ECONOMY

DLF Q4 Review – Rising Interest Rate Risk Overshadows Strong Performance: Motilal Oswal

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DLF Ltd.’s sales bookings grew by 2.6 times YoY to Rs 27 billion (estimate Rs 24 billion) in Q4 FY22.

It ended FY22 on a high, with the best ever pre-sales of Rs 73 billion (up 136% YoY).

DLF received a strong response to six million square feet of launches in FY22. The same contributed 63% to total sales, while its Ultra-Luxury Camellias project saw bookings worth Rs 26 billion (77 units, 35% of the total).

DLF plans to launch 7.6 msf/9.2 msf of projects in FY23/FY24, which indicates a continuation in the growth momentum. We expect an 8% compound annual growth rate in pre sales to Rs 85 billion over FY22-24.

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