Page 7 - Dlf

DLF Q2 results: Profit more than doubles to Rs 1,381 cr, revenue up 48%

Realty major DLF on Friday reported a more than two-fold jump in its consolidated net profit to Rs 1,381.08 crore for the quarter ended September 2024. Its net profit stood at Rs 622.78 crore in the year-ago period. The total income rose to Rs 2,180.83 crore during the April-September period of the 2024-25 fiscal from Rs 1,476.42 crore in the corresponding period of the preceding year, according to a regulatory filing. DLF is the country's largest real estate firm in market capitalisation.

Q2 results today: Indigo and Macrotech among 148 to post earnings on Oct 25

Q2FY25 company results: Bharat Petroleum, Hindustan Petroleum, Bharat Electronics, and Zee Media are among 148 companies to release their quarter earnings report on October 25

Ajit Mishra of Religare Broking recommends buying these three stocks today

The markets continued their downward trend, losing nearly half a percent as part of the ongoing correction.

Flats for Rs 100 cr: DLF to launch India's costliest project in Gurugram

The sales value of DLF The Dahlias is equivalent to the combined total sales value of notable projects such as Three Sixty West by Oberoi Realty in Mumbai, DLF Camellias in Gurugram, and Naman Xana

Buy & Sell Ideas for Sep 16; top stock picks by Rajesh Bhosale of Angel One

For over 8 months, CEAT has faced resistance around the 2,900 level. However, prices have now broken this range, confirming a strong 'Inverse Head and Shoulders' breakout

JM Financial initiates coverage on real estate; bets on THESE 5 stocks

JM Financial on real estate stocks: Driven by an exceptional performance in financial year 2023-24 (FY24), brokerage firm JM Financial has initiated coverage of the real estate sector

Ambani, Bajaj, Birla collectively hold $460 bn, equating to Singapore's GDP

India's most valuable family businesses are collectively worth a whopping Rs 6,009, 100 crore, as per anewly released report which has unveiled the country's most influential family-owned enterprises.

Real estate majors DLF, Macrotech among most valued family businesses

Sobha's Ravi PNC Menon and Macrotech's Abhishek Lodha found places in the list of the youngest leaders in the 2024 Barclays Private Clients Hurun India most valuable real estate family businesses

DLF appoints 1981 batch-IRS officer Mahender as independent director

DLF Ltd has appointed Mahender Singh as independent director for a period of five years. In a regulatory filing, the company informed that the board of directors approved, the appointment of Mahender Singh as an independent director for a period of five consecutive years with effect from August 7, 2024. This is subject to the approval of the shareholders. Singh, who holds a master's degree in English, is an IRS (Customs and Central Excise) officer of the 1981 batch. With a career spanning 37 years, he has held various important positions in direct Taxation i.e. Customs, Central Excise and Service Tax. He superannuated as Member (GST), Central Board of Indirect Taxes and Customs in December 2018. In March 2019, Singh was appointed as Member of the first Lokpal of India. He superannuated in March 2024.

Nifty Realty up 2.5% on July 29; what's driving the rally? Analysts weigh

A major driver behind this rally, analysts said, is DLF's strong June quarter performance.

DLF's growth potential anchors market confidence, brick by brick

Constructing value: With fortified finances, real estate major builds on sector consolidation

DLF plans to launch Rs 1.04 trn worth real estate projects in medium term

Realty major DLF plans to launch nearly 37 million square feet area for sale in the medium term across various cities with revenue potential of Rs 1.04 lakh crore as part of its strategy to encash strong demand for luxury homes. In its latest investor presentation for the April-June quarter, DLF informed about the "planned launches of Rs 1+ lakh crore (36 million square feet) of new products over the medium term". Giving the break-up, the company said a 12.8 million square feet area will be launched for sales this fiscal with a revenue potential of Rs 42,000 crore. In the subsequent years, DLF intends to launch a 24 million square feet area having a gross development value of Rs 62,500 crore. Out of the total Rs 1,04,500 crore worth projects that it intends to launch in medium term, only Rs 1,000 crore worth is planed from commercial properties and the remaining from the housing segment. These projects, largely residential, will be launched primarily in Delhi, Gurugram, Chandigar

