DLF net profit jumps 4% YoY to ₹794 crore in Q1, revenue declines 53%; check June quarter performance

According to a regulatory filing, the company recorded a 4.1% year-on-year (YoY) rise in its consolidated net profit to ₹793.90 crore during the quarter under review, compared with ₹762.67 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

However, on a sequential basis, its profit declined 37.4% quarter-on-quarter (QoQ) from ₹1,268.6 crore in the March quarter of FY26 (Q4 FY26).

Its revenue from operations fell 52.9% YoY to ₹1,280.34 crore in the June quarter of FY27, as against ₹2,716.70 crore in the corresponding period of the previous fiscal year. Its revenue declined 29.42% QoQ from ₹1,814.06 crore in the quarter-ago period.

On the operational front, DLF reported sales bookings at ₹657 crore for April-June, a sharp decline from ₹11,425 crore in the corresponding period a year ago.

The company attributed the fall in sales bookings or pre-sales to deferred launches of its housing projects.

"We remain well positioned to bring our upcoming products to the market and expect the requisite approvals to be received soon for the planned launches. With sustained customer demand, strong brand positioning, deep market presence and a defined launch pipeline, we remain confident of achieving our stated medium-term growth goals," DLF said.

Net cash position improved further to ₹15,200 crore at the end of the June quarter.

Regarding the commercial real estate business, DLF said its rental portfolio, spanning about 50 million sq ft, continues to demonstrate robust operating strength with industry-leading occupancy of 95 per cent.

"We remain steadfast towards driving steady and sustainable long-term growth in our annuity business by measured capital deployment to build out high-quality destinations," the company said.

During the current fiscal, three new retail destinations aggregating 1.5 million sq ft of gross leasable area are expected to drive significant growth in retail business.

"With a significant land bank, a robust launch pipeline across development and rental businesses, a strengthened balance sheet and consistent cash flow generation, DLF is well positioned to capitalise on the structural upcycle in the sector," the company said, adding it remains focused on delivering sustained, profitable growth and long-term value for all stakeholders.

DLF to expand housing, commercial property biz

DLF Chairman Rajiv Singh, addressing the company's shareholders at the 61st annual general meeting (AGM), said the company will continue to expand its residential and commercial real estate verticals, while maintaining a "cautious eye" on the overall macroeconomic situation.

In the 2025-26 fiscal year, Singh said, DLF delivered a strong performance across its development (housing) and annuity (commercial real estate) businesses.

The company achieved new sales bookings of ₹20,143 crore and delivered a net profit of ₹4,408 crore. The annuity portfolio now stands at about 50 million sq ft and continues to grow steadily.

During the last fiscal, DLF posted a net profit of Rs 4,414.68 crore on a total income of Rs 9,816.04 crore.

DLF is primarily engaged in the development and sale of residential properties (the development business), and the development and leasing of commercial and retail properties (the annuity business).

"Our Development and Annuity businesses continue to focus on growth and expansion in their respective areas of operations. We remain confident of achieving our business goals, while maintaining a cautious eye on the overall macroeconomic developments," he said.

DLF has developed over 185 real estate projects and an area of more than 352 million square feet.

The Group has 275 million sq ft of development potential across the residential and commercial segment.

DLF is primarily engaged in the business of development and sale of residential properties (the Development Business) and the development and leasing of commercial and retail properties (the annuity business).

DLF has a total market capitalisation of ₹1.65 lakh crore as of August 3, 2026, according to data on the NSE.