The pre-sales or booking momentum of DLF, the country's largest listed real estate company by market capitalisation, remained strong in the April-June quarter (Q1) of 2024-25 (FY25). At ₹6,404 crore, the bookings were four times (318 per cent) higher on a sequential basis and three times (214 per cent) more than the year-ago quarter. Sales were led by a strong response to the luxury project Privana West in Gurugram (second phase), which accounted for ₹5,600 crore of the overall bookings in the quarter. This, coupled with sales of ₹251 crore in The Camellias (Gurugram), boosted sales in the quarter.
Given the sales momentum, cash collections have also doubled over the year-ago quarter, while they are up over a third on a sequential basis. Collections stood at ₹2,968 crore. As a result, operating cash flows also jumped 152 per cent year-on-year (Y-o-Y), while the gains quarter-on-quarter were over two-thirds at ₹1,849 crore.
DLF expects quarterly collections of ₹3,000 crore and construction spending of ₹800 crore per quarter from the third quarter of FY25. DLF plans to use half of the surplus cash flows for land acquisition and the balance to pay dividends.
Diese Geschichte stammt aus der July 29, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der July 29, 2024-Ausgabe von Business Standard.
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