DLF Limited announced its Q3FY26 results, reporting a 29% year-over-year increase in net profit (before exceptional items). The company achieved its goal of zero gross debt, with a net cash position of ₹11,660 crore. Strong business performance drove record collections, contributing to a positive outlook for the company.
Financial Performance Highlights
DLF Limited reported strong financial results for Q3FY26. Key highlights include:
- Consolidated Revenue: ₹2,479 crore
- EBITDA: ₹849 crore
- Net Profit: ₹1,207 crore
- Net cash position: ₹11,660 crore
The company’s performance led to record collections during the quarter, with cumulative net collections for the nine-month period reaching ₹10,216 crore, a 21% year-over-year growth.
Zero Gross Debt Achievement
DLF successfully achieved its stated goal of reaching zero gross debt, driven by strong surplus cash generation of ₹3,876 crore during the quarter. The company’s net cash position now stands at ₹11,660 crore.
Sales and Future Outlook
New sales bookings stood at ₹419 crore, supported by the healthy monetization of launched inventory. DLF remains confident in achieving its annual guidance and plans to introduce new product offerings aligned with its medium-term plan.
Credit Rating Upgrade
ICRA upgraded DLF’s credit rating to AA+/Stable, reflecting the company’s strong financial health and consistent business performance.
Annuity Business Performance
The annuity business continues to deliver healthy and consistent growth. Key figures for Q3FY26 consolidated revenue of DLF Cyber City Developers Limited (DCCDL) include:
- Revenue: ₹1,878 crore
- EBITDA: ₹1,464 crore, reflecting an 18% year-over-year growth
- Consolidated Profit: ₹707 crore
DLF added another retail asset, DLF Summit Plaza in DLF5 Gurugram, further strengthening its retail presence to approximately 5 msf.
Strategic Focus
DLF remains focused on building its annuity portfolio, with an operational portfolio of approximately 49 msf. This, combined with the under-construction portfolio and a strong identified future pipeline, should drive strong and consistent growth in the annuity business. The company continues to emphasize consistent and profitable growth, supported by a strong balance sheet and high-quality assets, with a commitment to capitalizing on sector tailwinds and creating long-term value.
Source: BSE
