By Team Homes | Saturday, 26 October 2024

Real Estate major 'DLF' reports two-fold jump in Net profit

On October 25, real estate giant DLF revealed that its consolidated net profit for the September quarter had more than doubled to ₹1,381 crore. DLF stated in a regulatory filing on October 25 that the business had reported a net profit of ₹622.78 crore for the previous year.

According to a regulatory filing, the company's total income increased by about 48% from ₹1476.42 crore in the same period previous year to ₹2,181 crore in the July to September quarter of 2024–2025.

The company's net profit for the first half of current fiscal year jumped significantly to ₹2,026.69 crore from ₹1,149.78 crore during the same period last year. 

 

According to the company, its total revenue increased from ₹2,998.13 crore in the same time of the previous fiscal year to ₹3,910.65 crore during the April–June quarter.

The company said, “Our ongoing projects, including Atrium Place in Gurugram and 3 retail malls, remain on track to commence rents in the next fiscal,” the company said in a statement”.

“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”.

In addition to this, DLF is expecting to launch around 400 bare shell ultra-luxury housing units which costs starting from Rs. 80,000 per sq.ft.

Real Estate major DLF LTD. is expecting to launch the country’s most costly uber luxury real estate project comprising more than 400 super luxury apartments in Gurugram with the starting price expected to be around Rs.80 crore.

Once the project is launched, the residential stretch along Golf Course Road in Gurugram, currently known as North India billionaires’ row, is expected to compete with not only ultra luxury properties in Mumbai’s Altamount Road and Delhi’s Lutyens area, that are primarily private residences, but also with New York’s billionaires’ street located in the southern edge of Central Park, said real estate