Q4 2021 DLF Ltd Earnings Call Transcript
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cash generation of INR 382 crores during the full year. Demand in the residential business exhibited a strong comeback in the fiscal. New sales bookings for the fiscal stood at INR 3,085 crores, reflecting a year-on-year growth of 24%. We witnessed growth across geographies and product segments. We launched the initial phases of independent floors in DLF City in New Gurgaon, which received encouraging response from the market and witnessed healthy absorption, indicating demand for quality products in established locations.
New sales booking from launch of the new product was INR 908 crores during the fiscal. We continue to bring further phases of this product across the Gurgaon market. We have worked hard on getting our cost structures in place and happy to share that we have successfully managed to reduce our cost or cash overheads from INR 775 crores to INR 458 crores during the current fiscal, a reduction of 40% plus. We are confident that we'll be able to sustain these levels going forward.
On the finance cost side,
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