DLF stock is in focus following JM financial’s Buy call on DLF, with an upside target of 47 percent from current levels of Rs. 680, citing several reasons like sufficiently strong land bank for the next 20 years.
Realty stocks have consolidated since the 2008 market crash. However, the sector has given a return of 360 percent in the last 5 years. And being the biggest realty stock, DLF has given an outperforming return of 390 percent in the last 5 years.
Investment Rational
JM Financial has given a Buy call on the company with a target of Rs. 1,000, which is an upside of 47.05 percent from current levels of Rs. 680. Additionally, they said that DLF remains their preferred pick in the real estate sector.
Brokerage believes that DLF’s annuity business, which provides a steady and recurring revenue stream when compared to the cyclical nature of real estate sales, will be complimented with their high margin business of residential segment, citing the reason that DLF has very strong growth prospects for over the next 20 years because of their high quality land bank which can give them sufficient growth over the years.
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Financial Highlights
The company reported a marginal 0.52 percent YoY increase in revenue from Rs. 1,521 Crore in Q3FY24 to Rs. 1,529 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 22.58 percent in revenue from Rs. 1,975 Crore in the previous quarter.
Their Net profit saw an increase of 61.43 percent YoY from Rs. 656 Crore to Rs. 1,059 Crore for the same period. On a QoQ basis, the company reported a decrease of 23.31 percent in Net profit from Rs. 1,381 Crore in the previous quarter.
About the Company
DLF Limited is India’s largest real estate development company, specializing in residential, commercial, and retail properties. Founded in 1946 and headquartered in Gurugram, Haryana, DLF has played a key role in shaping India’s urban landscape, particularly in Delhi-NCR, Mumbai, Chennai, Bengaluru, and Hyderabad.
Written By Abhishek Das
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