DLF Limited has concluded FY26 with robust performance, reporting INR 10,000 crores in overall revenue and healthy cash generation. The company achieved INR 20,143 crores in new sales bookings and a record collection of over INR 13,500 crores. With a zero gross debt position in its development business and a strong rental portfolio occupancy of 95%, DLF remains well-positioned for future growth through a solid launch pipeline and consistent cash flow generation.
Fiscal Year 2026 Financial Highlights
DLF Limited delivered a strong financial performance for FY26, marked by sustained demand momentum. The company reported an overall revenue of INR 10,000 crores with a gross margin of 39%. Profitability remained high, with a net profit for the fiscal year reaching INR 4,256 crores, representing a 16% growth year-over-year. The Board has recommended a dividend of INR 8 per share, reflecting a 33% increase compared to the previous year.
Development Business and Sales Momentum
The development business achieved INR 20,143 crores in new sales bookings, driven by successful project sellouts such as Privana North in Gurugram and West Park in Mumbai. The super-luxury offering, Dahlias, played a pivotal role in the quarter’s sales, contributing INR 3,967 crores in Q4. Notably, the company achieved a zero gross debt position in its development arm, significantly strengthening its balance sheet.
Rental Business Performance
The company’s annuity business continues to show exceptional strength, with a portfolio of 50 million square feet operating at an industry-leading occupancy rate of 95%. Management highlighted a high growth impact in EBITDA and Net Operating Income (NOI), ranging between 34% and 35%. New assets such as Atrium Place are fully leased, and upcoming mall projects are expected to drive future income growth, with a long-term guidance of mid-teens growth in NOI.
Future Outlook and Strategic Focus
DLF maintains a healthy launch pipeline of approximately INR 60,000 crores for the medium term. For FY27, the company plans to focus on significant launches in Gurugram, including a major project in DLF City and the Arbour Senior Living development. Management emphasized a disciplined approach to growth, prioritizing high margins and consistent cash flow over volume-based presales metrics, ensuring sustainable value creation for shareholders.
Source: BSE
