Home / Business and Economy / DLF's ₹58,200 Cr Launch Pipeline Fuels Future Growth
DLF's ₹58,200 Cr Launch Pipeline Fuels Future Growth
19 Oct
Summary
- DLF plans ₹58,200 crore in project launches for FY27.
- Rental portfolio occupancy stands at 96%, with income up 9%.
- Analysts recommend buying DLF, citing NAV discount and growth.
DLF is strategically positioned for future expansion, with a substantial ₹58,200 crore launch pipeline planned over the medium term. This includes two significant project launches earmarked for FY27. The company also benefits from a balance inventory of ₹15,000 crore from previously launched projects, which is expected to bolster pre-sales in the upcoming quarters.
The group's extensive rental portfolio, spanning 50 million square feet, demonstrated strong performance with a 96% occupancy rate by area. This marks an increase from the previous year's 95%. Rental income saw a 9% year-on-year growth, reaching ₹1,480 crore, driven by similar growth in both office and retail segments. DCCDL's operating profit also climbed by 9%, while its net profit saw a notable 17% increase to ₹750 crore.
Analysts maintain a positive outlook on DLF. Motilal Oswal Research values the company at its net asset value and has a buy rating with a target price of ₹780. Elara Research also holds a buy rating with a target price of ₹900, highlighting an attractive 30% discount to its estimated March 2027 net asset value. DLF is favored for its downside protection and a REIT-ready annuity portfolio, supported by a low net debt-to-gross asset value ratio of 19%.
