DLF Ltd

DLF announced that CRISIL Ratings has upgraded its rating, on the Non convertible Debentures of DLF Cyber City Developers (DCCDL), a material subsidiary of the Company, from CRISIL AA+; Stable to CRISIL AAA; Stable. Powered by Capital Market - Live

Profit before exceptional item and tax in the third quarter of FY25 stood at Rs 476.11 crore, registering a de-growth of 6.93% on YoY basis. Exceptional loss during the quarter stood at Rs 302.39 crore. EBITDA de-grew 4% YoY to Rs 609 crore during the period under review. EBITDA margin slipped to 35% in Q3 FY25 as compared to 39% recorded in the same quarter previous year. In Q3 FY25, new sales bookings was at Rs 12,093 crore, up 33.67% from Rs 9,047 crore posted in same quarter last year. Gross margin was at 52% in the quarter ended 31 December 2024, as against 56% recorded in the corresponding quarter previous year. The company generated operating cash surplus at Rs 1,850 crore in the December 2024 quarter, consequently the net cash position stood at Rs 4,534 crore at the end of the period. DLF said: 'Our latest super luxury offering, The Dahlias in DLF 5, Gurugram, performed exceptionally well, garnering Rs 11,816 crore of new bookings in the opening quarter. The overwhelming response to our new offering has resulted in the company surpassing its annual guidance. New sales bookings for the first nine months of the fiscal year stands at Rs 19,187 crore. DCCDL delivered another strong quarter. Q3 FY25 consolidated revenue of DLF Cyber City Developers (DCCDL) stood at Rs 1,609 crore, reflecting YoY growth of 9%; consolidated profit for the quarter stood at Rs 941 crore, registering a healthy growth of 117% as compared to Q3 FY24.' 'Our rental business continues to demonstrate steady growth, and we continue to have a positive outlook. We have laid down a strong capex program to accelerate the build out of our new products. Development of subsequent phases of Downtown, Chennai and Downtown, Gurugram totaling around 11 msf remains on track. Our ongoing projects, including Atrium Place in Gurugram and 3 retail malls, are expected to be completed soon with rents commencing in the next fiscal. 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, strong balance sheet and consistent cash flow generation,' the real-estate developer added. DLF is one of the oldest and largest real estate companies in India. It has a diverse asset portfolio across the real estate segment and is further expanding its presence across the country. The company has experience in developing real estate projects across business and customer segments. Powered by Capital Market - Live

Profit before exceptional item and tax in the third quarter of FY25 stood at Rs 476.11 crore, registering a de-growth of 6.93% on YoY basis. Exceptional loss during the quarter stood at Rs 302.39 crore. EBITDA de-grew 4% YoY to Rs 609 crore during the period under review. EBITDA margin slipped to 35% in Q3 FY25 as compared to 39% recorded in the same quarter previous year. In Q3 FY25, new sales bookings was at Rs 12,093 crore, up 33.67% from Rs 9,047 crore posted in same quarter last year. Gross margin was at 52% in the quarter ended 31 December 2024, as against 56% recorded in the corresponding quarter previous year. The company generated operating cash surplus at Rs 1,850 crore in the December 2024 quarter, consequently the net cash position stood at Rs 4,534 crore at the end of the period. DLF said: 'Our latest super luxury offering, The Dahlias in DLF 5, Gurugram, performed exceptionally well, garnering Rs 11,816 crore of new bookings in the opening quarter. The overwhelming response to our new offering has resulted in the company surpassing its annual guidance. New sales bookings for the first nine months of the fiscal year stands at Rs 19,187 crore. DCCDL delivered another strong quarter. Q3 FY25 consolidated revenue of DLF Cyber City Developers (DCCDL) stood at Rs 1,609 crore, reflecting YoY growth of 9%; consolidated profit for the quarter stood at Rs 941 crore, registering a healthy growth of 117% as compared to Q3 FY24.' 'Our rental business continues to demonstrate steady growth, and we continue to have a positive outlook. We have laid down a strong capex program to accelerate the build out of our new products. Development of subsequent phases of Downtown, Chennai and Downtown, Gurugram totaling around 11 msf remains on track. Our ongoing projects, including Atrium Place in Gurugram and 3 retail malls, are expected to be completed soon with rents commencing in the next fiscal. 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, strong balance sheet and consistent cash flow generation,' the real-estate developer added. DLF is one of the oldest and largest real estate companies in India. It has a diverse asset portfolio across the real estate segment and is further expanding its presence across the country. The company has experience in developing real estate projects across business and customer segments. The scrip declined 2.80% to end at Rs 695.05 on Friday, 24 January 2025. Powered by Capital Market - Live

Net profit of DLF rose 61.24% to Rs 1058.73 crore in the quarter ended December 2024 as against Rs 656.61 crore during the previous quarter ended December 2023. Sales rose 0.49% to Rs 1528.71 crore in the quarter ended December 2024 as against Rs 1521.25 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1528.711521.25 0 OPM %26.1733.59 - PBDT514.85549.49 -6 PBT476.11511.54 -7 NP1058.73656.61 61 Powered by Capital Market - Live

