Brokerages see sustainable growth in sight for DLF post analyst call; shares rise

DLF

24/03/2025 05:41

** India's top real estate firm DLF DLF.NS climbs as much as 2% to 710.05 rupees following meeting with analysts on Friday

** DLF management estimates doubling rental income to 100 bln rupees ($1.16 bln) by FY30, raises dividend payout ratio to 50%, expects to bring net debt to zero by FY30, brokerages say

** Retail income doubling and strong cash flow generation should make DLF attractive for long-term investors - Jefferies

** Analysts at Motilal Oswal see healthy pre-sales collections for co, large land bank to support long-term growth, steadily growing rental income and reduction in debt as key positives

** BofA analysts say co's growth outlook for the residential projects portfolio is strong

** DLF sees 10%-12% annual price increase in Gurugram, analysts at BofA added

** Stock down ~16% YTD

($1 = 85.9510 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))