Record quarter; launch pipeline provides further growth visibility

Company
29 Jan 2024
5 Min read 
  • DLF reported its highest-ever pre-sales of INR90.5b in 3QFY24, driven by new launches.
  •  The company exceeded its full-year pre-sales guidance of INR130b for 9MFY24.
  •  DLF expects to launch projects worth over INR700b in the next two-three years.
  •  The company's cash flow performance improved, with collections hitting an all-time high of INR26b.
  •  DLF's rental income in its commercial portfolio increased by 8% YoY.
  •  The company has acquired 29 acres of land with a development potential of 7.5msf.
  •  Valuation of DLF's land indicates limited upside potential, leading to a neutral rating.
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