Realty major DLF retains sales bookings target at Rs 17,000 crore for FY25

Realty major DLF has maintained sales bookings guidance of Rs 17,000 crore with likely upside for this fiscal and said it has receivables of around Rs 21,000 crore from customers compared to residual construction expenses of about Rs 11,000 crore on ongoing projects. In a conference with analysts, DLF Managing Director Ashok Tyagi also asserted that the withdrawal of indexation benefit for calculating long term capital gain (LTCG) tax on property sales would not have "much bearing" on consumer demand. When asked whether the company would revise its sales bookings guidance upwards, Tyagi said the company would stick to its target with possible upside and might issue fresh guidance after the second quarter when there would be clear visibility of launches of projects. DLF's sales bookings jumped over three-fold to Rs 6,404 crore during the first quarter of this fiscal on strong demand for its luxury housing properties. The company had sold properties worth Rs 2,040 crore in the year-ag

DLF sales jump over 3X to Rs 6,404 cr in Q1 on high demand for luxury homes

Realty major DLF's sales bookings jumped over three-fold to Rs 6,404 crore during the first quarter of this fiscal on strong demand for its luxury housing properties. The company had sold properties worth Rs 2,040 crore in the year-ago period. DLF has given guidance to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year as against nearly Rs 15,000 crore in the preceding year. According to its latest investor presentation, the company's sales bookings in the April-June quarter were driven by its luxury project 'DLF Privana West' at Sector 76/77, Gurugram that saw sales of Rs 5,600 crore. In its super-luxury housing project 'The Camellias' at DLF 5, Gurugram, the company sold 4 units for Rs 251 crore. On Thursday, DLF reported a 23 per cent increase in its consolidated profit to Rs 645.61 crore in the first quarter of this fiscal. Its net profit stood at Rs 527 crore in the year-ago period. Total income rose to Rs 1,729.82 crore during the April-J

DLF Q1FY25 results: Profit increases 23% to Rs 645.61 cr on higher income

Total income rose to Rs 1,729.82 crore during the April-June period of this fiscal from Rs 1,521.71 crore in the corresponding period of the previous year, according to a regulatory filing

Realty indexation benefit gone, tax rate cut in Budget 2024. Stock strategy

Union Budget 2024-25 impact: DLF, Brigade Enterprises, Prestige Estates, Godrej Properties and Sunteck Realty dropped up to 5 per cent afer FM proposed to withdraw indexation benefit on house resale.

Realty check: Avoid buying commercial real estate stocks, caution analysts

On the bourses, shares of Prestige Estates, Oberoi Realty, Brigade Enterprises, DLF, Embassy REIT, and Mindspace Business Parks REIT, have surged in the range of 11 to 214 per cent

DLF to expand housing, commercial property biz: Chairman Rajiv Singh

Realty major DLF will focus on expanding its business to develop residential and commercial projects and is entering new markets Mumbai and Goa to tap into growth opportunities, its Chairman Rajiv Singh said. In his message to shareholders in the annual report, Singh said the company will continue to focus on corporate governance, operational excellence and upholding the value of the company's founders. "Our focus is to expand both our businesses, residential and commercial. The residential business continued its growth momentum, we witnessed an uptick in new sales bookings, coupled with record sales collections. "The markets response to our products continues to be very encouraging. It is with this conviction that we are entering new geographies like Mumbai and Goa," he said. While the company continues to launch new projects in Delhi-NCR, Singh said the company's strategy is to introduce a diverse range of offerings to meet the aspirational needs of the market. DLF has achieved

Real estate stocks strategy: Do not cash out fully, say analysts

residential sales across the top seven cities (National Capital Region, Mumbai Metropolitan Region, Bengaluru, Pune, Hyderabad, Chennai and Kolkata) slipped 8 per cent quarter-on-quarter in Q1-FY25

DLF rental arm DCCDL's office rental income rises 7% to Rs 3,460 cr in FY24

DLF's joint venture firm DCCDL's rental income from office buildings increased 7 per cent annually to Rs 3,460 crore in the last fiscal, driven by rent appreciation and expansion of the asset portfolio. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. DCCDL has an operational rental portfolio of 41.9 million square feet, of which 37.9 million square feet area is office space and 4 million square feet retail real estate. According to an investor presentation of DLF, the DCCDL's rental income from office buildings increased to Rs 3,460 crore in 2023-24 from Rs 3,232 crore in the preceding year. The rental income from retail assets (malls and shopping centres) rose 18 per cent to Rs 865 crore last fiscal from Rs 735 crore in 2022-23. Service and other operating income grew 14 per cent last fiscal to Rs 1,489 crore from Rs 1,311 crore in the preceding year. "DLF's ren