Realty major DLF Ltd’s consolidated net profit rose 39 per cent year-on-year to Rs 1,282 crore for the January-March quarter of FY25, supported by higher revenue and robust demand for premium homes.For the full fiscal year 2024-25, the company reported record sales bookings of Rs 21,223 crore, up 44 per cent from Rs 14,778 crore in the previous year, led by strong pre-sales in its ultra-luxury project ‘The Dahlias’ in Gurugram.DLF’s total income during the January-March quarter rose to Rs 3,347.77 crore from Rs 2,316.7 crore in the same period last year. For the full fiscal, net profit climbed to Rs 4,366.82 crore from Rs 2,723.53 crore, while total income increased to Rs 8,995.89 crore from Rs 6,958.34 crore in FY24, PTI reported.The board has recommended a dividend of Rs 6 per equity share (face value of Rs 2 each) for FY25, subject to shareholders’ approval.“Our development business achieved yet another year of robust and consistent performance, with record new sales booking of Rs 21,223 crore during 2024-25. This marked a year-on-year growth of 44 per cent,” the company said in a statement.DLF highlighted that its latest super-luxury project, ‘The Dahlias’, generated Rs 13,744 crore in new bookings during the year.“The humbling response to our latest offering underscores our brand’s strength and our commitment to customer-centricity. This has resulted in the monetization of approximately 39 per cent of the estimated total sales potential of this project within the first year of its launch,” the statement added.DLF also reported a net cash surplus of Rs 5,302 crore for the fiscal. Its overall net cash position improved to Rs 6,848 crore by the end of FY25.“We are optimistic about the sustained housing demand for our products and will continue to capitalize on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline,” the company said.Shares of DLF closed 3 per cent higher on Monday at Rs 737.40 apiece on the BSE, with the company’s market capitalisation crossing Rs 1.82 lakh crore.Since its inception, DLF has developed over 185 real estate projects covering more than 352 million square feet. The group currently has 280 million square feet of development potential across residential and commercial segments, including ongoing projects and a strong pipeline. Its annuity portfolio stands at over 45 million square feet.DLF operates in both the development business (residential) and annuity business (commercial and retail leasing).
