Questions across 2 calls

Gaurav Khandelwal

Firm not listed in source transcripts

DLF Limited

DLF Limited CC-Jan26.pdf · 2026-01-23

Yes, hi. Good evening. Thanks for letting me ask my questions. My first question is just to understand the company ethos a bit better. I'm just wondering what will it take or is there any intention or no intention to, let's say, scale up your deliveries closer to the other big listed players. So, they're talking about 15, 18, 20 MSF of deliveries every year. So, what exactly is your thinking on these lines where we are a nd is there any possibility of this scale changing in the next three to five years?

Right. That's super helpful, sir. But just as a follow up to this, in your current business then is supply availability of contractors, the Grade A contractors, is that a hurdle or not really?

The Phoenix Mills Limited

The Phoenix Mills Limited CC-Feb26.pdf · 2025-01-29

Good morning. Thanks for taking my questions. I have got a couple of those. My first question is, how much of the consumption strength in this quarter was due to GST cuts? And could you also give us some color on how are consumption trends different for the listed and unlisted players, which operate in your mall assets?

Got it. Thank you. And just a housekeeping question. Your tax rate in the last two quarters have increased to almost 12%, which is much higher than that for the preceding eight to twelve quarters. How should I think about the ongoing tax rate from here for next quarter and next year? Does it normalize closer to 25% levels?