DLF sets Rs 20,000–22,000 cr sales target for FY26, eyes launches in Mumbai, Goa & Gurgaon
Country's largest real estate developer
DLF
has given Rs 20,000-22,000 crore sales guidance for FY26 as it is expected to launch 29 million sq ft in the medium term, which has a sales potential of Rs 73,900 crore.
During the FY25 investors call on Tuesday, company's executive said that it will launch projects in Mumbai, Goa and Gurgaon in the current financial year.
'Be it sales, collections, cash flow, net debt, profitability or rentals, it's been extremely strong performance across the board. There is one more metric that we care is return on equity and we have crossed over to the double digit mark and hopefully we will keep on improving year to year in this space,' DLF managing director Ashok Kumar Tyagi said during the analyst call.
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DLF has reported new sales bookings of Rs 21,223 crore against the guidance of Rs 17,000-18,000 crore in FY25.
'Housing demand for quality products is continuously there, Gurgaon today has become a very solid investment option too. There is housing demand for sale as well as rentals and therefore, a lot of people are investing in the
DLF real estate
as an asset class, which they prefer. In addition, NRIs or buyers from the rest of India have also started to invest in Gurgaon in a reasonably big way,' said said Aakash Ohri, joint managing director and chief business officer at DLF Homes.
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DLF reported net profit of Rs 1,268 crore, reflecting Y-o-Y growth of 37%.
For the full year, DLF's consolidated revenue stood at Rs 8,996 crore while net profit stood at Rs 4,357 crore, reflecting Y-o-Y growth of 59%.
Company's Mumbai entry, which got delayed, is expected to happen this year.
'While Mumbai as a geography interests, but having said that, we don't have any doubts that our center of gravity will remain NCR. NCR today is one of the deepest and one of the widest markets that exist in the country,' Tyagi said.
DLF had planned 37 million sq ft of launched with the sales potential of Rs 1,14,500 crore from FY25 onwards. It has already launched 35% in FY25 and about 15% is planned to be launched in FY26.
'While our sales are running at Rs 20,000 crore level, we internally chase two metrics which is the free cash flow that we are generating and embedded margins that we are generating. We clearly want to be in a situation where our embedded margin on annual basis contribute in the 5 figure range,' said Tyagi.
For FY25 consolidated revenue of
DLF Cyber City Developers
Limited, company's rental arm stood at Rs 6,448 crore while EBITDA stood at Rs 4,949 crore, reflecting a y-o-y growth of 11%; consolidated profit for the year stood at Rs 2,461 crore, a y-o-y growth of 46%.
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