DLF Limited — Investor Meet, 22-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

DLF reported record sales of INR 21,000 Cr and collections of INR 11,750 Cr in Q4 FY25, with PAT at INR 4,350 Cr and ROE at 10.2%. Operating cash surplus was INR 2,300 Cr for the quarter. Rental portfolio covers 43-44 mn sq ft with vacancy at 6%. Key projects Downtown Gurgaon and Taramani are progressing well, with FY26 exit rentals expected near INR 6,700 Cr. Residential launches guided at ~INR 17,000 Cr, mainly in Q1 or later. Construction CAPEX for RentCo is ~INR 5,000 Cr for FY26-27. Management highlights sustained execution, strong rental yield potential, and a balanced strategy focused on rental income plus high-margin development sales in NCR.