India's DLF gains on quarterly profit climb

Prestige Estates Projects

20/05/2025 05:24

** India’s DLF DLF.NS climbs 4.6% to 771 rupees

** Set for fifth straight session of gains

** Realtor's consolidated net profit jumps 39% Y/Y on strong demand for its luxury offerings

** Despite no significant launches in the quarter, DLF's pre-sales were above estimates, says Jefferies

** DLF maintains a "robust" pipeline of projects, including key upcoming launches such as Privana Phase 3 in Goa and Mumbai, that will significantly contribute to its sales momentum, say JP Morgan analysts

** Avg rating on DLF, rivals Sobha SOBH.NS and Prestige Estates Projects PREG.NS at "buy" - data compiled by LSEG

** YTD, all three stocks record fall - DLF 6.7% vs PREG 14% and SOBH 13%. Realty index .NIFTYREAL down 11.4%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))