DLF Q1 Result: Net profit rises 18% to ₹763 crore; new sales bookings surge 78% YoY

DLF Ltd, India’s largest real estate developer announced its first quarterly report on Monday for FY26. The company reported an 18% year-on-year increase in consolidated net profit for the June quarter of the current financial year.

According to its regulatory filing, the company posted a net profit of ₹762.67 crore in the April-June quarter of FY26, compared to ₹644.67 crore in the same period last year.

The realty major’s total income rose to ₹2,980.88 crore during the quarter, a significant increase from ₹1,729.82 crore in the corresponding quarter of the previous year.

DLF said its new sales bookings reached ₹11,425 crore in Q1 FY26, marking a 78% jump over the year-ago period. “New sales bookings for the first quarter stood at ₹11,425 crore, reflecting a year-on-year growth of 78%,” the company said.

Sales bookings grew sharply on the back of high sales in its newly launched luxury housing project in Gurugram.

DLF said this reaffirmed sustained demand for high quality developments backed by a strong brand and superior execution capabilities.

"We remain enthused on the strong prospects of the housing demand backed by a resilient economy, growth-oriented policies of the government & central bank, increasing desire for home ownership, and strong preference towards large, credible and branded players," DLF said.

The company said it would seek to leverage these tailwinds to offer high quality products.

"We believe that our business is well poised to leverage this structural upcycle backed by a significant land bank having high embedded potential, a robust pipeline of new products across both development and rental business, strong balance sheet and consistent cash flow generation," DLF said. The company reiterated its commitment to achieving consistent and profitable growth, as per the statement.

DLF has completed over 185 real estate projects, covering a developed area exceeding 352 million sq ft. The group holds a development potential of 280 million sq ft across residential and commercial segments, which includes ongoing projects and planned pipeline developments.

Addressing shareholders at DLF's 60th Annual General Meeting (AGM), Singh said the company during 2024-25 fiscal delivered a strong performance, achieving robust growth across both housing development and rental (of commercial properties) businesses.

He said the company's annuity portfolio, encompassing offices, retail and hospitality, continues to exhibit steady growth.

The chairman informed that new buildings in 'Downtown Gurugram' and Chennai project are completed. Additionally, three new retail properties are set to open in the near future, further strengthening its portfolio.

"We remain equally excited and committed to grow our annuity portfolio and have set an ambitious target for ourselves to cross annual rental revenues of ₹10,000 crore in the medium-term," Singh told shareholders.

On residential business, the chairman highlighted that the DLF achieved a record sales booking of ₹21,223 crore, with a year-on-year growth of 44%.

The company's latest housing project, 'West Park', in Mumbai has been equally well-received, he added.

"We have a strong and identified pipeline of new products across geographies for our development (housing) business which is expected to deliver healthy gross margins and generate significant cash surplus for your company," Singh said.

Shares of DLF ended 2.37% higher at ₹795.85 apiece on the NSE on Monday, August 4. The stock had touched an intraday high of ₹796 per share.

Over the last one month, DLF shares have dropped nearly 5%.

In the last six months, the stock has increased by 4.41%, while the year-to-date drop stands at 3.47%.

The stock touched its 52-week high of ₹928.70 apiece on the NSE and it hit its 52-week low of ₹601.20. The company's market capitalisation stands at ₹1,97,000 crore.