DLF Cyber City office rental income rises 11% to Rs 9.42 Bn

30 Jul 2024 CW Team

According to an investor presentation, Realty firm DLF's rental arm, DLF Cyber City Developers Ltd (DCCDL), has reported an 11% annual increase in office rental income, reaching Rs 9.42 billion for the first quarter of the fiscal year. This growth is attributed to higher demand for its premium workspace. DCCDL, a joint venture between DLF and the Singapore sovereign wealth fund GIC, has DLF holding a 66.67% stake and GIC owning 33.33% of the venture.

The rental income from office buildings rose from Rs 8.51 billion in the same period last year to Rs 9.42 billion this year. In addition, rental income from retail real estate increased by 9%, reaching Rs 2.1 billion from Rs 1.92 billion the previous year.

DLF indicated that it achieved double-digit rental growth in the commercial real estate segment through both organic growth and new developments. The company also noted a significant expansion in retail presence, with plans to double its portfolio in the next 4-5 years. Efforts are being made to unlock development potential and modernize existing assets, with DCCDL currently managing a portfolio of 42 million square feet and maintaining an occupancy rate of 93%.

On the financial front, DCCDL's revenue grew by 10% year-over-year to Rs 1,553 crore during the April-June period of 2024-25, up from Rs 14.11 billion in the previous year. Its profit after tax also saw a 20% increase, rising to Rs 4.7 billion from Rs 3.91 billion in the corresponding period of the prior year.

DLF expressed confidence in the rental business outlook and is accelerating capital expenditure commitments to enhance its rental portfolio and sustain growth. As India's largest real estate developer by market capitalization, DLF has developed over 178 projects spanning more than 349 million square feet over the past seven decades and has a development potential of 220 million square feet across residential and commercial segments.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..