Dahlias project lays strong growth foundation for DLF

DLF reported strong pre-sales of ₹12,100 crore in Q3FY25, up 34 per cent year-on-year (Y-o-Y) (up 17x quarter-on-quarter or Q-o-Q). This was backed by sales from its super-luxury project, 'The Dahlias,' which recorded pre-sales of ₹11,800 crore (98 per cent).

- DEVANGSHU DATTA

DLF reported strong pre-sales of ₹12,100 crore in Q3FY25, up 34 per cent year-on-year (Y-o-Y) (up 17x quarter-on-quarter or Q-o-Q). This was backed by sales from its super-luxury project, 'The Dahlias,' which recorded pre-sales of ₹11,800 crore (98 per cent). DLF sold 173 units with a total area of 1.85 million square feet (msf) at an average realisation of ₹70 crore per residence. By 9MFY25, the company had exceeded its full-year pre-sales guidance. It's likely that FY25 pre-sales will end at ₹23,800 crore (previously guided for ₹18,100 crore).

The launch pipeline for FY25 has further increased by ₹3,100 crore to ₹44,100 crore, which is ₹14,600 crore higher than the initial guidance of ₹29,500 crore announced in Q3FY24. The pipeline beyond FY25 stands at ₹70,400 crore vs ₹63,500 crore in Q2FY25.

Collections improved 23 per cent Y-o-Y and 31 per cent Q-o-Q to ₹3,100 crore. The operating cash flow (OCF) has jumped 67 per cent Y-o-Y (53 per cent Q-o-Q) to ₹1,900 crore. The net cash position stood at ₹4,500 crore (₹2,800 crore at end-Q2FY25).

The Q3FY25 revenue was at ₹1,530 crore, flat Y-o-Y (down 23 per cent Q-o-Q).