DLF is one of India’s leading real estate companies. Established in 1946, DLF has been redefining the standards of the Indian real estate industry for over seven decades. As one of the largest developers in India, DLF has developed some of the most iconic landmarks in the country. From residential complexes and shopping malls to hotels and IT parks, DLF has made its presence felt in almost every segment of the Indian real estate market. DLF is also one of the pioneers of urban development, having built some of the first integrated townships in India. The company is now looking to expand its presence across India with projects that range from residential and commercial developments to infrastructure, hospitality, and SEZs. DLF is focused on delivering quality projects that offer excellent value for money. The company is committed to creating a better future for the country while continuing to provide affordable housing solutions to its customers.
DLF Q4 FY24 Results: Net Profit Soars 61.5% to Rs 921 Crore, Annual Revenue Surges 47%
- Net Profit: DLF reported a 61.5% increase in net profit for Q4 FY24, reaching Rs 921 crore, up from Rs 570 crore in Q4 FY23.
- Annual Net Profit: The company’s net profit for the full fiscal year 2023-24 rose by 33% to Rs 2,733 crore.
- Quarterly Revenue: Revenue for Q4 FY24 surged by 47% year-on-year (YoY) to Rs 2,135 crore, compared to Rs 1,456 crore in Q4 FY23.
- Annual Revenue: For the entire financial year, DLF’s consolidated revenue was Rs 6,958 crore.
- EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q4 FY24 jumped nearly 90% to Rs 754.4 crore from Rs 398.3 crore in the previous year, with an improved EBITDA margin of 35.3% versus 27.4% in Q4 FY23. Annual EBITDA was Rs 2,655 crore.
- Dividend: The board recommended a dividend of Rs 5 per equity share (250%), subject to shareholder approval.
- Development Business: Achieved sales bookings of Rs 14,778 crore during the year, launching approximately 6 million square feet (msf) of new products.
- Future Plans: Plans to launch over 11 msf of new products in FY25 across markets including Gurugram, Mumbai, Goa, and Chandigarh Tri-city, with an estimated sales potential of Rs 36,000 crore.
- Luxury Housing Projects: Successfully sold 795 apartments in ‘DLF Privana West’ in Gurugram for Rs 5,590 crore within three days of launch. Previously sold 1,113 luxury apartments in ‘DLF Privana South’ in Gurugram for Rs 7,200 crore within three days of launch.
- DLF Cyber City Developers Limited (DCCDL): FY24 consolidated revenue stood at Rs 5,903 crore (9% YoY growth) and profit was Rs 1,690 crore (18% YoY growth). Cash flow from operations was Rs 2,726 crore.
- Occupancy Levels: Maintained healthy occupancy levels of 97% across the non-SEZ portfolio, with expected recovery in the SEZ segment.
- New Office Developments: Strong interest in new office developments in Gurugram and Chennai, with 2.3 msf of office space completed at DLF Downtown, Chennai.
- Management: Ashok Kumar Tyagr appointed as Chief Financial Officer (CFO) in addition to his role as Managing Director, until a new CFO is appointed.
DLF Limited Share Price Predictions for 2024
DLF Limited Share Price Predictions for 2025
DLF Limited Share Price Predictions for 2026-2030
YEAR | MAXIMUM | MINIMUM |
2026 | ₹1,241.97 | ₹1,056.74 |
2027 | ₹1,301.80 | ₹1,088.32 |
2028 | ₹1,540.47 | ₹1,070.64 |
2029 | ₹1,675.27 | ₹1,014.83 |
2030 | ₹1,827.28 | ₹1,134.45 |
The Financial strength of DLF (2020 to 2024)
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
Sales + | 6,083 | 5,414 | 5,717 | 5,695 | 6,427 |
Expenses + | 4,937 | 3,945 | 3,974 | 3,969 | 4,303 |
Operating Profit | 1,146 | 1,469 | 1,743 | 1,726 | 2,124 |
OPM % | 19% | 27% | 30% | 30% | 33% |
Other Income + | 1,135 | 383 | 195 | 317 | 531 |
Interest | 1,427 | 853 | 625 | 392 | 356 |
Depreciation | 200 | 159 | 149 | 149 | 148 |
Profit before tax | 653 | 840 | 1,165 | 1,502 | 2,151 |
Tax % | 326% | 43% | 28% | 27% | 24% |
Net Profit + | -590 | 1,083 | 1,500 | 2,034 | 2,724 |
EPS in Rs | -2.36 | 4.42 | 6.06 | 8.22 | 11.02 |
Dividend Payout % | -85% | 45% | 49% | 49% | 45% |
FAQs
1. What is the background of DLF Ltd.?
Answer: DLF Ltd. is one of India’s leading real estate developers and has been in business since 1946. The company is headquartered in Delhi and has a diversified portfolio of residential, commercial, hospitality, and industrial projects.
2. How is DLF Ltd. structured?
Answer: DLF Ltd. is a publicly listed company on the Bombay Stock Exchange and National Stock Exchange of India and is organized into five operating segments: Commercial Developments, Residential Developments, Retail Developments, Leasing & Management, and Hospitality.
3. What types of projects does DLF Ltd. develop?
Answer: DLF Ltd. develops a wide range of projects including residential, commercial, hospitality, and industrial projects. The company has also developed IT parks, SEZs, integrated townships and malls.
4. Does DLF Ltd. have any international presence?
Answer: DLF Ltd. has a strong presence in India and also has some international operations in countries such as the United Arab Emirates, United States, Sri Lanka and Myanmar.
5. What is the Share Price Prediction of DLF LTD for 2030
The Share Prediction of DLF Ltd is expected to reach ₹1,827.28 by the end of 2030.
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Conclusion
In conclusion, DLF Limited’s Q4 FY24 results showcase robust performance in India’s real estate sector. With a 61.5% increase in net profit to Rs 921 crore and a 47% surge in annual revenue to Rs 6,958 crore, DLF demonstrates strong operational efficiency. The substantial 90% rise in EBITDA to Rs 754.4 crore, coupled with an improved margin of 35.3%, underscores effective cost management.
DLF’s proactive sales strategy yielded Rs 14,778 crore in bookings, launching 6 million square feet of new projects. Successful sales of luxury apartments in Gurugram highlight its market strength. Looking ahead, DLF plans to launch 11 million square feet in FY25, targeting Rs 36,000 crore in sales across key markets.
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