Latest news with #DLFLtd
Business Standard
4 days ago
- Business
- Business Standard
Quick Wrap: Nifty Realty Index rises 4.68%, NIFTY jumps 1.02%
Nifty Realty index closed up 4.68% at 1039.6 today. The index is up 20.00% over last one month. Among the constituents, Godrej Properties Ltd gained 6.70%, DLF Ltd rose 6.62% and Oberoi Realty Ltd jumped 5.96%. The Nifty Realty index is down 1.00% over last one year compared to the 9.56% surge in benchmark Nifty 50 index. In other indices, Nifty Metal index added 1.90% and Nifty Private Bank index gained 1.79% on the day. In broad markets, the Nifty 50 increased 1.02% to close at 25003.05 while the SENSEX added 0.92% to close at 82188.99 by Capital Market - Live News
Business Standard
21-05-2025
- Business
- Business Standard
Quick Wrap: Nifty Realty Index rises 1.72%
Nifty Realty index closed up 1.72% at 938.7 today. The index is up 9.00% over last one month. Among the constituents, Raymond Ltd added 2.91%, DLF Ltd rose 2.87% and Phoenix Mills Ltd gained 2.43%. The Nifty Realty index is down 7.00% over last one year compared to the 10.14% surge in benchmark Nifty 50 index. In other indices, Nifty Pharma index added 1.25% and Nifty PSE index gained 1.21% on the day. In broad markets, the Nifty 50 increased 0.52% to close at 24813.45 while the SENSEX recorded a gain of 0.51% to close at 81596.63 today. Powered by Capital Market - Live News
Mint
21-05-2025
- Business
- Mint
DLF's Q1 launches to set the tone for FY26 pre-sales trajectory
Realty company DLF Ltd is bracing for an action-packed June quarter (Q1FY26) after nil new launches in the March quarter (Q4FY25). DLF is confident of unveiling phase 3 of Privana North in Gurugram and phase 1 of Mumbai in Andheri, which faced a delay due to multiple approvals since it is a rehabilitation project. The super-luxury project in Goa is slated for launch in second half of FY26. All these projects are critical for DLF to meet or beat its FY26 pre-sales guidance of ₹20,000-22,000 crore. DLF exited FY25 with record pre-sales of ₹21,223 crore, up 44% year-on-year. Note that this jump was largely backed by healthy sales from uber-luxury project 'The Dahlias', launched in Q3FY25 in key Gurugram micro market. The project contributed a whopping ₹13,744 crore pre-sales in FY25, helping DLF exceed the FY25 pre-sales target. DLF has more inventory in this project, which aids realisations outlook, although sales from existing projects' inventory is not enough for an incremental pre-sales boost. DLF's pre-sales growth for FY26 is flat compared to other larger real estate firms. For instance, Macrotech Developers Ltd (Lodha) and Godrej Properties Ltd have guided for year-on-year pre-sales growth of 20% and 10% in FY26, respectively. So, a lot would depend on how DLF fares on the launch timeline and response to new projects. 'We currently factor in pre-sales of ₹22,800 crore in FY2026E that will likely be supported by new project launches (Privana, Mumbai and Goa)," said Kotak Institutional Equities report dated 20 May. DLF has a medium-term launch pipeline of ₹73,900 crore, out of which around ₹17,000 crore is planned for FY26. Also Read: DLF's second going: Can the real estate giant succeed beyond its comfort zone? Quality matters Meanwhile, the demand outlook in the National Capital Region (NCR), where DLF has a significant exposure, is robust. DLF is seeing strong housing demand for quality products, both for purchase and rental, particularly in Gurugram. Kotak's analysts note that even after launching 7.5 msf of projects in FY25 at The Dahlias and Privana West, DLF has another 20 msf (land) of development potential at the Phase V locality in Gurugram, which will likely allow the company to capitalize on the premium positioning of the Gurugram micro market. In this backdrop, DLF's business development is currently largely focused on NCR, Tri-City, Mumbai Metropolitan Region, and Goa, with limited new acquisitions expected in the near term. Even so, a comforting factor is that DLF's solid balance sheet provides ample scope for future expansion into new geographies. A steep jump in surplus cash flow generation pushed DLF's net cash position to ₹6,848 crore in FY25 from ₹1,547 crore in FY24. But stock revival depends on timely launches, mainly in the residential portfolio. In the last one year, the DLF stock has declined by 9% vis-à-vis the 6% fall in the Nifty Realty index. 'While we like DLF for robust margins/strong cash generation, we remain neutral, as our current valuation at around 20% premium to NAV prices in about 8% pre-sales CAGR over next 15 years which we believe is adequate (versus company guidance of flattish pre-sales growth in FY26)," said Nomura Global Markets Research report dated 20 May. On the commercial side, DLF's office portfolio posted an annual rental income of ₹4,754 crore, up around 10% year-on-year with occupancy of operational assets at 94%. The management said that Downtown 4 in Gurugram and Downtown 3 in Chennai have received occupancy certificates. Both are pre-leased, and fit-outs are going on, and rental income will start in three to four months. DLF eyes exit rental of ₹6,700 crore in FY26. Also Read: Realtors eye new addresses in tier-2 cities
Time of India
20-05-2025
- Business
- Time of India
DLF to launch housing projects worth over Rs 17,000 crore in FY25 amid luxury demand surge
