Gurugram, January 24, 2025 – DLF Limited (NSE: DLF, BSE: 532868) has filed its Q3 FY25 financial results, showcasing steady operational performance despite ongoing legal disputes. The real estate giant’s earnings report was submitted in compliance with SEBI’s integrated financial filing mandate, covering both standalone and consolidated financials.
Key Financial Highlights – Q3 FY25 (Standalone & Consolidated)
- Revenue from Operations: ₹4,866.08 crore, up 9.4% YoY.
- EBITDA: ₹1,419.98 crore, reflecting strong operational efficiency.
- Profit Before Tax (PBT): ₹1,137.95 crore, compared to ₹996.42 crore in Q3 FY24.
- Net Profit: ₹807.76 crore, down 4% YoY due to higher tax provisions.
- Earnings Per Share (EPS): ₹3.49, maintaining stability in investor returns.
- Debt-to-Equity Ratio: Maintained at a healthy level, ensuring financial stability.
Legal Challenges and Regulatory Risks
The company continues to battle multiple legal disputes, including:- ₹630 crore penalty by the Competition Commission of India (CCI): The Supreme Court is yet to decide on DLF’s appeal against this alleged anti-competitive conduct.
- Land sale deed cancellation: Punjab & Haryana High Court judgments affecting two IT SEZ projects in Gurugram are under Supreme Court review.
- SEBI Market Access Restrictions: DLF’s appeal against SEBI’s ban on securities trading is pending despite a favourable ruling by the Securities Appellate Tribunal (SAT).
- Trade Receivables Dispute: ₹396.86 crore in outstanding payments remain sub-judice, but DLF remains confident in recovery.
Strategic Outlook & Growth Plans
DLF’s performance remains strong despite legal uncertainties, with:- Continued demand for residential and commercial projects.
- No significant debt defaults, ensuring financial stability.
- Ongoing restructuring and project expansions, including NCD issuances.