DLF will hold a meeting of the Board of Directors of the Company on 24 January 2025.Powered by Capital Market - Live

The Board of DLF at its meeting held on 03 December 2024 has approved the appointment of Badal Bagri, as Chief Financial Officer (CFO) of the Company, designated as Group CFO w.e.f. 6 December 2024. Powered by Capital Market - Live

The company has signed an agreemnet to sell Kolkata IT Park Business to RDB Primarc Techno Park LLP (An affiliate of Primarc & RDB group). Kolkata Tech Park is one of the largest IT Park in eastern India with gross leasable area of 1.49 mn. Sq. ft. Kolkata IT Park is LEED platinum certified building from U.S. Green Building Council and home to global technology leaders. Commenting on the deal, Sriram Khattar, Vice Chairman & MD, DLF Rental Business said that 'This is reflective of the value embedded in our core assets created over the years with good quality tenant partners and asset management. It also demonstrates our commitment to continuously enhance shareholder value.' Sidharth Pansari, MD, Primarc Group & President CREDAI Bengal Said, 'We are excited about this transaction which is a pivotal step in our growth and diversification journey. It strengthens our contribution to Bengal's tech ecosystem, and we will benefit immensely from DLF's learnings, systems & processes.' Vinod Dugar, Promoter of RDB Group, expressed his excitement, stating 'This step strengthens our joint commitment to supporting Bengal's dynamic economy through projects that prioritise both sustainability and excellence.' DLF is one of the oldest and largest real estate companies in India. It has a diverse asset portfolio across the real estate segment and is further expanding its presence across the country. The company has experience in developing real estate projects across business and customer segments. The realty major's consolidated net profit surged 121.76% to Rs 1,381.08 crore on 46.55% rise in revenue from operations to Rs 1,975.02 crore in Q2 FY25 over Q2 FY24. Shares of DLF added 1.05% to end at Rs 822.80 on the BSE.Powered by Capital Market - Live

DLF announced that its subsidiary, DLF Info City Developers (Kolkata), a wholly owned subsidiary of DLF Cyber City Developers, has entered into definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP ( An affiliate of Primarc & RDB group), on a slump sale basis for an aggregate consideration of approx. ~Rs. 637 crore. Kolkata Tech Park 1 is one of the largest IT Park in eastern India with gross leasable area of approx. 1.49 mln. sqft. It is LEED Platinum Certified building from USGBC and home to global technology leaders.Powered by Capital Market - Live

Profit before tax in second quarter of FY25 stood at Rs 576.61 crore, registering a growth of 24.28% on YoY basis. EBITDA grew 19% YoY to Rs 708 crore during the period under review. EBITDA margin improved to 32% in Q2 FY25 as compared to 34% recorded in the same quarter previous year. The company generated healthy operating cash surplus at Rs 1,211 crore in the second quarter of FY25. DLF said: 'The outlook for the residential business continues to be strong and our development business continues to exhibit steady performance. New sales bookings during the quarter were down to Rs 692 crore reflecting delay in receiving the requisite approvals for our new product launches. The approval for our super luxury offering-The Dahlias in DLF 5, Gurugram, have since been received in the early part of the current quarter. New sales bookings for the first half of the fiscal stands at Rs 7,094 crore and we remain on track to meet our guidance for the full fiscal.' 'Our rental business is experiencing a positive upturn and is demonstrating steady growth. Encouraged by these strong trends, we have accelerated our capex commitments to fuel growth of our rental portfolio and have commenced development of the subsequent phases of Downtown, Chennai and Downtown, Gurugram totaling around 11 msf which includes a large 2 msf (approximate) retail destination in Gurugram. Our ongoing projects, including Atrium Place in Gurugram and 3 retail malls, remain on track to commence rents in the next fiscal. We believe that our business is well poised to leverage this structural upcycle backed by a significant land bank having high embedded potential, robust pipeline of new products across both development and rental business, strong balance sheet and consistent cash flow generation,' the real-estate developer added. Meanwhile, the board has approved the amalgamation of 16 wholly-owned subsidiaries with DLF, subject to obtaining necessary approvals under applicable laws/ regulations, including approval of the applicable jurisdictional bench of the National Company Law Tribunal. DLF is one of the oldest and largest real estate companies in India. It has a diverse asset portfolio across the real estate segment and is further expanding its presence across the country. The company has experience in developing real estate projects across business and customer segments. Powered by Capital Market - Live

Net profit of DLF rose 121.76% to Rs 1381.08 crore in the quarter ended September 2024 as against Rs 622.78 crore during the previous quarter ended September 2023. Sales rose 46.55% to Rs 1975.02 crore in the quarter ended September 2024 as against Rs 1347.68 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1975.021347.68 47 OPM %25.4234.31 - PBDT614.34500.93 23 PBT576.61463.97 24 NP1381.08622.78 122 Powered by Capital Market - Live