DLF Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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DLF Limited's board approved audited financial results for Q4 and FY25 on May 19, 2025, with the auditor issuing an unmodified (clean) opinion on both standalone and consolidated results. The board recommended a dividend of ₹6 per share (300%) on the ₹2 face value equity share, subject to shareholder approval. On the standalone basis, revenue from operations declined to roughly ₹6,001 crore from about ₹6,475 crore in FY24, while profit after tax jumped sharply to about ₹2,236 crore from roughly ₹821 crore, supported by a tax-related exceptional item of about ₹1,302 crore (indemnity to a joint venture for a past tax settlement). The Kolkata SEZ business has been classified as held for sale following a definitive agreement entered into after the quarter. Credit rating agencies CRISIL and ICRA reaffirmed DLF's AA/A1+ ratings and revised the long-term outlook to 'Positive'. The auditor flagged ongoing litigation matters (CCI penalty of ₹630 crore, IT SEZ land cancellation cases, SEBI proceedings, and a JHL joint venture dispute) as Emphasis of Matter, without modifying the opinion.
Strong PAT growth and a generous 300% dividend, combined with a positive outlook from both major rating agencies, are positive signals for shareholders. The decline in operating revenue and ongoing legal exposures, although unchanged in status, are points investors should monitor.