DLF Reports Q2FY26 Results with Strong Financial Performance

DLF Limited reported its Q2FY26 results, demonstrating sustained performance across key metrics.

Financial Highlights for Q2FY26 – DLF Limited (Consolidated)

• Consolidated Revenue stood at Rs 2,262 crore
• EBITDA stood at Rs 902 crore
• Net Profit at Rs 1,171 crore
• Net operating cash surplus generation of Rs 1,137 crore
• Net cash position at the end of the quarter at Rs 7,717 crore

New sales bookings for the second quarter stood at Rs 4,332 crore, driven by the successful maiden launch in Mumbai – The Westpark and continued healthy momentum in the super-luxury segment. Cumulative new sales bookings for H1FY26 stood at Rs 15,757 crore, in-line with our annual guidance.

We continue to focus on further strengthening of our balance sheet and cash flow generation. The net cash position stood at  Rs 7,717 crore at the end of the quarter, despite a higher dividend payout of Rs 1,485 crore and debt repayment of Rs 963 crore during the quarter.

CRISIL upgraded DLF’s credit rating to AA+/Stable, reflecting the strong financial health and consistent business performance.

The housing sector continues to benefit from a resilient economy, increasing desire towards home ownership and growing demand for branded, credible developers. We continue to leverage our high-quality land bank by calibrating our new product offerings to leverage this sustained momentum in line with our guided trajectory.

Our annuity business continues to deliver healthy and consistent growth. Q2FY26 consolidated revenue of DLF Cyber City Developers Limited (“DCCDL”) stood at Rs 1,822 crore; EBITDA stood at Rs 1,412 crore, reflecting a y-o-y growth of 12%; consolidated profit for the quarter stood at Rs 643 crore, a y-o-y growth of 23%.

DCCDL received a 5-Star GRESB rating and was named Global Sector Leader (Unlisted) for its ESG initiatives.

Two new assets were added to the annuity portfolio:

• ~2.1 msf (first phase) at Atrium Place in Gurugram
• ~0.2 msf at DLF Midtown Plaza in Delhi

Our operational annuity portfolio now stands at ~49 msf, among the largest organically grown portfolios in India. On the backdrop of strong tailwinds coupled with a sizeable and identified product pipeline, we continue to implement a robust capex program to further grow our annuity portfolio over the medium term.

We continue to deliver consistent and profitable growth, backed by a strong balance sheet, high-quality assets, and a resilient business model. The company remains committed to capitalizing on sector tailwinds and creating long-term value for all our stakeholders.