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Informist, Thursday, May 14, 2026

 

--DLF: Promenade Goa mall to be completed by August 

--CONTEXT: Comments by DLF's management in post-earnings analyst concall 

--DLF: No impact of West Asia crisis, AI on our portfolio 

--DLF: Could see deferral from some tenants on impact of AI, West Asia war 

--DLF: Have already identified next phase of launches 

--DLF: To unlock launch pipeline at pace market can absorb 

--DLF: Had laid out 5-year launch pipeline of INR 1.14 tln two years ago 

--DLF: Have a launch pipeline of INR 200 billion for FY27 

--DLF: DLF Dahlias experience centre to be ready around Diwali 

--DLF: Main objective to chase margins, free cash flow, not presales numbers 

 

By Astha Oriel and Sunil Raghu 

 

NEW DELHI/AHMEDABAD – DLF Ltd. has a launch pipeline of INR 200 billion for the financial year 2026-27 (Apr-Mar), the company's management said after announcing the financial results for the March quarter and FY26 on Thursday. The company has identified the next phase of launches, according to the management. 

 

The launches will span across Gurugram, Delhi, Mumbai and Chennai, the management said. The company had laid out a five-year launch pipeline of INR 1.14 trillion two years ago. "We have the next phase also identified. But we'll obviously unlock it at the pace at which the market can comfortably absorb and at a pace which does not overstrain our own execution capability," a senior company official said. 

 

For FY27, the company expects the exit rental to be INR 82 billion. In Gurugram, the company plans to launch Arbour senior living project and Hamilton 2 in 2026. It plans to complete DLF Downtown in Taramani, Chennai, by the September quarter of the financial year 2027-28 (Apr-Mar), the management said. Among malls, the company plans to complete DLF Promenade in Goa by August. "Promenade Goa, we have a line of sight of leasing to the extent of 50%. We expect the mall to be completed sometime in the month of August and the opening will be in three months thereafter," the official said.

 

The company also plans to launch the DLF Dahlias experience centre around Diwali, according to the management. The company sold 32 apartments of its super luxury project Dahlias in FY26. 

 

Amid the West Asia crisis and disruption in workforce due to adoption of artificial intelligence, the company has not seen any impact in its portfolio, the management said. It could, however, see deferral from some tenants on impact of artificial intelligence and the West Asia war, the management said. 

"There are large tenants who are reviewing their internal processes and internal decision making and there could be some deferral in their decision making without in any way disturbing the structural strength of the business. The retail business continues to grow well," the management said. 

 

The company's consolidated net profit declined over 1% on year to INR 12.69 billion in the March quarter. In absolute terms, the net profit was the highest over the past four quarters. The company's revenue from operations declined 42% on year to INR 18.14 billion. The year-on-year decline in the real estate company's top line was its steepest in 19 quarters.

 

For 2025-26 (Apr-Mar), the company's consolidated net profit grew 1% on year to INR 44.15 billion. Revenue during the year increased more than 2% to INR 81.94 billion. On Thursday, shares of DLF closed nearly 2% higher at INR 583.25 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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