DLF internet revenue up 60 per cent in This fall FY24

Realty main, DLF Ltd reported an over 60 per cent rise in consolidated internet revenue to ₹920 crore for the quarter ending March 31, 2024. The corporate’s internet revenue within the year-ago-period was ₹570 per cent.

Income for the quarter stood at ₹2,317 crore.

Gross margins stood at 60 per cent, it mentioned in an announcement.

For the fiscal, internet revenue stood at ₹2,733 crore, up 33 per cent y-oy, whereas FY24 revenues have been at ₹6,958 crore.

New Gross sales bookings stood at ₹14,778 crore.

The corporate, in an announcement mentioned, it launched roughly 6 msf of recent merchandise through the yr “which noticed robust absorption leading to monetization of virtually total stock through the launch interval”.

Money era from operations stood a document excessive of ₹4,385 crore.

The Board has introduced a dividend of ₹5 per share for the approval of the shareholders. The payout displays a y-o-y progress of 25 per cent, within the payout as in comparison with final yr.

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FY25 outlook

DLF expects, demand momentum within the residential phase “to remain robust” and in view of such robust demand, it will likely be “bringing (in) a calibrated provide throughout a number of micro markets”.

Plans are afoot to to launch greater than 11 million sq toes (msf) of recent merchandise throughout FY25, “concentrating on numerous markets together with Gurugram, Mumbai, Goa and Chandigarh”.

“The estimated gross sales potential of those launches is roughly ₹36,000 crore which ought to result in regular progress within the enterprise,” the realty main mentioned in its assertion.

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Workplace Enterprise

DLF mentioned, its retail phase “continues to ship robust progress”.

Occupancy ranges throughout the non-SEZ portfolio was 97 per cent.

“We anticipate a gentle restoration throughout the SEZ phase over the subsequent few quarters given the announcement on floor-wise de-notification,” the assertion mentioned.



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