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Informist, Friday, Oct. 31, 2025

--DLF: Will enter Noida market as and when we get a good deal 

--CONTEXT: DLF mgmt comments in post Jul-Sept earnings analyst call 

--DLF: Expect up-tick in collections in Oct-Mar 

--DLF: Not in hurry to monetise asset classes like Real Estate Invest Trusts 

By Kabir Sharma and Madhu Kumar

MUMBAI – DLF Ltd. expects collections to pick up in the second half of the current financial year, the management of the company said in an analyst call on Friday. "...collection is dependent on the timing of the construction, how the construction develops, and it's all payment related. Our collection efficiency remains extremely high across all our projects. In the second half, many of the milestones will come in, and you should expect up-tick in the overall collections in the next two quarters of this financial year. On an average, I would say 13,000 to 14,000 crores (INR 130 billion to INR 140 billion) is the number broadly going forward," the management said.

The company's consolidated net profit for the reporting quarter fell nearly 15% on year to INR 11.80 billion, compared with INR 13.81 billion a year ago and higher than analysts' expectation of INR 9.49 billion. Its revenue came in at INR 16.43 billion compared with INR 19.75 billion in a year-ago quarter and way below the Street's view of INR 22.74 billion.

As far as Noida is concerned, the company is prepared to enter that market, the management said. "...if you ask me whether I am prepared for Noida, the answer is yes. We will come into Noida as soon as we get a good deal. We just want to make sure that, for us it's an opportunity cost of time and money and energy," they said. 

The company is not looking at raising funds via real eastate investment trusts or REITs at least in the medium term, officials from the company said. "Right now, there does not seem to be any imminent plans of that. So, at least for the next three years possibly, we are not looking at anything serious," they said. 

Talking about the in-construction projects, the management of the company said that Gurgaon is a total development of about seven and a half million square feet. "Construction is now in full swing and we expect to be completed by mid-28 (2028). In Chennai, our four and five constructions are also in full swing and Chennai is ahead of program by about six to eight months. So, we should finish the construction of that by beginning of 28 (2028)," they said. 

On Friday, the company's shares closed 2.6% lower at INR 756.25 on the National Stock Exchange. The realty major released its quarterly earnings after market hours.  End

Edited by Akul Nishant Akhoury

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