Established in: 1946
Managing Director: Ashok Kumar Tayagi and Devinder Singh
DLF Limited is a well-known real estate company headquartered in Gurugram, Haryana, India. It has a strong presence in developing across residential, commercial and retail spaces.
DLF is known for shaping the urban living lifestyle, especially in Gurugram and other major Indian cities. From premium residential properties to large corporate offices and malls, DLF focuses on quality construction and providing long-term value to its customers.
DLF constructed some of the first residential colonies in Delhi, developing places like Krishna Nagar in East Delhi by 1949. DLF Limited’s growth continued with the creation of various famous urban colonies in the national capital. It includes South Extension, Greater Kailash Colony, etc.
Apart from its real estate development, DLF has diversified its operations into infrastructure, SEZ, and the construction of the hotel business.
History of DLF Limited
DLF Limited, initially known as Delhi Land and Finance, was founded by Chaudhary Raghvendra in 1946 with a vision to develop modern urban spaces in India.
DLF started its journey by building 22 urban colonies in Delhi. By 1985, the company ventured into Gurugram, Haryana, by building residential and commercial buildings for MNCs and corporates.
When the Delhi Development Act of 1957 came into force, private real estate colony development faced limitations as the state government took charge of such activities.
To solve this issue, DLF began acquiring land outside the Delhi Development Authority’s control, especially in Gurugram, at a lower cost.
Over the decades, DLF expanded into luxury housing, commercial buildings, tech parks and malls. Today, DLF stands as a symbol of scale, legacy, and long-term growth in the property market.
Business Segments of DLF Limited
As of now, DLF Limited’s business can be divided into four segments
-
Residential Property Development: DLF Company develops premium, mid-income and luxury homes, including apartments, villas and plot development.
-
Commercial Real Estate: It includes office spaces, tech parks and business hubs mainly rented to corporates and MNCs for long-term use.
-
Retail Properties: DLF owns and operates retail shopping malls that are used by the general public daily for entertainment.
-
Rental Assets: DLF had a portfolio of leased offices and retail assets that generate consistent revenue.
DLF Limited Business Operations
DLF Limited's business model revolves around earnings from real estate development and rentals. It is involved in land acquisition, planning, executing, constructing and marketing of housing and commercial projects. DLF is also active in power generation, transmission, maintenance services, hospitality and recreational ventures.
By the end of the financial year 2022-23, DLF developed over 150 projects. Their cumulative area developed surpasses a 340 million square feet mark.
In 2009, the company sold DT Cinemas and formed a strategic alliance with PVR for a long-term collaboration. March 2010 marked the integration of Caraf Builders and its subsidiaries as a wholly-owned entity of Cyber City, a DLF subsidiary. In 2014, DLF Global Hospitality Ltd (DGHL), a 100% subsidiary of DLF Ltd, sold its entire stake in Silverlink Resorts Ltd.
In 2015, DLF Ltd, along with its wholly-owned subsidiary DLF Home Developers Ltd (DHDL), joined hands with GIC, Singapore's sovereign wealth fund, for a joint venture aimed at investing in two upcoming projects in Central Delhi. Two years later, in 2017, DLF Limited and GIC formed another joint venture, DLF Cybercity Developers Limited (DCCDL). The year 2018 saw DLF making a significant move by acquiring 11.76 acres of land for ₹1,500 crore in Gurugram.
Continuing its strategic expansions, in 2020, DLF's rental arm DCCDL agreed to acquire the entire 52% stake held by US-based Hines in a commercial project in Gurugram.
DLF Limited Financial Performance (FY25 vs FY24)
Revenue: DLF Limited reported consolidated revenue of ₹8,995.89 crore in FY25 vs ₹6,958.34 crore in FY24. It showed an increase of 29.28% on a yearly basis, reflecting decent growth.
Operating Profit: The company reported an operating profit of ₹2,260.62 crore in FY25 vs ₹2,150.54 crore in FY24. It showed an increase of 5.11% on a year-on-year basis, indicating that the company's operating profit is growing well.
Net Profit: DLF Limited reported a net profit of ₹2,694.51 crore in FY25 compared to ₹1,630.40 crore in FY24. It showed an increase of 65.26% on a yearly basis, indicating an improvement in overall performance.
DLF Financial Highlights
- Revenue: DLF reported revenue of ₹9,816.04 crore in FY26 vs ₹8,995.89 crore in FY25. It showed an increase of 9.12% on a yearly basis.
- Operating Profit: DLF reported an operating profit of ₹2,931.82 crore in FY26 vs ₹2,260.62 crore in FY25. It showed an increase of 29.69% on a year-on-year basis.
- Net Profit: DLF reported a net profit of ₹2,621.85 crore in FY26 vs ₹2,694.51 crore in FY25. It showed a decrease of 2.70% on a yearly basis.
DLF Quarterly Result Highlights
- DLF reported revenue of ₹2,093.82 crore in Mar 2026, compared with ₹2,479.54 crore in Dec 2025, representing a decrease of 15.56% on a quarter-on-quarter (QoQ) basis.
- DLF reported an operating profit of ₹649.07 crore in Mar 2026, compared with ₹722.60 crore in Dec 2025, representing a decrease of 10.18% on a quarter-on-quarter (QoQ) basis.
- DLF reported a profit of ₹741.18 crore in Mar 2026, compared with ₹730.02 crore in Dec 2025, reflecting an increase of 1.53% on a QoQ basis.
- The earnings per share (EPS) of DLF stood at ₹17.64 during Mar 2026.
