DLF Ltd’s shares rose by 5% following the company’s robust Q3 FY25 results, reporting a 62% YoY jump in consolidated net profit to Rs 1,055 crore for the quarter ended December 31, 2024. As of 10:43 AM, the shares were trading 2.54% higher at Rs 712.90.
This performance marks a significant improvement from Rs 648 crore in the same period last year. The company’s revenue grew by 6% YoY to Rs 1,737.41 crore, compared to Rs 1,643.51 crore in Q3 FY24.
A key highlight of the quarter was DLF’s record-breaking new sales bookings of Rs 12,093 crore. The super luxury project, The Dahlias in DLF 5, Gurugram, contributed Rs 11,816 crore to this total, underlining strong market demand. As a result, DLF has surpassed its annual sales target of Rs 17,000 crore, achieving Rs 19,187 crore in new bookings during the first nine months of FY25.
The company’s operating cash surplus for the quarter stood at Rs 1,850 crore, with a net cash position of Rs 4,534 crore. DLF’s gross margin improved to 52%, a notable increase from 45% in the previous quarter. Despite a rise in expenses by 11.4% YoY to Rs 1,261.36 crore, the company’s steady rental business performance contributed to the positive results.
For DLF Cyber City Developers Limited (DCCDL), the consolidated revenue increased by 9% YoY to Rs 1,609 crore, and the profit surged by 117% to Rs 941 crore, reflecting strong growth in its rental business.
DLF shares opened at ₹696.50, reaching a high of ₹731.70 while maintaining a low of ₹696.50. The stock’s 52-week range shows a peak at ₹967.60 and a low of ₹687.05.
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