More Stories

Informist, Thursday, Jan. 22, 2026

By Astha Oriel

MUMBAI – Real estate major DLF Ltd. reported double-digit on-year growth in its consolidated top line and bottom line for the December quarter of financial year 2025-26 (Apr-Mar). The company's bottom line for the quarter beat analysts' expectations, but its top line was below estimates.

The company's net profit for the December quarter was a little over INR 12 billion, up nearly 14% on year and nearly 2% on quarter. In the year-ago quarter, the net profit was INR 10.6 billion. Analysts had expected the net profit to be INR 10.66 billion. This is the second quarter in FY26 when the company has reported an increase in its consolidated net profit year on year. In the September quarter, the realty major's net profit was down nearly 15% year on year.

The company's consolidated net sales for the quarter was INR 20.20 billion, up over 32% on year and nearly 23% on quarter. The net sales in the year-ago quarter was INR 15.29 billion. Analysts had estimated the company's revenue at INR 24.21 billion. This is the second quarter this financial year the company has reported an increase in its consolidated net sales year on year. In the September quarter, the net sales were down nearly 17% on year.

DLF is the largest real estate company in the National Capital Region. The company's total expenses for the December quarter were INR 17 billion, up nearly 35% on year and nearly 17% on the quarter, mainly due to increase in the cost of land, plots, constructed properties, development rights and others, as well as employee benefit expenses. The cost of land, plots, constructed properties, development rights and others for the December quarter was INR 11.59 billion, up nearly 57% on year and nearly 24% on quarter. The cost was nearly 68% of the total expenditure.

The company's employee benefit expense was INR 1.68 billion, up nearly 26% on year and over 15% on quarter. This is the first quarter in FY26, where the employee cost has risen.

The company's new sales bookings in the quarter were INR 4.19 billion. The company said it monetised around 25% of the inventory, excluding its luxury residential project Dahlias, in the December quarter. New bookings for Dahlias were put on hold in the quarter to undertake redesign for enhanced customer experience. The bookings will resume in the March quarter.

The company had a strong surplus cash generation of INR 38.76 billion. The company's earnings before tax, interest, depreciation, and amortisation for the December quarter was INR 8.49 billion.

The company's gross margin for the December quarter was 43%, as against 52% in the year-ago quarter. The revenue of subsidiary DLF Cyber City Developers Ltd. was INR 18.78 billion, up 17% on year and 3% on quarter. DLF Cyber City's EBITDA for the December quarter was INR 14.64 billion, up 18% on year and 4% on quarter. The subsidiary's rental income from offices rose 19% on year and 2% sequentially to INR 11.49 billion.

During the quarter, DLF added DLF Summit Plaza in DLF5, Gurugram, to its annuity portfolio. For the Apr-Dec period, the company's revenue from operations was INR 63.80 billion, up over 31% year on year. The company's net profit for the period was up nearly 2% on year at INR 31.46 billion.

Shares of DLF Thursday closed at INR 613.30 on the National Stock Exchange, down nearly 1% from the previous close.   End

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.