DLF, the country’s largest listed developer, has set a sales bookings target of Rs 17,000 crore for FY25.In FY24, the company’s sales bookings dipped by 2% to Rs 14,778 crore compared to Rs 15,058 crore, according to a presentation by the company .
The company is planning to launch 11 million sq ft of projects in FY25 as against the earlier guidance of 10 million sq ft. Moreover, the company has revised sales potential estimates to Rs 36,000 crore in FY25, compared to earlier estimates of Rs 32,000 crore.The company launched 6 million sq ft of properties in FY24.
The company is looking to launch a super-luxury project in Gurugram, luxury projects in New Gurugram and Goa and a premium project in Mumbai by the end of FY25, said Ashok Tyagi, managing director of the company in an analyst call. The super-luxury project in Gurugram is ‘by invitation only’ project, with a price of around Rs 18,000 per sq ft.”We are not compromising on the quality of customers or pricing in the project. We are touching base of our large network of customers,” said Aakash Ohri, joint managing director and chief business officer, DLF Home Developers. He further stated that the buyers of their previous luxury projects were based in Bengaluru, Bubaneshwar, Ludhiana and others, besides the non-resident Indians who typically rent it or use the property during their visits to India.
“We remain focused on cash flow generation and consequently generated a record cash flow from operations of Rs 4,385 crore during the year. This healthy cash flow generation resulted in further improvement in the net cash position for the business, which stood at Rs 1,547 crore at the end of the period,” the company said in a release.The company posted 62% increase in its net profit at Rs 920.71 crore in Q4FY24 as compared to Rs 570 crore in corresponding quarter of the previous financial year. The company’s revenues surged by 47% to Rs 2,134.84 crore in Q4FY24 compared to Rs 1,456.06 crore in Q4FY23.