 8,000 cr

Real estate major DLF has witnessed a record breaking pre-formal launch sales of more than Rs 8,000 crores for its luxury high-rise ;The Arbour' project in just 3 days

DLF sells 1,137 flats in Gurugram for over Rs 8,000 crore within 3 days

Realty major DLF Ltd on Thursday said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days, reflecting a strong demand for premium flats across major cities. In a regulatory filing, DLF informed that it has "witnessed record breaking pre-formal launch sales of Rs 8,000-plus crores for its luxury high-rise residences, The Arbour". DLF will build 1,137 4BHK apartments across five towers (38-39 storeys) in this 25-acre project. The project is located at Golf Course Extension Road, Sector-63 Gurugram. The project has been fully sold out within three days even before its launch, DLF said. Aakash Ohri, Group Executive Director and Chief Business Officer, DLF Ltd, said, "Our latest luxury offering, 'The Arbour' has received a phenomenal response even before it was launched." The interest shown by discerning homebuyers in the country and overseas is clearly an endorsement of the highly aspirational DLF

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Second commercial project in Chennai almost complete, says realty major DLF

Realty major DLF is in advanced stage of completing its second commercial project 'DLF Downtown' being set up at an outlay of Rs 3,200 crore in the city in a move that would strengthen its presence here, a top official said on Friday. The project aimed at serving clients engaged in the information technology (IT) and information technology enabled services (ITeS), banking, financial services and insurance sectors (BFSI) was expected to be completed by the end of the year, DLF Rental business managing director Sriram Khattar said here. DLF Cybercity Chennai, the first project undertaken by the realty developer in Chennai, on Friday marked the completion of 15 years of operation at Manapakkam in the city. A recreational and social venue 'The Hub' spread across five lakh sq ft land inside the campus of DLF Cybercity Chennai was also unveiled on the occasion. "DLF Downtown is coming up at Taramani at an outlay of Rs 3,200 crore. It is expected to commence operations before the end of th

Nannies on call, spas; India witnessing 'mad rush' for luxury housing

Many people want to upgrade their homes after the Covid-19 pandemic confined them indoors, industry executives say. Working from home has also led to a demand for larger apartments

DLF, Hindustan Aeronautics can bounce back, says Mehul Kothari; check why

According to the technical analyst from Anand Rathi, shares of Hindustan Aeronautics can bounce back to Rs 2,700, while DLF can jump to Rs 370.