DLF Limited announced strong Q3 FY26 results, achieving zero gross debt in its development business ahead of schedule. The company reported record gross collections of approximately ₹5,100 crores and net collections of ₹10,216 crores for the nine-month period, a 21% year-over-year increase. The company’s balance sheet remains robust with gross cash of approximately ₹11,600 crores.
Financial Highlights for Q3 FY26
DLF Limited reported a strong performance in Q3 FY26, marked by robust operating execution and strong cash flows. Key financial highlights include:
- Revenue: Consolidated revenue stood at ₹2,479 crores, a 43% year-over-year growth.
- EBITDA: Reached ₹848 crores, a 39% year-over-year increase.
- Profit After Tax: Stood at ₹1,252 crores, reflecting a 29% year-over-year growth and a reported profit after tax of ₹1,207 crores, a 14% year-over-year increase.
Zero Gross Debt Achievement
DLF has successfully achieved zero gross debt in its development business ahead of its estimated timelines, a direct outcome of strong cash generation. Gross cash stood at approximately ₹11,600 crores.
Operational Performance
The company witnessed record gross collections of around ₹5,100 crores with sustained collection efficiency across all projects. New sales bookings in the current quarter were ₹419 crores. Bookings at Dahlias were paused during Q3 as part of a planned redesign to enhance customer experience, but have now resumed.
Annuity Business Update
The annuity business continued to perform well, with strong take-up from GCCs and international companies, especially in the BFSI and technology sectors. Closing vacancy as of December 31st is now in DCCDL, where about 88%-90% of the rental assets are down to about 5%-5.5%. Downtown 4 in Gurgaon is fully leased, and Downtown 3 in Chennai is also fully leased.
Future Outlook
DLF is planning several new launches including Arbour 2, the senior living project, and the re-introduction of Dahlias. The company also anticipates launching a major group housing project in DLF City, the next phase of Westpark in Mumbai, and a launch in Panchkula. The construction of Mall of India, Gurgaon, is progressing along with the other towers and offices.
Source: BSE
