<p>Realty major DLF Ltd has reduced its net debt by 16 per cent during the July-September period to Rs 3,985 crore on improved cash flows amid a revival in housing demand.</p>.<p>According to an investors presentation, DLF's net debt has come down to Rs 3,985 crore as on September 30, 2021 from Rs 4,745 crore at the end of June quarter of this fiscal year.</p>.<p>"Net Debt reduction of ~ Rs 759 crore in Q2; Rs 900 crore in H1FY22 (first six months of this fiscal)," the company said.</p>.<p>On debt profile, DLF said 64 per cent funding from banks and 52 per cent of scheduled repayment is greater than three years. "Completed inventory and project receivables sufficient to discharge all current liabilities," it said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/sensex-plunges-over-700-points-falls-below-60000-mark-nifty-at-17700-1045272.html" target="_blank">Sensex plunges over 700 points, falls below 60,000-mark; Nifty at 17,700</a></strong></p>.<p>DLF said that new launches of residential projects would generate healthy cash flows going forward. "Surplus cash generation in the medium-term after meeting near-term construction outflows," the company said.</p>.<p>On operational performance, DLF said its sales bookings rose 77 per cent to Rs 1,512 crore during the July-September period, from Rs 853 crore in the year-ago period.</p>.<p>The sales bookings were driven by strong demand in one of its super luxury housing projects in Gurugram.</p>.<p>The collection from customers stood at Rs 1,448 crore in the second quarter of 2021-22 -- highest collections in the last five years.</p>.<p>On Thursday, DLF reported a 66 per cent increase in consolidated net profit at Rs 378.12 crore for the quarter ended September. The company's net profit stood at Rs 227.75 crore in the year-ago period.</p>.<p>Total income, however, declined to Rs 1,556.53 crore in the second quarter of the current fiscal, from Rs 1,723.09 crore in the corresponding period of the previous year.</p>.<p>DLF Whole Time Director and CEO Ashok Kumar Tyagi said, "we are encouraged by the rising housing sales and improving consumer sentiments across segments and remain committed to bringing new offerings to the market".</p>.<p>"We believe our quality offerings across our completed inventory, growing new product pipeline coupled with a fortified balance sheet has placed the company in a unique position to scale up and leverage this growth cycle," he said.</p>.<p>DLF has so far developed 153 real estate projects and developed an area of approximately 330 million square feet.</p>.<p>The company currently has 215 million square feet of development potential across residential and commercial segments. The group has an annuity portfolio of over 35 million square feet.</p>.<p>DLF is primarily engaged in the business of development and sale of residential properties (the 'Development Business') and the development and leasing of commercial and retail properties (the 'Annuity Business').</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>Realty major DLF Ltd has reduced its net debt by 16 per cent during the July-September period to Rs 3,985 crore on improved cash flows amid a revival in housing demand.</p>.<p>According to an investors presentation, DLF's net debt has come down to Rs 3,985 crore as on September 30, 2021 from Rs 4,745 crore at the end of June quarter of this fiscal year.</p>.<p>"Net Debt reduction of ~ Rs 759 crore in Q2; Rs 900 crore in H1FY22 (first six months of this fiscal)," the company said.</p>.<p>On debt profile, DLF said 64 per cent funding from banks and 52 per cent of scheduled repayment is greater than three years. "Completed inventory and project receivables sufficient to discharge all current liabilities," it said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/sensex-plunges-over-700-points-falls-below-60000-mark-nifty-at-17700-1045272.html" target="_blank">Sensex plunges over 700 points, falls below 60,000-mark; Nifty at 17,700</a></strong></p>.<p>DLF said that new launches of residential projects would generate healthy cash flows going forward. "Surplus cash generation in the medium-term after meeting near-term construction outflows," the company said.</p>.<p>On operational performance, DLF said its sales bookings rose 77 per cent to Rs 1,512 crore during the July-September period, from Rs 853 crore in the year-ago period.</p>.<p>The sales bookings were driven by strong demand in one of its super luxury housing projects in Gurugram.</p>.<p>The collection from customers stood at Rs 1,448 crore in the second quarter of 2021-22 -- highest collections in the last five years.</p>.<p>On Thursday, DLF reported a 66 per cent increase in consolidated net profit at Rs 378.12 crore for the quarter ended September. The company's net profit stood at Rs 227.75 crore in the year-ago period.</p>.<p>Total income, however, declined to Rs 1,556.53 crore in the second quarter of the current fiscal, from Rs 1,723.09 crore in the corresponding period of the previous year.</p>.<p>DLF Whole Time Director and CEO Ashok Kumar Tyagi said, "we are encouraged by the rising housing sales and improving consumer sentiments across segments and remain committed to bringing new offerings to the market".</p>.<p>"We believe our quality offerings across our completed inventory, growing new product pipeline coupled with a fortified balance sheet has placed the company in a unique position to scale up and leverage this growth cycle," he said.</p>.<p>DLF has so far developed 153 real estate projects and developed an area of approximately 330 million square feet.</p>.<p>The company currently has 215 million square feet of development potential across residential and commercial segments. The group has an annuity portfolio of over 35 million square feet.</p>.<p>DLF is primarily engaged in the business of development and sale of residential properties (the 'Development Business') and the development and leasing of commercial and retail properties (the 'Annuity Business').</p>.<p><strong>Check out latest DH videos here</strong></p>