Latest news with #DCCDL
Economic Times
5 days ago
- Business
- Economic Times
DLF-GIC JV firm DCCDL Q1 profit rises 26 pc to Rs 593 cr on higher rental income
DLF and GIC joint venture firm DCCDL's net profit rose 26 per cent to Rs 593 crore during the June quarter on the back of higher income from rent-yielding commercial properties. ADVERTISEMENT The net profit of DLF Cyber City Developers Ltd (DCCDL) stood at Rs 470 crore in the year-ago period. Total income grew 12 per cent to Rs 1,739 crore during April-June period of this fiscal year from Rs 1,553 crore in the corresponding period of the preceding year. The DCCDL is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. DCCDL has a total operational portfolio of 44 million sq ft of commercial spaces (office and retail) across various cities, including Gurugram. The net debt of joint venture firm stood at Rs 17,287 crore at the end of the quarter. ADVERTISEMENT DLF Group is primarily engaged in the business of building and sale of residential properties (development business) and the construction and leasing of commercial and retail properties (annuity business). The bulk of the commercial assets of DLF Group is parked in the DCCDL. ADVERTISEMENT Apart from the JV, DLF Ltd directly owns a small portfolio of about 2 million sq ft of office and retail spaces. Addressing shareholders at an AGM on August 4, DLF Chairman Rajiv Singh said India's biggest realty firm DLF has set an "ambitious" target to cross annual rental income of Rs 10,000 crore in the medium term from the company's commercial properties. ADVERTISEMENT At present, the DLF Group, including the DCCDL, has an annuity portfolio (primarily office complexes and shopping malls) of about 46 million sq ft with an annual rental income of over Rs 6,000 crore. He told shareholders that the company's annuity portfolio, encompassing offices, retail and hospitality, continues to exhibit steady growth. ADVERTISEMENT The chairman said new buildings in 'Downtown Gurugram' and Chennai projects are completed. Additionally, three new retail properties are set to open in the near future, further strengthening its portfolio. "We remain equally excited and committed to grow our annuity portfolio and have set an ambitious target for ourselves to cross annual rental revenues of Rs 10,000 crore in the medium-term," Singh had said at the AGM. Since inception, DLF has developed more than 185 real estate projects and developed an area of more than 352 million sq ft. The group has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
DLF-GIC JV firm DCCDL Q1 profit rises 26 pc to Rs 593 cr on higher rental income
DLF and GIC joint venture firm DCCDL's net profit rose 26 per cent to Rs 593 crore during the June quarter on the back of higher income from rent-yielding commercial properties. The net profit of DLF Cyber City Developers Ltd (DCCDL) stood at Rs 470 crore in the year-ago period. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Total income grew 12 per cent to Rs 1,739 crore during April-June period of this fiscal year from Rs 1,553 crore in the corresponding period of the preceding year. The DCCDL is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. DCCDL has a total operational portfolio of 44 million sq ft of commercial spaces (office and retail) across various cities, including Gurugram. Live Events The net debt of joint venture firm stood at Rs 17,287 crore at the end of the quarter. DLF Group is primarily engaged in the business of building and sale of residential properties (development business) and the construction and leasing of commercial and retail properties (annuity business). The bulk of the commercial assets of DLF Group is parked in the DCCDL. Apart from the JV, DLF Ltd directly owns a small portfolio of about 2 million sq ft of office and retail spaces. Addressing shareholders at an AGM on August 4, DLF Chairman Rajiv Singh said India's biggest realty firm DLF has set an "ambitious" target to cross annual rental income of Rs 10,000 crore in the medium term from the company's commercial properties. At present, the DLF Group, including the DCCDL, has an annuity portfolio (primarily office complexes and shopping malls) of about 46 million sq ft with an annual rental income of over Rs 6,000 crore. He told shareholders that the company's annuity portfolio, encompassing offices, retail and hospitality, continues to exhibit steady growth. The chairman said new buildings in 'Downtown Gurugram' and Chennai projects are completed. Additionally, three new retail properties are set to open in the near future, further strengthening its portfolio. "We remain equally excited and committed to grow our annuity portfolio and have set an ambitious target for ourselves to cross annual rental revenues of Rs 10,000 crore in the medium-term," Singh had said at the AGM. Since inception, DLF has developed more than 185 real estate projects and developed an area of more than 352 million sq ft. The group has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline.
