New sales booking for DLF declines during Q2 FY25 due to delay in launches

economictimes.indiatimes.com:

DLF reported decline in new sales booking during July-September quarter due to delay in receiving the requisite approvals for launches.
The company reported new sales bookings of Rs 692 crore against Rs 6,404 crore, during the previous quarter.

DLF’s net profit stood at Rs 1,387 crore, which includes reversal of deferred tax liabilities of Rs 606 crore, pursuant to change in tax rate on longterm capital gain on enactment of the Finance Act, 2024

“The outlook for the residential business continues to be strong and ourdevelopment business continues to exhibit steady performance,” the company said in a statement.

The approval for DLF’s super luxury offering-The Dahlias in DLF 5, Gurugram, have been received in the early part of the current quarter.

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