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DLF reported a 122.1% growth in net profit for Q2 FY25, posting INR 1,381.22 crore compared to INR 621.89 crore last year. The company's income rose by 47.7% to INR 2,180.83 crore. Despite delays in product approvals, sales bookings reached INR 692 crore, with H1 FY25 bookings at INR 7,094 crore. DLF also declared a dividend of INR 5 per share, totaling INR 1,237.66 crore. Operating cash surplus stood at INR 1,211 crore, with gross margins at 45%. DLF Cyber City Developers recorded INR 1,653 crore in revenue.
DLF has reported a growth of 122.10 percent in its net consolidated profit for the quarter ended September 30, 2024. Its profit after tax stood at INR 1,381.22 crore in Q2 FY25, compared to INR 621.89 crore registered in the corresponding quarter of the previous fiscal, as stated in a BSE filing. The company's net consolidated total income reached INR 2,180.83 crore in Q2 FY25, which reflects a growth of 47.71 percent from INR 1,476.42 crore recorded in the same quarter last year. Advertisement
During the quarter, the company declared a dividend of INR 5 per equity share (on a face value of INR 2 per equity share), amounting to INR 1,237.66 crore. Its operating cash surplus was at INR 1,211 crore, and gross margins were at 45 percent during Q2 FY25.
The company indicated that new sales bookings for the quarter fell to INR 692 crore due to delays in obtaining necessary approvals for upcoming product launches. However, for the first half of the fiscal year, total new sales bookings reached INR 7,094 crore, and the company expressed confidence in meeting its full-year guidance. Additionally, it was noted that the net cash position at the end of the period stood at INR 2,831 crore, despite the significant dividend payout of INR 1,238 crore made during the quarter.
DLF Cyber City Developers' (DCCDL) consolidated revenue was INR 1,653 crore in Q2 FY25, marking a year-on-year growth of 13 percent, while the consolidated profit for the quarter was INR 521 crore.
In Q2 FY25, DLF demonstrated remarkable financial performance, achieving a 122.10% increase in net consolidated profit to INR 1,381.22 crore compared to the previous year. The company also reported a significant rise in total income, reflecting a robust growth trajectory. Despite facing delays in new product approvals that lowered sales bookings for the quarter, DLF aims to accomplish its fiscal year guidance with a strong net cash position of INR 2,831 crore. The dividend declaration underscores its commitment to shareholder value, while DCCDL's revenue growth further highlights the company's solid market presence and operational stability.
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