DLF Ltd (DLF)

DLF Tests Luxury Market in Mumbai, Ends FY24 Strong - 16 May, 2024

DLF is testing the luxury housing market in Mumbai before launching more projects while ending FY24 with healthy sales bookings of ₹14,780 crore. The company has given a sales booking guidance of ₹17,000 crore for FY25 and plans to launch projects worth ₹36,000 crore. However, residents have alleged irregularities in DLF's hospital project with Medanta.

DLF Aims for 15% Growth Target in Sales Bookings - 15 May, 2024

Realty major DLF is targeting a 15% rise in its sales bookings to Rs 17,000 crore for FY25. The company plans to launch several luxury housing projects across Gurugram, Goa, and Mumbai. Despite the positive outlook from brokerages after strong Q4 results, DLF's shares fell over 2%.

DLF Reports Strong Financial Results and Plans for Future Growth - 14 May, 2024

DLF Ltd reports strong financial results for Q4 FY24 and FY24 as a whole, with significant growth in net profit and revenue from operations. The company also announces plans for future growth through the launch of new products in FY25.

DLF Reports Strong Financial Performance - 13 May, 2024

DLF Ltd reported strong financial performance with a 62% YoY increase in consolidated net profit for Q4 FY24, revenue surging nearly 47% YoY. The company also recommended dividends for FY24 and FY23-24. DLF generated a record cash flow from operations during the year and reported a 34% YoY rise in consolidated PAT for FY24.

DLF Ltd Reports Increase in Revenue and Net Profits - 12 May, 2024

DLF Ltd's revenue increased by 13% from Rs. 1,348 crores to Rs. 1,521 crores, while net profits rose by 5% from Rs. 622 crores to Rs. 656 crores between September and December quarters.

DLF Expected to Report 28.1% Increase in Q4 Net Profit - 10 May, 2024

Analysts estimate DLF Ltd will report a consolidated net profit of Rs 730 crore for Q4 FY23-24, up 28.1% YoY, and revenue of Rs 1,950 crore, up 33.9% YoY.

DLF Sells Out Luxury Flats Worth Rs 5,590 Crore - 09 May, 2024

DLF Ltd's new residential housing project in Gurugram, DLF Privana West, sold out all 795 luxury flats worth approximately Rs 5,590 crore within three days, leading to a rise in the company's shares.

DLF Sells Out All Units in Gurugram Project - 08 May, 2024

Real estate major DLF has sold out all 800 units in its Privana West project located in Sector 76, Gurugram within a week, generating over Rs 5,000 crore. The success of the project is attributed to early delivery commitments despite higher pricing. Experts are assessing whether such pricing can be sustained in the future.

DLF Sells Out 800 Apartments in Less Than a Week - 07 May, 2024

DLF Ltd has sold out all 800 apartments launched under the Privana West project, garnering nearly over ₹5,000 crore. The company is expected to clock new sales bookings between ₹5,000 and ₹6,500 crore in Q1 of FY25. In the last six months, DLF launched 1,113 units in Privana South, recording a new sales booking of ₹7,200 crore in Q3 of FY24.

DLF Ltd's Popularity with Investors Threatened by Overpricing - 04 May, 2024

DLF Ltd's P/S ratio of 37.8x is significantly higher than the industry average, and its revenue has been declining. Unless conditions improve, it's challenging to accept these prices as reasonable.

DLF Ltd. Stock Trades Down with Bearish Bias - 03 May, 2024

DLF Ltd. stock trades 2.77% down at Rs 870.9, with a bearish bias signalled by the MACD. The company's Q4-2023 consolidated sales were up 11.32% from the previous quarter.

High-End Real Estate Market Booms in Mumbai, DLF Sells $865 Million Worth of Luxury Homes - 26 Apr, 2024

DLF Ltd's rival, Macrotech, sold out $865 million worth of luxury homes in just three days before construction even began. The trend is seen across other big Indian cities as new millionaires snap up snazzy condos in high-rises located in the heart of the city.

DLF Home Developers Ltd's Joint MD Says Land Deals in NCR Have Peaked - 21 Apr, 2024

Aakash Ohri, Joint Managing Director of DLF Home Developers Ltd, has stated that land deals in the National Capital Region (NCR) have peaked due to urbanisation, infrastructure development, and investment opportunities. The buoyancy of the housing market is underscored by the surge in land transactions.

DLF Invests in Real Estate Developments Across India - 18 Apr, 2024

DLF is investing in real estate developments across India, including a large mall in Gurugram and a mall and high street plaza in Goa. The Nifty Realty Index has recorded over 100% returns due to the demand for housing and a growing economy.

DLF Retail Plans Major Mall Developments in Gurugram and Goa - 17 Apr, 2024

DLF Retail is set to construct two major malls, spanning over 2.7 million sq ft in Gurugram and 700,000 sq ft in Goa, along with a high street shopping plaza. These developments aim to enhance the local urban and commercial environments and cater to evolving consumer needs.