Overview
- DLF reported a 15% year-on-year drop in consolidated net profit to Rs 1,180.09 crore, while new sales bookings jumped to Rs 4,332 crore on demand for its maiden Mumbai project The Westpark.
- DLF said its net cash stood at Rs 7,717 crore after higher dividends and debt repayment, and its DCCDL venture delivered Rs 1,822 crore revenue, Rs 643 crore profit and an operational annuity base of about 49 million sq ft.
- Lodha posted an 87% rise in consolidated net profit to Rs 789.8 crore as total income climbed to Rs 3,878.7 crore, with pre-sales of Rs 4,570 crore and guidance maintained for Rs 21,000 crore in full-year pre-sales.
- Brigade Enterprises’ consolidated net profit increased 37% to Rs 162.5 crore on total income of Rs 1,429.86 crore, with management citing strong tailwinds, healthy leasing and a robust launch pipeline.
- Across the sector, profits were mixed but sales momentum strengthened as branded launches drew steady buyer interest and developers emphasized recurring leasing income and disciplined cash management.