DLF Ltd share Price Today

DLF is one of the leading property developers in south India. Its offerings include Grade-A commercial property, affordable to ultra-premium housing in the real estate business and operational marquee hotel assets in the hospitality segment.

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Realty company DLF announced Q3FY24 results:

Financial Overview

• Revenue: DLF reported a consolidated revenue of Rs 1,644 crore.
• Gross Margins: The company achieved gross margins of 56%.
• EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood at Rs 633 crore.
• Net Profit: A net profit of Rs 649 crore was recorded, which is a YoY growth of 26%.
• Cash Generation: The operations resulted in healthy surplus cash generation amounting to Rs 1,108 crore.

Sales Performance

• New Sales Bookings: The highest quarterly new sales bookings amounted to Rs 9,047 crore.
• Product Launches: Three new products were launched, totaling over 5 million square feet (msf).

Operational Highlights

• Net Cash Position: The net cash position improved to Rs 1,246 crore at the end of the quarter.
• Real Estate Projects: Multiple real estate projects were successfully launched during the quarter.
• Occupancy Levels: Office spaces saw healthy occupancy levels, with the non-SEZ segment operating at an occupancy level of 97%, while the pre-leasing rate for new office developments in Gurugram and Chennai is approximately 91%.
• Retail Business Growth: The retail segment continued to exhibit healthy growth with a focus on expanding the retail portfolio.

Rental Portfolio

• DCCDL Results: DLF Cyber City Developers Limited (DCCDL) posted a quarter revenue of Rs 1,476 crore, marking an 8% YoY growth, and a net profit of Rs 434 crore, up by 21% YoY.
• Credit Rating Upgrade: DCCDL received an ICRA credit rating upgrade to AA /Stable.
• SEZ Regulations: The impact of the government's decision to amend SEZ regulations, allowing for floor-wise denotification, is anticipated to aid recovery in the SEZ segment.

Result PDF