DLF reports net profit of Rs 1,268 crore, Y-o-Y growth of 37%
Rental income is expected to further grow with rent commencement of recently completed office block at DLF Downtown, Gurugram admeasuring approximately 2 msf,' the company said.
Company's latest super-luxury offering - The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the fiscal. This has resulted in the monetization of approximately 39% of the estimated total sales potential of this project within the first year of its launch.
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New Delhi: DLF reported net profit of Rs 1,268 crore, reflecting Y-o-Y growth of 37% as it reported record new sales booking of Rs 21,223 crore during the year.Company's latest super-luxury offering - The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the fiscal.This has resulted in the monetization of approximately 39% of the estimated total sales potential of this project within the first year of its launch.'We also launched the next phase of our luxury project - DLF Privana West, which garnered strong interest and witnessed complete sell out within a few days of the soft launch clocking approximately Rs 5,600 crore of new sales bookings,' the company said in a statement.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%.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%.'Occupancy levels across our rental portfolio saw gradual improvement and remained healthy at 94%. We expect sustained demand momentum across our annuity business and hence continue to judiciously invest towards growing our portfolio across geographies. Rental income is expected to further grow with rent commencement of recently completed office block at DLF Downtown, Gurugram admeasuring approximately 2 msf,' the company said.
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