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Informist, Saturday, Aug. 1, 2026

 

By Astha Oriel 

 

NEW DELHI – DLF Ltd. is expected to report a sharp year-on-year rise in its consolidated bottom line for the June quarter despite a moderate year-on-year decline in revenue, according to brokerages tracking the company. The company's net profit is expected to rise despite a high base effect, higher margins from luxury projects such as The Dahlias, high rental income from DLF Cyber City Developers Ltd., and lower finance costs, analysts said. Revenue from operations is expected to decline because of the absence of fresh launches during the quarter.

 

The consolidated net profit of the real estate major is expected to rise nearly 42% on year to INR 10.81 billion, according to the average of estimates from seven brokerages. The highest estimate for the net profit is INR 12.61 billion from JM Financial Institutional Securities Pvt. Ltd., and the lowest is INR 8.61 billion from Kotak Securities Ltd.

 

Net sales are expected to decline over 15% on year to INR 22.97 billion, according to the average of brokerage estimates. The highest estimate for net sales is INR 31.15 billion from JM Financial whereas the lowest is INR 16.84 billion from HDFC Securities Ltd.

 

Ambit Capital Pvt. Ltd. and Motilal Oswal Financial Services Ltd. expect the company's pre-sales to be INR 15 billion, primarily led by sustenance sales across the launched projects. Kotak Securities expects the pre-sales to be INR 35 billion. The brokerage expects DLF Cyber City Developers to report an 8% year-on-year growth in rentals, a 17% year-on-year rise in profit after tax, and overall occupancy of 94%. The company's new sales in the year-ago quarter were INR 114.25 billion.

 

The company's earnings before interest, tax, depreciation, and amortisation are expected to decline nearly 5% year-on-year to INR 5.98 billion, according to the average of estimates. In the year-ago quarter, the company's overall EBITDA was INR 6.28 billion. The highest estimate for EBITDA is INR 8.92 billion from JM Financial and the lowest is INR 3.15 billion from HDFC Securities.

 

The company will report its June quarter earnings Monday. Friday, its shares closed at INR 659.30 on the National Stock Exchange, up 0.7% from Thursday. This is nearly 15% higher than the March quarter earnings on May 14. All the 10 brokerage reports on the company available with Informist have a "buy" recommendation on the stock with an average target price of INR 842. This is nearly 28% higher than the current share price.

 

Following are the June earnings estimates, in INR million, for DLF, based on reports from seven brokerages, in descending order of the net profit estimate:

 

BROKERAGE	NET SALES	NET PROFIT	EBITDA
JM Financial Institutional Securities Pvt. Ltd.	31.15	12.61	8.92
Motilal Oswal Financial Services Ltd.	23.68	12.37	6.71
Elara Securities (India) Pvt. Ltd.	25.82	11.89	8.91
Nuvama Wealth Management Ltd.	23.75	10.62	5.94
Ambit Capital Pvt. Ltd.	21.89	10.13	4.43
HDFC Securities Ltd.	16.84	9.44	3.15
Kotak Securities Ltd.	17.62	8.61	3.83
Average	22.97	10.81	5.98

 

End

 

Edited by Himanshi Gupta

 

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