Analyst Concall
DLF says FY27 looks strong on co's launch pipeline
This story was originally published at 18:48 IST on 23 January 2026
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--DLF: DLF Downtown in Chennai fully leased
--CONTEXT: DLF management's comments in post-earnings analyst concall
--DLF: DLF Midtown Plaza, Summit Plaza 95-96% leased, to open in 3 months
--DLF: Expect 10-15% growth in collections this year, next year
--DLF: Over 55-60% of The Dahlias sold so far, prices up 25% YoY
--DLF: See Kolkata SEZ deal closing this quarter, awaiting state approvals
--DLF: See enough depth in Gurugram market for business
--DLF: FY27 looks strong given company's launch pipeline
--DLF: Noida, Mumbai continue to be markets of interest
--DLF: Real estate spanning 40 mln sq ft under construction at the moment
By Ashutosh Pati and Shakshi Jain
MUMBAI – DLF Ltd. expects financial year 2026-27 (Apr-Mar) to be a strong one for the company primarily because of a strong set of product launches lined up in various parts of the country, the company's management said in a post-earnings conference call with analysts Friday. Its launch pipeline for FY27 includes projects in different stages of completion across Mumbai, Panchkula, Goa, and a group housing project in DLF Cyber City in Gurugram.
The company sees enough depth in Gurugram, describing it as "the most favourite investment option for people across the board." "People are choosing this (Gurugram) by choice. And also a good reflection to all of this, year after year, month after month, quarter after quarter, is the collections that we report," the management said.
DLF expects 10-15% on-year growth in its collections for this year and the next one. "...our collection efficiency across all projects remain extremely high," the management said. The company also sees Noida and Mumbai as potential markets of growth, with the latter being a very long-term goal. Two of its projects, DLF Downtown Gurgaon and Downtown Chennai are now fully leased. Two of the company's malls, DLF Midtown Plaza in New Delhi and DLF Summit Plaza in Gurugram, have been 95-96% leased and both the malls should open in the next three months, the management said. The company also has around 40 million square feet of real estate under construction.
Over 55-60% of DLF's luxury residential project, The Dahlias, has been sold so far. "We've got an overwhelming response from our customers...The Dahlias will continue to rise. Just to let you know, from the past year alone, there has already been a 25% increase in Dahlia pricing and we are selling," the management said.
The company's Kolkata SEZ deal is expected to be completed this quarter as they are waiting for the state's approval. "Kolkata SEZ, which is in the books of DLF, we have got the first stage approval from the board of approvals. We are awaiting the state approvals on one or two issues which we are working along with the buyers and we are quite hopeful that we will be able to close it in the current quarter," they said.
DLF reported a consolidated net profit of INR 12.03 billion for the December quarter on revenue of INR 20.20 billion. Its net profit was up around 14% on year while its revenue grew over 32% on year. Friday, shares of the company closed 4% lower at INR 588.45 on the National Stock Exchange. End
Edited by Ashish Shirke
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