DLF Q4 Results 2024
The DLF released its Q4 reports on May 13th with a net profit including revenue from the operation and other income of 1,264.12 crore rupees, which is approx 36.74% lower compared with the previous quarter.
by Damodharan N
Updated May 17, 2024
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DLF
DLF was founded in pre-partition India in 1946 by Chaudhry Raghvendra Singh and provided homes to people who were affected by the partition. The company started with 22 urban colonies in Delhi.
The business of the company really took off after the Gurgram project in 1985, which is now seen as one of the biggest private gated communities in India after the start of apartment culture in India. The company now operates in 15 states with 24 cities and works in retail, residential, and commercial properties.
DLF Q4 Results 2024
DLF released its Q4 results after the board of directors meeting that was held on May 13th from 5.00 p.m. to 7.10 p.m. IST. In this quarter 4 results, the company has released 1,264.12 crores for the net profit, including revenue from operations and other income, compared to the previous quarter 4 of the same year, which was 1,833.11 crores, which is approximately 36.74%.
The company stated in its press release that it had booked Rs 14,778 crore during FY23–24, and the company is planning to launch 11 MSFs in Gurugram, Mumbai, Goa, and Chandigarh Tri-City. The Q4 reports for 2024 are given below.
|
Metric |
Value |
|
Consolidated Revenue |
Rs 2,317 crore |
|
Gross Margins |
60% |
|
EBITDA |
Rs 936 crore |
|
Net Profit |
Rs 927 crore |
|
Year-over-Year Growth in Net Profit |
60% |
|
Surplus Cash Generation from Operations |
Rs 1,105 crore |
The standalone audited report for Q4 2024 is given below
|
Particulars |
31.03.2024 |
31.03.2023 |
|
Income |
||
|
Revenue from operations |
909.41 |
1,260.18 |
|
Other income |
354.71 |
572.93 |
|
Total income |
1,264.12 |
1,833.11 |
|
Expenses |
||
|
Cost of land, plots, development rights, constructed properties and others |
289.17 |
300.93 |
|
Employee benefits expense |
90.07 |
97.25 |
|
Finance costs |
75.60 |
71.64 |
|
Depreciation and amortisation expense |
17.48 |
18.22 |
|
Other expenses |
261.19 |
120.94 |
|
Total expenses |
733.51 |
608.98 |
|
Profit before tax |
530.61 |
1,224.13 |
|
Tax expenses for the period / year |
||
|
Current tax |
35.76 |
8.94 |
|
Tax relating to earlier years |
- |
(33.97) |
|
Deferred tax |
51.92 |
204.12 |
|
Total tax expenses for the period / year |
87.68 |
179.09 |
|
Net profit for the period / year |
442.93 |
1,045.04 |
|
Other comprehensive income / (loss) |
||
|
Items that will not be reclassified to profit and loss |
0.84 |
0.62 |
|
Income tax relating to items that will not be reclassified to profit and loss |
(0.21) |
(0.16) |
|
Total other comprehensive income / (loss) |
0.63 |
0.46 |
|
Total comprehensive income for the period / year |
443.56 |
1,045.50 |
|
Paid-up equity share capital (face value of ₹ 2 per share) |
495.06 |
495.06 |
|
Other equity |
- |
- |
|
Earnings per equity share (face value of ₹ 2 per share) (not annualised) |
||
|
Basic (₹) |
1.78 |
4.22 |
|
Diluted (₹) |
1.78 |
4.22 |
DLF FY 23-24 Highlights
The Company’s FY 23 - 24 year-end highlights are given below.
|
Financial Metric |
Value |
|
Consolidated Revenue |
Rs 6,958 crore |
|
Gross Margins |
57% |
|
EBITDA |
Rs 2,655 crore |
|
Net Profit |
Rs 2,733 crore |
|
Net Profit Y-o-Y Growth |
33% |
|
Record Cash Generation from Operations |
Rs 4,385 crore |
The company has recorded healthy business books with Rs 14,778 crore and more than 6 msf new products launched in the said year. The company has improved its profit in non-SEZ office space with a 97% occupancy rate.
The company has improved its presence in this segment with respect to Gurugram and Chennai. The Chennai DLF Downtown is expected to be occupied for rentals in the coming time.
DLF Share Price
The company share price has been consistent with a steady price raise for one year, starting on May 17th, 2023, with 469 Rs and ending on May 16th, 2024, with a price of 824 Rs.
|
Previous Close |
842.60 |
|
Open |
849.85 |
|
High |
859.60 |
|
Low |
841.00 |
|
52 Week High |
967.00 |
|
52 Week Low |
453.50 |
|
Upper Price Band (10%) |
926.85 |
|
Lower Price Band (10%) |
758.35 |
The midday share market price for May 17th for DLF is Rs. 851.
Why do Share Market Prices go down even after having better Quarterly Results?
The markets always expect the company to be in a better state of business through their balance sheets, which are often mentioned in their quarterly reports, known as earnings reports. The company will be assessed based on the fundamentals from the investor's perspective.
Some of them are earnings per share, known as EPS, which is how investors have earned through shares compared to the previous quarter. The company, even though it posted a good quarterly report, will show a fall in stock prices due to three reasons: expectations from investors, whisper numbers, and future guidance growth.
In this whisper numbers, which is like an investor's own analysis like indie stock analysis, which may lead to stock prices falling even though they posted a good quarterly number, another lesser-known issue is about future guidance growth;
otherwise, future projects or investments that a company is eyeing its prize when they are detracted after the initial mention in quarter reports will cause the stock price to fall. These are some of the reasons for the fall in stock prices even though they posted a good quarterly number.
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DLF Q4 Results 2024 - FAQs
1. When were DLF Q4 results released?
The Q4 results were released on May 13th, after the board of directors meeting.
2. What is the net profit for DLF Q4 including revenue from operations and other income?
The net profit for DLF Q4 was Rs 1,264.12 crore.
3. What is the occupancy rate for non-SEZs in the DLF?
The occupancy rate is 97% for DLF in non-SEZ.
4. What is the YoY growth in Q4 net profit for DLF?
The YoY growth in Q4 net profit for DLF is 60%.
5. What factors affect stock market prices even after posting a good quarterly number?
The factors affecting them are expectations from investors (EPS), whisper numbers, and future guidance growth.
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