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DLF reports net profit of Rs 1,268 crore, Y-o-Y growth of 37%

DLF reports net profit of Rs 1,268 crore, Y-o-Y growth of 37%

Time of India20-05-2025

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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Land talks begin for Purandar airport, amid 3,000 objections from farmers in 7 villages
Land talks begin for Purandar airport, amid 3,000 objections from farmers in 7 villages

Time of India

time36 minutes ago

  • Time of India

Land talks begin for Purandar airport, amid 3,000 objections from farmers in 7 villages

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Tired of too many ads? go ad free now Originally given to Maharashtra Airport Development Company (MADC), the Purandar project - seen by many as critical to Pune's growth - was transferred to MIDC following sustained farmer opposition. The MIDC now plans to raise Rs 3,500 crore from private investors to acquire 2,732 hectares, including an additional 70 hectares from the forest department. Deputy Collector (Land Acquisition) Kalyan Pandhare said the process would be completely transparent, with the state planning to acquire 90% of land with 10% returned to farmers as developed plots. "There will be no injustice to people," Pandhare said. Altogether, more than 2,000 families would need to be compensated for their property, but with many farmers demanding payments in full, high compensation rates and partial return of land, the challenges for officials remain significant. 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Stock Radar: MGL trades above upwards sloping trendline, reclaims 100-EMA; check target & stop loss

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