DLF Share Price Target Forecast 2022, 2023, 2025, 2030

10 January, 2022

ICICI Securities has added DLF with a target price of Rs 434.

DLF gets an add call from ICICI Securities with a target price of Rs 434. DLF Ltd.’s current market price is Rs 407.95. The analyst estimates that DLF Ltd.’s price will achieve its objective in one year.

DLF Ltd., founded in 1963, is a Large Cap business in the Real Estate industry with a market capitalization of Rs 101252.63 crore.

Property Development, Rental Income, Other Operating Revenue, and Royalty Income are among DLF Ltd.’s primary products/revenue segments for the fiscal year ending 31-Mar-2021.

Financials

The firm reported a Consolidated Total Income of Rs 1556.53 Crore for the quarter ended September 30, 2021, up 25.30 percent from the previous quarter’s Total Income of Rs 1242.27 Crore but down -9.67 percent from the same quarter last year’s Total Income of Rs 1723.09 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 226.33 crore.

Reasons for Investing

In H1FY22, DLF generated Rs25 billion in sales bookings, compared to the FY22 forecast of Rs40 billion. The brokerage anticipates the business to book Rs54 billion in sales in FY22, above its FY22 projection, based on expected bookings of Rs11 billion in Q3FY22 and contribution from this new launch. It keeps its ADD rating and a Rs434/share SoTP-based target price unchanged for Mar’22. Weakness in office leasing and a decrease in residential demand are two major dangers.

FII Holdings/Promoter

As of September 30, 2021, promoters controlled 74.95 percent of the corporation, FIIs 17.62 percent, and DIIs 2.39 percent.

economictimes.com is the source for this information.


28 October, 2021

DLF’s second quarter statistics show a 66.1 percent increase in net profit to Rs 378.1 crore and an 8% increase in revenue to Rs 1,480.9 crore.

DLF, a real estate conglomerate, announced a 66.1 percent increase in consolidated net profit for the second quarter ended September 30, 2021, to Rs 378.1 crore. In the same quarter the previous year, the firm had a net profit of Rs 227.7 crore. Total income increased by 8% to Rs 1,480.9 crore in the September quarter, compared to Rs 1,609.8 crore the previous quarter.

While sales reservations increased by 77% to Rs 1,512 crore, owing to a resurgence in housing demand, particularly for luxury flats. During the September quarter, new sales bookings were Rs 1,512 crore, up 77% from the previous quarter. “We are encouraged by rising housing sales and improving consumer sentiment across sectors,” said DLF’s Whole Time Director and CEO, Ashok Kumar Tyagi. “We are committed to bring new offerings to the market.”

“We think the firm is in a unique position to strengthen and utilise this growth cycle due to our quality offering across our entire inventory, new product pipeline, and solid cash sheet,” he said in a statement. “The super-luxury sector outperformed ‘The Camellias’ in the quarter, with record new sales of Rs 1,037 crore,” DLF added. It indicates the high demand for best-in-class products supported by a strong and well-known brand.” It should be mentioned that the demand for separate floors in the Gurugram market is still strong.

“The residential business continues to thrive with good traction and strong demand momentum across regions and geographies,” DLF stated. The strengthening demand patterns in the residential markets give us hope, and we expect these trends to continue for a long time.” According to the corporation, profit increase is expected for its projects as volumes rise and prices remain stable. The company’s net debt was Rs 3,985 crore at the end of September.

DLF’s rental arm, DLF Cyber City Developers Limited (DCCDL), a joint venture with Singapore sovereign wealth fund GIC, has continued to perform well, while the retail division has shown signs of improvement. In the September quarter, DCCDL’s net profit increased by 36% to Rs 231 crore. In the same quarter, consolidated revenue climbed to Rs 1,123 crore from Rs 1,040 crore. DCCDL is owned by DLF, which owns 66.67 percent of the company.