Image used for representative purposes Realty giant DLF Ltd is gearing up to launch housing projects worth more than Rs 17,000 crore in the current financial year, amid surging demand for luxury homes . The company had already launched 7.5 million square feet of space for sale in the last fiscal, with an estimated revenue potential of Rs 40,600 crore. Of this, 5 million square feet were sold within the same year, fetching Rs 19,344 crore. At the start of the 2024-25 fiscal, the company had outlined a medium-term plan to launch 37 million square feet of projects, targeting total revenue of Rs 1.14 lakh crore. Of this, almost 35% has already been rolled out in the current financial year, with another 15% planned for FY26. The firm also launched 'The Dahlias,' a project spread over 4.5 million square feet, with a sales potential of Rs 35,000 crore. Of this, Rs 13,744 crore worth of sales bookings were already locked in during the last financial year. 'This has resulted in the monetization of approximately 39 per cent of the estimated total sales potential of this project within the first year of its launch,' the company said in a statement, quoted by PTI. DLF reported record sales bookings of Rs 21,223 crore in FY25, up 44% from Rs 14,778 crore the previous year, signifying the continued need for high-end residential properties . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Trend Lets Indians Access Benefits Up to ₹2,00,00,000 India News Learn More Undo The company's financial performance also reflected this momentum. Net profit for the fourth quarter of FY25 rose 39% year-on-year to Rs 1,282.2 crore, while total income climbed to Rs 3,347.77 crore from Rs 2,316.7 crore in the same period last year. For the full year, DLF's net profit jumped to Rs 4,366.82 crore, up from Rs 2,723.53 crore in 2023-24. Total income also rose to Rs 8,995.89 crore, against Rs 6,958.34 crore in the previous fiscal. DLF is India's largest listed real estate developer by market capitalisation. Since its inception, it has delivered over 185 projects covering more than 352 million square feet. The group holds 280 million square feet of development potential across residential and commercial sectors, along with an annuity portfolio of over 45 million square feet. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
20-05-2025
- Business
- Business Standard
DLF plans to launch housing projects worth Rs 17K cr in FY26 to boost sales
Realty major DLF Ltd plans to launch housing properties worth over Rs 17,000 crore this fiscal year to capitalize on the strong demand for luxury homes. In its latest investors presentation, DLF informed that the company launched 7.5 million square feet area during the last fiscal for sale with an estimated revenue potential of Rs 40,600 crore. Out of this, the company sold 5 million square feet in the last financial year itself for Rs 19,344 crore. At the beginning of the 2024-25 fiscal, DLF Ltd had given a guidance that the company would launch a 37 million square feet area in the medium-term with a total revenue potential of Rs 1,14,500 crore. Out of this, the company said, "About 35 per cent was already launched in FY25; around 15 per cent are planned to be launched in FY26." In the 2024-25 fiscal, DLF launched its super luxury project 'The Dahlias' with a total saleable area of 4.5 million sq ft and sales potential of Rs 35,000 crore. DLF said the company has received encouraging demand for this project, generating Rs 13,744 crore worth of sales bookings during the last fiscal. "The humbling response to our latest offering underscores our brand's strength and our commitment to customer-centricity. This has resulted in the monetization of approximately 39 per cent of the estimated total sales potential of this project within the first year of its launch," DLF said. On Monday, the company reported record sales bookings of Rs 21,223 crore in 2024-25, an increase of 44 per cent from Rs 14,778 crore in the preceding financial year. "We are optimistic about the sustained housing demand for our products and will continue to capitalize on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline," DLF said. In the last quarter of 2024-25, DLF's net profit rose 39 per cent to Rs 1,282.2 crore, from Rs 919.82 crore in the year-ago period. Total income rose to Rs 3,347.77 crore in the January-March quarter of 2024-25 fiscal, from Rs 2,316.7 crore in the corresponding period of the preceding year. DLF's net profit increased to Rs 4,366.82 crore during 2024-25 fiscal, from Rs 2,723.53 crore in the preceding year. Total income rose to Rs 8,995.89 crore in the last fiscal, from Rs 6,958.34 crore in the 2023-24 financial year. DLF is India's largest real estate firm in terms of market capitalisation. Since its inception, DLF has developed more than 185 real estate projects and developed an area of more than 352 million square feet. DLF Group has 280 million square feet of development potential across residential and commercial segments including current projects under execution and the identified pipeline. The group has an annuity portfolio of over 45 million square feet. DLF is primarily engaged in the business of the development and sale of residential properties (the Development Business) and the development and leasing of commercial and retail properties (the Annuity Business).
