DLF’s fourth-quarter net profit increases by 40%
Real Estate

DLF’s fourth-quarter net profit increases by 40%

DLF, a real estate builder, announced that its net profit for the fourth quarter has increased by 40 per cent year-on-year to Rs 5.69 billion, driven by strong demand in the housing sector. The company reported that new sales bookings in the quarter reached Rs 84.58 billion, showing a 210 per cent year-on-year growth. The full year FY23 new sales bookings amounted to a record-breaking Rs 150 billion, double the amount from the previous year. DLF's consolidated revenue for the quarter was Rs 15 billion and for the financial year was Rs 60.1 billion. The residential business reported new sales bookings of Rs 72 billion at the end of FY23, representing a 136 per cent year-on-year growth.

According to DLF, their luxury offering, The Arbour at Sector 63 in Gurgaon, had already sold out during the pre-formal launch phase, with new sales bookings of over Rs 80 billion, setting a new benchmark in residential sales. DLF remains committed to scaling up its new offerings due to the residential upcycle and the rising demand for the luxury segment.

The company stated that its strong business performance had led to a healthy surplus cash generation, significantly strengthening the balance sheet. DLF's net debt had reduced to Rs 7 billion, one of the lowest levels. Additionally, their credit rating was upgraded to CRISIL AA/Stable outlook and ICRA AA/Stable outlook.

DLF's office portfolio remains stable, while the retail business is experiencing strong demand momentum. The consolidated revenue of DLF Cyber City Developers for FY23 grew to Rs 54.19 billion, a 19 per cent year-on-year growth, and the consolidated profit for the year was Rs 14.29 billion, a year-on-year growth of 43 per cent.

DLF noted that the recovery across the office segment is gradual due to continued global macro headwinds, but India would continue to be the preferred destination for global captives and large occupiers. The company is experiencing healthy demand for newer developments, indicating a clear shift by large occupiers towards quality workplaces.

DLF's retail business continues to operate at high occupancy levels, with footfall levels reaching the pre-pandemic level, and consumption trends showing buoyancy. DLF expects sustained momentum for quality retail destinations and plans to continue its expansion in this segment across multiple markets. Planning for its upcoming retail destination, Mall of India in Gurgaon, is in advanced stages.

Also Read
NIIF appoints Rajiv Dhar as CEO & MD on interim basis
Copenhagen Airport Unveils Ambitious Expansion Plan


DLF, a real estate builder, announced that its net profit for the fourth quarter has increased by 40 per cent year-on-year to Rs 5.69 billion, driven by strong demand in the housing sector. The company reported that new sales bookings in the quarter reached Rs 84.58 billion, showing a 210 per cent year-on-year growth. The full year FY23 new sales bookings amounted to a record-breaking Rs 150 billion, double the amount from the previous year. DLF's consolidated revenue for the quarter was Rs 15 billion and for the financial year was Rs 60.1 billion. The residential business reported new sales bookings of Rs 72 billion at the end of FY23, representing a 136 per cent year-on-year growth. According to DLF, their luxury offering, The Arbour at Sector 63 in Gurgaon, had already sold out during the pre-formal launch phase, with new sales bookings of over Rs 80 billion, setting a new benchmark in residential sales. DLF remains committed to scaling up its new offerings due to the residential upcycle and the rising demand for the luxury segment. The company stated that its strong business performance had led to a healthy surplus cash generation, significantly strengthening the balance sheet. DLF's net debt had reduced to Rs 7 billion, one of the lowest levels. Additionally, their credit rating was upgraded to CRISIL AA/Stable outlook and ICRA AA/Stable outlook. DLF's office portfolio remains stable, while the retail business is experiencing strong demand momentum. The consolidated revenue of DLF Cyber City Developers for FY23 grew to Rs 54.19 billion, a 19 per cent year-on-year growth, and the consolidated profit for the year was Rs 14.29 billion, a year-on-year growth of 43 per cent. DLF noted that the recovery across the office segment is gradual due to continued global macro headwinds, but India would continue to be the preferred destination for global captives and large occupiers. The company is experiencing healthy demand for newer developments, indicating a clear shift by large occupiers towards quality workplaces. DLF's retail business continues to operate at high occupancy levels, with footfall levels reaching the pre-pandemic level, and consumption trends showing buoyancy. DLF expects sustained momentum for quality retail destinations and plans to continue its expansion in this segment across multiple markets. Planning for its upcoming retail destination, Mall of India in Gurgaon, is in advanced stages. Also Read NIIF appoints Rajiv Dhar as CEO & MD on interim basisCopenhagen Airport Unveils Ambitious Expansion Plan

Next Story
Infrastructure Urban

ClickPost Launches Atlas to Benchmark E-commerce Logistics

ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost’s proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights—from fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data—allowing brands to identify operational..

Next Story
Real Estate

Kalyani Launches Two New LivingTree Towers in Bengaluru

Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23–24 fl..

Next Story
Infrastructure Urban

Blue Water Logistics IPO opens May 27

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?