DLF's Record Sales and Profit Surge in Luxury Real Estate Boom

DLF Ltd, the largest real estate firm in India by market capitalization, has experienced a significant financial upswing. The company announced a 39% increase in net profits for the January-March quarter of the fiscal year 2024-25, reaching Rs 1,282 crore. This financial boost is largely credited to record sales bookings worth Rs 21,223 crore over the year, spearheaded by high demand for luxury homes.

A key contributor to this impressive performance was the company's 'The Dahlias' project in Gurugram, which alone generated Rs 13,744 crore in sales bookings. Year-on-year, sales bookings surged by 44% from Rs 14,778 crore, driven by the upscale housing market's vigorous demand.

Complementing these successes, DLF reported a net cash surplus of Rs 5,302 crore, enhancing its cash position to Rs 6,848 crore by fiscal year end. Share prices also reflected investor confidence, rising by 3% on Monday to close at Rs 737.40 on the BSE.

(With inputs from agencies.)