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Informist, Monday, May 19, 2025

 

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--DLF Jan-Mar consol net profit INR 12.82 bln
--Analysts saw DLF Jan-Mar consol net profit INR 7.55 bln
--DLF Jan-Mar consol net profit INR 12.82 bln vs INR 9.21 bln year ago
--DLF Jan-Mar consol revenue INR 31.28 bln vs INR 21.35 bln year ago
--DLF to pay INR 6 per share dividend for FY25
--DLF FY25 consol net profit INR 43.68 bln vs INR 27.27 bln year ago
--DLF FY25 consol revenue INR 79.94 bln vs INR 64.27 bln year ago

 

By Rajesh Gajra

 

NEW DELHI – The largest real estate company in northern India DLF Ltd. beat analysts' expectations on its bottom line as well as its top line performance for the March quarter. But the company's on-year growth in net profit was still lower than that in the previous two quarters, while the revenue increase was a sharp bounce-back from a near-flat performance in the previous quarter.

 

The company reported a 39% rise in consolidated net profit for the latest quarter to INR 12.82 billion. Analysts had estimated a much lower consolidated net profit of INR 7.55 billion for the company. DLF's consolidated revenue jumped 47% on year to INR 31.28 billion, significantly above Street view of INR 22 billion. It was a sharp rise from a small 0.5% revenue increase in the December quarter and matched the strong 47% growth in the September quarter.

 

The consolidated gross margin was 47% in the March quarter, DLF said in an earnings press release. The earnings before interest, tax, depreciation, and amortisation of DLF in the March quarter were INR 11.98 billion.

 

The company said in the press release it recorded new sales bookings of INR 212.23 billion in the full financial year 2024-25 (Apr-Mar). The company had earlier reported new sales bookings of INR 191.87 billion in the three quarters till December. This indicated the company recorded new sales bookings of INR 20.36 billion in the March quarter. In the previous quarter, the company had reported a record high new sales bookings of INR 120.9 billion.

 

The new sales bookings from DLF's ultra luxury residential project in Gurugram, The Dahlias, were INR 137.44 billion for FY25, the company said in the earnings press release. The company had opened this project for bookings during the December quarter and had garnered new sales bookings of INR 118.16 billion in that quarter. This indicates in the March quarter DLF recorded new sales bookings of INR 19.28 billion for The Dahlias, making up a large chunk of the total new sales bookings.

 

Apart from the strong rise in revenue from operations, DLF's bottom-line performance in the March quarter was aided by a 21% on year rise in other income to INR 2.20 billion. The tax expenses were up by only 6% on year to INR 1.81 billion. Sequentially, DLF's consolidated net profit increased 21% and revenue from operations doubled in the March quarter.

 

DLF reported a net cash position of INR 68.48 billion at the end of March. The company had a net cash position of INR 45.34 billion at the end of December. DLF said Monday it will pay a share dividend of INR 6 per share for FY25.

 

For the full year, FY25, DLF's consolidated net profit rose 60% to INR 43.68 billion. The consolidated revenue from operations of the company increased 24% to INR 79.94 billion.

 

On Monday, shares of DLF ended 3% up at INR 737.65 on the National Stock Exchange of India.  End

 

Edited by Akul Nishant Akhoury

 

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