DLF Limited announced its results for Q2FY26, showcasing robust growth and financial health. New sales bookings reached Rs 4,332 crore, and the company reported a net cash position of Rs 7,717 crore. DCCDL’s rental income also increased to Rs 1,362 crore. The company has also received 5-Star rating by GRESB. CRISIL upgraded DLF’s credit rating to CRISIL AA+/Stable.
Key Financial Highlights
DLF Limited has demonstrated strong financial performance in Q2FY26, marked by substantial growth in key areas:
- New Sales Bookings: Reached Rs 4,332 crore, driven by successful launches, including its first project in Mumbai, ‘The Westpark’.
- Collections: Stood at Rs 2,672 crore.
- Net Cash Surplus: Generated Rs 1,137 crore before dividend payments.
- Gross Cash Balance: Recorded at Rs 9,204 crore, including Rs 8,358 crore in RERA accounts.
- Net Cash Position: Remained strong at Rs 7,717 crore, after dividend payouts of Rs 1,485 crore and debt repayment of Rs 963 crore.
DCCDL Performance
DLF Cyber City Developers Limited (DCCDL) also posted impressive results:
- Rental Income: Increased to Rs 1,362 crore, reflecting a year-on-year growth of 15%; PAT growth of 23%.
- Net Debt: Stood at Rs 17,355 crore, with a Net Debt-to-EBITDA ratio of 3.1x.
Operational Excellence
DLF’s operational metrics remain robust:
- Rental Portfolio: Maintained an occupancy rate of 94% by area and 96% by value across approximately 49 msf.
- Office Occupancy: Non-SEZ offices at 98%, SEZ offices at 86%, and retail at 97%.
Strategic Achievements
Key strategic achievements include:
- Credit Rating Upgrade: CRISIL upgraded DLF Limited’s credit rating to CRISIL AA+/Stable.
- ESG Recognition: DCCDL awarded a 5-Star rating by GRESB for its ESG initiatives, also recognized as a Global Sector Leader (Unlisted).
- Pre-Leasing Success:
- Atrium Place, Gurugram: Pre-leased at 93% with OC for the first phase (~2.1 msf) received in Q2FY26.
- Midtown Plaza, Delhi: OC received; Pre-leased at 85%.
Financial Performance (DLF Limited)
The financial overview of DLF Limited shows:
- Revenue: Rs 5,243 crore for H1FY26
- EBITDA: Rs 1,531 crore for H1FY26
- PAT: Rs 1,937 crore for H1FY26
Financial Performance (DCCDL)
The financial overview of DCCDL shows:
- Revenue: Rs 3,561 crore for H1FY26
- EBITDA: Rs 2,768 crore for H1FY26
- PAT: Rs 1,236 crore for H1FY26
Source: BSE