“The second (Covid) wave caused a brief disruption in the rental industry. Companies are gradually returning to their offices, thanks to a government-led quick immunisation programme and low illness rates. The recovery and expansion of this industry would be aided by strong business growth and aggressive recruiting strategies by IT/ITES. We believe India’s appeal as a long-term fundamental for the business and services markets remains intact, according to DLF.

In terms of retail, the corporation stated that all of its malls are now open for business, but with certain restrictions. “We’re witnessing a constant growth in the number of individuals, and we expect consumption to rise across the board.” DLF has completed 153 real estate projects totaling over 330 million square feet. In the residential and commercial sectors, the corporation has a development potential of 215 million square feet. The company has a 35 million square foot annuity portfolio.

DLF is principally involved in the development and sale of residential properties (‘Development Business’) as well as the development and leasing of commercial and retail premises (‘Annual Business’). After the market had closed, the findings were released. On the BSE, DLF shares finished at Rs 399.70, down Rs 14.60, or 3.52 percent.

CNBCTV18.com is the source of this information.


18 August 2021

DLF expects a rebound in residential demand, as well as a resurgence in mall business.

DLF announced results for the quarter that ended in June. Revenue fell less than projected in the first quarter, while EBITDA margins reached a 14-quarter high. Bookings are also solid, surpassing Rs 1,000 crore for the third quarter in a row. DLF’s Whole Time Director, Ashok Tyagi, addresses the profits.

After the first lockdown ended, there was a resurgence in housing demand. “From October to August, there was a steady upward trend. So I don’t think it’s simply a quarter of stagnant demand; there is some level of residential demand that has returned to the market,” he added.

Camellias, DLF’s signature product, is on sale, and middle market products are also doing well. “In general, there has been positive growth in the residential segment in NCR,” he said, “but we also operate in other geographies.”

The firm is witnessing good absorption across all of its pricing tiers. Tyagi feels that the sector as a whole will become more realistic in terms of price.

During the second wave of the COVID-19 shutdown, all malls in the NCR were shut down completely. “Since the mall reopened, the mall crowd, and more crucially, Billing, has returned to form. Malls are still suffering as a result of the continued limitations on food and entertainment. “Hopefully, when things open up, the mall industry will grow even stronger,” he stated.

“We are getting our internal structure and REIT-ready for four quarters, possibly by the middle of the next calendar year,” he added of the Real Estate Investment Trust (REIT) timeframe.

CNBCTV18.com is the source of this information.


July 27, 2021

On the back of strong June quarter earnings, DLF stock reaches a new 52-week high.

DLF Ltd, a real estate conglomerate, reported solid profitability in the June quarter, owing to its expanding operations.

In early Tuesday trade on the NSE, shares of the business jumped over 3% in response to earnings, reaching a 52-week high of 344.

Despite the economy’s second wave, the company’s pre-sales of 1,014 crore were only slightly down on a sequential basis. In Q1FY22, the business sold 542 crore in new products, and this category continued to drive DLF’s sales results, accounting for 53% of total sales value in 1QFY22. In comparison to the previous quarter, the collection of 619 crore was down by nearly 23%.

Its enthralling high-end camellias at DLF 5 sold inventory worth Rs 352 crore, an increase of 10% from the previous quarter. It should be noted that, following a long hiatus, DLF has resumed taking on new under construction projects as of H2FY21.

The company’s office portfolio generated rental income of 729 crore, up nearly 2% from the previous quarter, and collection efficiency was nearly 100%. With June, the retail mall category was operating at 50% of pre-Covid levels. While the company’s annuities business continues to encounter headwinds, experts believe its dominating position in the sector will help it perform better in the longer run.

“We estimate DLF to announce gross pre-sales of Rs 4500/5500/6500 crore in FY22-24, backed by a pipeline of fresh launches across markets/locations,” says the analyst. In the following three years, pre-sales are expected to more than treble. “On an FY21 basis,” UBS Securities Ltd analysts noted.

Livemint.com is the source of this information.


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