DLF share price: Shares of realty major DLF Ltd were trading around 1.3% higher at ₹870.15 apiece on the NSE in the morning trade on Tuesday, June 17. On the BSE, the stock was trading around 1.5% higher at ₹871.80.
The stock has been on a rising spree of late. BSE data show that DLF stock price has rallied 8.17% in the past two weeks and 21.54% in the past 30 days (including today’s rates). Further, in the past three months, the scrip has rallied over 32%.
In comparison, the S&P BSE SENSEX has gained 1% in the past two weeks but has fallen 1% in a month. In the past three months, the benchmark index has gained 10%.
The BSE REALTY index has increased 4.81% in the past two weeks, around 13% in a month, and 29% in the past three months.
Here are key positive triggers for the stock.
ICRA Rating Update
In its filing to stock exchanges on Monday, June 16, DLF said that credit rating agency ICRA has upgraded its credit rating on the long-term facilities/instruments of DLF Cyber City Developers Limited (‘DCCDL’), a material subsidiary of the company.
Here is the latest update.
| Facilities/ Instrument | Revised Rating | Rating Action |
|---|---|---|
| Non-Convertible debentures ISINs: INE186K07080; and INE186K07098 | [ICRA]AAA (Stable) | Rating upgraded from [ICRA]AA+; Outlook revised to Stable from Positive |
| Long-term – Fund based – Term loan | [ICRA]AAA (Stable) | Rating upgraded from [ICRA]AA+; Outlook revised to Stable from Positive |
| Long-term – Fund based/ non-fund based – others | [ICRA]AAA (Stable) | Rating upgraded from [ICRA]AA+; Outlook revised to Stable from Positive |
| Short-term – non-fund Based | [ICRA]A1+ | Rating reaffirmed |
Source: Exchange filing
ICRA said that the rating upgrade factors in the improvement in the scale of operations and net operating income projections for FY2026 and FY2027, which is driven by the commencement of rentals from the recently completed assets and strong occupancy levels in the existing assets.
“The rating action positively factors in the company’s conservative expansion plans, with the overall under-construction portfolio to remain at a moderate level over the medium to long term,” ICRA said.
The stable outlook reflects ICRA’s opinion that the DCCDL Group will benefit from the large portfolio of completed assets with a reputed tenant profile and healthy leasing levels, comfortable leverage position and strong financial flexibility, it further said.
DLF to invest ₹5,500 crore to build luxury project
Recently, the realty major said it would invest around ₹5,500 crore to develop a luxury housing project in Gurugram, as it seeks to achieve record sales bookings this fiscal year on high demand.
According to a PTI report, the company will soon launch an 18-acre project, ‘DLF Privana North’, in Sector 76/77 Gurugram, comprising more than 1,150 apartments.
The estimated cost to develop this project is around ₹5,500 crore, the report added. This upcoming project is part of its 116-acre township, ‘DLF Privana’.
DLF: Sales bookings and targets
DLF, the country’s largest real estate firm in terms of market capitalisation, reported record sales bookings of ₹21,223 crore in 2024-25, an increase of 44% from ₹14,778 crore reported in the preceding financial year.
DLF’s MD Ashok Tyagi recently gave sales bookings guidance for the current fiscal year at ₹20,000-22,000 crore, almost in the same range as last financial year.
To achieve this target, DLF plans to launch housing properties worth more than ₹17,000 crore this fiscal year amid strong demand for luxury homes.
Last month, Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd, informed analysts that the company targets launching the new project, Privana North, in the current quarter.
In its latest investors presentation, DLF informed that the company launched a 7.5 million square feet area during the last fiscal year for sale with an estimated revenue potential of ₹40,600 crore. Out of this, the company sold 5 million square feet of area in the last financial year itself for ₹19,344 crore.
DLF to open three shopping malls in FY26
In April 2025, DLF said it would open three shopping malls in Goa, Delhi and Gurugram in the current fiscal year (FY26), covering around 14 lakh square feet of space as it remains bullish on the growth of organised retail in India.
In an interview with PTI, Pushpa Bector, Senior Executive Director and Business Head at DLF Retail, said, “We are going to open three retail properties this financial year.”
At present, DLF Group has eight retail properties, including a large shopping mall in Noida, with a portfolio of around 45 lakh square feet of space.
DLF: The Dahlias Project
In the 2024-25 fiscal year, DLF launched its super luxury project ‘The Dahlias’ with a total saleable area of 4.5 million sq ft area and a sales potential of ₹35,000 crore.
Last month, DLF said the company has received encouraging demand for The Dahlias project, generating ₹13,744 crore worth of sales bookings during the last fiscal.
The company remains optimistic about the sustained housing demand and would continue to capitalise on this momentum by introducing calibrated offerings of new products from a strong and well-diversified FU pipeline.
DLF Q4 FY25 Results
DLF reported a 39% increase in its consolidated net profit to ₹1,282 crore for the fourth quarter of the last fiscal year (Q4 FY25) on higher revenue.
Its net profit stood at ₹919.82 crore in the year-ago period.
Total income rose to ₹3,347.77 crore in the January-March quarter of the 2024-25 fiscal year from ₹2,316.7 crore logged in the corresponding period of the preceding year, according to a regulatory filing.
During the 2024-25 fiscal year, DLF’s net profit increased to ₹4,366.82 crore from ₹2,723.53 crore in the preceding year.
Total income rose to ₹8,995.89 crore in the last fiscal year from ₹6,958.34 crore in the 2023-24 financial year.
The board recommended a dividend of ₹6 per equity share with a face value of ₹2 each for FY 2024-25, subject to the approval of the shareholders.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
(With inputs from PTI)
