Now Reading: DLF adds 7.48 acre in Gurgaon, eyes FY28 revenue jump
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DLF adds 7.48 acre in Gurgaon, eyes FY28 revenue jump
DLF has entered into a collaboration for a fresh 7.48-acre land parcel on Golf Course Extension Road in Gurgaon, contiguous to the 28.5 acres it acquired in 2024, taking its total development potential in the micro-market to 36 acres. The company's MD Ashok Tyagi said the entire transaction is expected to be concluded by Q4 FY27.
The company expects revenue growth to accelerate from FY28 onwards as launched projects worth around Rs 75,000 crore near completion and are handed over to buyers, CFO Badal Bagri said. DLF also plans to launch the next phase of its Mumbai residential project The Westpark in the December quarter of FY27.
DLF reported an 11% year-on-year rise in consolidated net profit to Rs 1,301 crore for the July-September quarter of FY27. New sales bookings for the quarter stood at Rs 3,800 crore.
Indian Opinion Analysis
All four sources report DLF's Q2 results and project pipeline with near-identical neutral framing, drawing from the same analyst call. The Economic Times leads on the land acquisition and Mumbai launch, Business Standard on the revenue inflection point and the Dahlias pricing, and Fortune India on the Westpark timeline. No source adopts a critical or pro-government slant, the coverage is uniform straight reporting of corporate announcements. The key numbers to watch are DLF's Rs 75,000 crore project completion pipeline and the Q3 launch of The Westpark, subject to approvals.
Coverage: 4 sources, 4 neutral
Sources (4): economictimes.indiatimes.com (neutral report), economictimes.indiatimes.com (2) (neutral report), business-standard.com (neutral report), fortuneindia.com (neutral report)
This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Methodology and corrections.
