India: DLF’s new sales bookings drop despite y-o-y growth in revenue, EBITDA in Q2FY’25

Delhi Land and Finance (DLF) reported a sharp drop of 69% in new sales bookings to INR 692 crores in Q2FY’25 as against INR 2,228 crores in Q2FY’24. Conversely, the company’s revenue increased by 48% y-o-y to INR 2,181 crores in Q2 compared with INR 1,477 crores in the CPLY. Similarly, EBITDA rose 20% y-o-y to INR 708 crores in Q2FY’25 from INR 591 crores in Q2FY’24.