DLF

“It will be in similar range. Average of last two quarters should be looked at for forward guidance as well.”

“And correct me, Navin and Badal, I think by and large, by fiscal '30, all of this should be done.”

“Goa, Downtown Chennai, and Building 7 should all happen in the next -- and Goa this fiscal, and the balance two next fiscal.”

“And coming on to the Downtown Gurgaon, which is 5, 6, 7, 8 and the MOIG, the completion is targeted towards the end of FY28 and '29. So, most of the blocks will become operational between FY29 and '30.”

“Atrium has commissioned. I think this is the first year when Atrium will be fully rent generating.”

“Our Summit Plaza got commissioned in this quarter, the Midtown Plaza got commissioned, Downtown sorry Promenade Goa should get commissioned hopefully around the Christmas/New Year timeframe.”

“The gross margin potential of our development business continues to stand at approximately INR 40,000 crores, with a potential of cash generation of over INR 42,500 crores.”

“For DCCDL, our consolidated revenue stood at INR 2,014 crores. EBITDA at INR1,537 crores, resulting in a net profit of over INR 750 crores for the current quarter, reflecting a year-over-year growth of 17%.”

“As we have said, that our inflection point is FY'27-'28 from Arbour, and thereafter there are series of projects will start getting completed.”

“Because then, Puneet, we get into that virtuous cycle of over the next three years after that of Arbour, the three Privana's, Dahlias itself.”

“As Badal explained, in some sense, till the time that Arbour will be commissioned sometime next year.”

“New sales booking for the quarter stood at INR 3,800 crores approximately.”

“Puneet, out of 1,985 total potential, close to INR 1,900 crores was reported in the current quarter.”

“In fact, this time the North sales have happened, so which you may have seen per unit, about INR 120, 124, 125 crores per unit. That's the 10,000 square feet ones.”

“274 units have been sold so far.”

“We just clocked INR100 crores per apartment, which is also a kind of the new landmark.”

“If you see this time's report, Dahlias has been seeing a price increase. In fact, it's already gone up by almost about 10% even this time.”

“Dahlias is the algorithm, the price algorithm makes sure that there is an increase with every sale.”

“There's a INR 20 to 25-odd crores price difference between North and South.”

“On a saleable, on an average, we were much ahead of INR 1,00,000 realization per square feet in this quarter.”

“And in this particular quarter, there is a marginal increase versus previous quarter, but it's kind of in line, on an average it's in line with what generally we have from an overheads perspective.”

“Overall collections stood at INR 2,780 crores in the current quarter, resulting in operating cash flow of approximately INR 1,858 crores.”

“Net cash position stood at approximately INR 15,100 crores, despite a very, very strong dividend payout in the current quarter of close to INR 1,980 crores.”

“We launched Aureva, the luxury retirement housing address, which received an extremely strong response with a complete sellout.”

“There was a 7.06-acre parcel which still had some encumbrances, needed to be removed. So, those were done this quarter, and so the complete payment of that was made in this quarter.”

“Has enhanced. And hopefully by Q4, we should be able to conclude this entire transaction.”

“We are gearing up for both this Mumbai launch for Q3 and then, of course, there's a Gurgaon one.”

“It's in the same vicinity, but it is going to be a luxury-plus product and we aim to launch it in Q4.”

“What we are doing is that we are clearly establishing a more predictable dividend pipeline from DCCDL to DLF on a regular basis.”

“But now DLF dividend continues to be annual. We'll see in the future, but right now I think our guidance continues to be an annual dividend.”

“This includes a one-time gain of INR 738 crores, which is accounted for as other income, which is due to valuation of one of the investments which we have made in one of our JV companies, as per accounting standards.”

“The first one was Joyous, which was almost four/five quarters back, which was a settlement which was going on in the Company”

“So, look, honestly, on the completion timeline, broadly, give or take a quarter, we don't right now foresee any challenges.”

“But you are right that last quarter, and possibly this quarter, could see a slight blip in construction outflows, primarily on two things.”

“Again, means something which, if I may say so, is a concern, but I don't think it's a crisis by any stretch.”

“Frankly, now it's all driven by the approval processes in that sense, be it in Mumbai, be it Gurgaon.”

“A, of course, is the fact that we are now entering the phase of chronic labor migration back for Chhath Puja and everything else that happens during this quarter, so traditionally.”

“Moving on to financial numbers, overall consolidated revenue stood at INR 2,298 crores.”

“EBITDA stood at INR 1,060 crores, resulting in a net profit of over INR 1,300 crores.”

“The booking amount, Puneet, was INR 50 lakhs.”

“And we will -- we hope, if everything goes well, it'll be by December.”

“Pritesh, the value of inventory is INR 15,000 crores. The margin of that inventory is INR 11,000 crores.”