News18
5 days ago
- Business
- News18
DLF-GIC JV firm DCCDL Q1 profit rises 26 pc to Rs 593 cr on higher rental income
New Delhi, Aug 6 (PTI) DLF and GIC joint venture firm DCCDL's net profit rose 26 per cent to Rs 593 crore during the June quarter on the back of higher income from rent-yielding commercial properties. The net profit of DLF Cyber City Developers Ltd (DCCDL) stood at Rs 470 crore in the year-ago period. Total income grew 12 per cent to Rs 1,739 crore during April-June period of this fiscal year from Rs 1,553 crore in the corresponding period of the preceding year. The DCCDL is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. DCCDL has a total operational portfolio of 44 million sq ft of commercial spaces (office and retail) across various cities, including Gurugram. The net debt of joint venture firm stood at Rs 17,287 crore at the end of the quarter. DLF Group is primarily engaged in the business of building and sale of residential properties (development business) and the construction and leasing of commercial and retail properties (annuity business). The bulk of the commercial assets of DLF Group is parked in the DCCDL. Apart from the JV, DLF Ltd directly owns a small portfolio of about 2 million sq ft of office and retail spaces. Addressing shareholders at an AGM on August 4, DLF Chairman Rajiv Singh said India's biggest realty firm DLF has set an 'ambitious" target to cross annual rental income of Rs 10,000 crore in the medium term from the company's commercial properties. At present, the DLF Group, including the DCCDL, has an annuity portfolio (primarily office complexes and shopping malls) of about 46 million sq ft with an annual rental income of over Rs 6,000 crore. He told shareholders that the company's annuity portfolio, encompassing offices, retail and hospitality, continues to exhibit steady growth. The chairman said new buildings in 'Downtown Gurugram' and Chennai projects are completed. Additionally, three new retail properties are set to open in the near future, further strengthening its portfolio. 'We remain equally excited and committed to grow our annuity portfolio and have set an ambitious target for ourselves to cross annual rental revenues of Rs 10,000 crore in the medium-term," Singh had said at the AGM. Since inception, DLF has developed more than 185 real estate projects and developed an area of more than 352 million sq ft. The group has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline. PTI MJH TRB view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hindustan Times
04-08-2025
- Business
- Hindustan Times
DLF net profit rises by 19% to ₹766 crore in Q1FY26, new sales bookings up by 78% to ₹11,425 crore
Delhi-NCR-based listed real estate developer DLF Limited announced on August 4 that it reported a net profit of ₹766 crore in Q1FY26, 19% more than during the same period last year. The company's consolidated revenue stood at ₹2,981 crore. The company said in Q1FY26 its consolidated revenue of DLF Cyber City Developers Limited ('DCCDL') stood at ₹ 1,739 crore. (Picture for representational purposes only)(DLF) The company said its new sales bookings for the first quarter stood at ₹11,425 crore, a 78% increase compared to the same period last year. DLF attributed the new sales bookings to the encouraging response to its latest luxury launch, DLF Privana North in Gurugram. "Our disciplined capital management led to further strengthening of our balance sheet. Our business continues to generate a healthy cash surplus, leading to further improvement in our net cash position. Consequently, the net cash position further improved to ₹7,980 crore at the end of the quarter," the company said in a statement. According to the company, it remains enthused on the strong prospects of the housing demand backed by a resilient economy, growth-oriented policies of the government & central bank, increasing desire for home ownership, and strong preference towards large, credible and branded players. Also Read: DLF, Macrotech, IHC among India's most valuable real estate companies: Grohe-Hurun list "We stay committed and focused on leveraging these tailwinds to offer high-quality products," the company said. Also Read: DLF profit surges 39% in January-March quarter to touch ₹1282 cr; sales bookings up 44% to clock ₹21,223 cr in FY25 Annuity business performance The company said its annuity business remains steadfast towards its growth trajectory and delivered another period of steady and consistent growth. The company said in Q1FY26 its consolidated revenue of DLF Cyber City Developers Limited ('DCCDL') stood at ₹1,739 crore, EBITDA stood at ₹1,356 crore, reflecting a y-o-y growth of 14%; consolidated profit for the quarter stood at ₹593 crore, a y-o-y growth of 26%. "We continue to witness strong demand for our portfolio, leading to healthy occupancy levels at 94%. We commissioned an additional block of 1.1 million sq ft at DLF Downtown during the quarter, cementing our presence in the growing commercial market of Chennai," the company said in its statement. Also Read: DLF sells out Phase 1 of Mumbai debut project: 20% buyers are NRIs from Mumbai, penthouses sold for ₹70,000 per sq ft "We believe that our business is well poised to leverage this structural upcycle backed by a significant land bank having high embedded potential, a robust pipeline of new products across both development and rental business, a strong balance sheet and consistent cash flow generation. We remain committed to delivering consistent and profitable growth," the company statement added.
Time of India
13-07-2025
- Business
- Time of India
DLF reports 32% jump in consolidated revenue in FY25
NEW DELHI: DLF has posted a robust financial performance for the fiscal year ending March 31, 2025 (FY25), reporting a 32% increase in consolidated revenue at ₹7,376 crore, up from ₹5,574 crore in the previous fiscal. Net profit after tax stood at ₹2,744 crore, marking a 26% year-on-year rise, compared to ₹2,172 crore in FY24. The growth was driven by strong housing demand, consistent execution across key projects, and higher average price realizations across its development portfolio. Sales and collections surge The company achieved gross new sales bookings of ₹14,778 crore in FY25. While this figure is marginally lower than FY24's ₹15,058 crore, the company emphasized that sustained demand for luxury and premium projects remained resilient. Collections during the year stood at ₹10,035 crore compared to ₹8,084 crore in FY24, registering a 24% growth. Net debt down to ₹2,068 crore The company's net debt declined to ₹2,068 crore as of March 31, 2025, from ₹3,876 crore a year earlier. The net debt to equity ratio stood at 0.05x, among the lowest in the industry. Rental business and DCCDL DLF Cyber City Developers (DCCDL), the group's rental arm in partnership with GIC, posted a consolidated revenue of ₹5,301 crore, up 12% from ₹4,726 crore in FY24. EBITDA grew 10% to ₹2,254 crore, while net profit came in at ₹1,057 crore. DCCDL reported a gross leasing of 3.2 million sq ft for FY25, driven by strong demand across Gurugram , Chennai, and Noida. The total operational portfolio crossed 40 million sq ft by the end of FY25. Chairman's remuneration at ₹300 crore The annual report also disclosed that DLF's chairman, Rajiv Singh , received a total remuneration of ₹300 crore in FY25, making him one of the highest-paid business leaders in the Indian real estate sector. The board approved a similar remuneration structure for FY26, subject to shareholder approval. Strategic outlook Looking ahead, it has identified a launch pipeline of over ₹36,000 crore in gross development value (GDV) for FY26 across key markets including Gurugram, Panchkula, Chennai, and Mumbai. 'We remain optimistic on India's real estate outlook and are committed to delivering value through disciplined execution and customer-centricity,' said Aakash Ohri , joint MD and chief business officer of the company.
