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DLF LTD. - 532868 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Participation in CLSA: India Real Estate & Hospitality Access Day ( Second Edition)
19-05-2023

DLF Cyber City Developers net profit climbs 43% to Rs 1,429 crore in FY23

Realty major DLF's rental arm DCCDL's net profit increased 43 per cent to Rs 1,429 crore in the last fiscal on better income from office and retail properties. Its net profit stood at Rs 1,002 crore in 2021-22. According to an investors' presentation, DCCDL's total income increased 19 per cent to Rs 5,419 crore during 2022-23 from Rs 4,533 crore a year ago. DLF Cyber City Developers Ltd (DCCDL) is a joint venture firm between DLF and Singapore sovereign wealth fund GIC. DLF has a nearly 67 per cent stake in the JV firm, while GIC has the remaining. As per the presentation, DCCDL's rental asset portfolio, comprising office complexes and shopping malls, is currently at 39.6 million square feet, and out of that 90 per cent area is already leased to tenants (corporates and retailers). The rental income of DCCDL from office space rose 13 per cent to Rs 3,232 crore during the last fiscal from Rs 2,869 crore in the year-ago period. Rentals from retail space increased 59 per cent to Rs
18-05-2023
Bigul

DLF LTD. - 532868 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Participation in CLSA: India Real Estate & Hospitality Access Day ( Second Edition)
17-05-2023

Neutral DLF; target of Rs 440: Motilal Oswal

Motilal Oswal recommended Neutral rating on DLF with a target price of Rs 440 in its research report dated May 14, 2023.
16-05-2023

Market raises a toast to DLF after record year, strong FY24 prospects

In FY24, DLF aims to launch around 11.2 million square feet of new projects with sales potential of around 19,710 crore.
15-05-2023

DLF to launch projects worth Rs 20k cr, targets sale bookings of Rs 12k cr

Realty major DLF Ltd will launch projects worth Rs 19,710 crore for sale by March next year and aims to achieve sale bookings of around Rs 12,000 crore in this fiscal on strong housing demand. On Friday, DLF reported that its sale bookings jumped more than two-fold to a record Rs 15,058 crore last fiscal from Rs 7,273 crore in the previous year. The company clocked Rs 8,000 crore from a single luxury housing project "The Arbour" which was launched in Gurugram during the March quarter. A normalized sale for 2022-23 should really have been in the range of Rs 10,000-11,000 crore. We will still keep our head guided. And we will say that in FY24 we should still be looking at sales guidance of Rs 11,000-12,000 crore, DLF CEO Ashok Tyagi told investors on Saturday in a conference call. Buoyed by record sale bookings last fiscal, DLF has chalked out an aggressive launch pipeline for 2023-24 at 11.2 million square feet area with an estimated sales revenue potential of Rs 19,710 crore. The
13-05-2023
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