Poised for a healthy performance in the near term

Company
12 Mar 2024
5 Min read 
  • DLF achieved bookings of INR133b in 9MFY24, surpassing full-year guidance of INR130b.
  •  Fourth quarter performance will be driven by INR44b worth of inventory at existing projects.
  •  Launch pipeline provides good visibility, with plans to launch 26msf of residential projects worth INR700b over the next 2-3 years.
  •  Expect bookings to remain flat in FY24 at INR155b.
  •  Majority of launches in Gurugram, anticipate healthy sales traction and pre-sales to reach INR230b by FY26.
  •  Valuations already factor in growth and strong price CAGR, TP: INR850 (-7%).
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