DLF Limited reported strong Q2 FY26 results, including new sales bookings of over Rs. 4,300 crores, driven by the successful launch of “The Westpark” in Mumbai. Cumulative sales for the first half of the fiscal year reached over Rs. 15,750 crores. The company repaid Rs. 963 crores of debt and paid a dividend of Rs. 6 per share. Consolidated revenue stood at Rs. 2,262 crores with EBITDA at Rs. 902 crores.
Financial Performance
DLF Limited announced its Q2 FY26 financial results with the following key highlights:
- New sales booking for the quarter: Over Rs. 4,300 crores.
- First half sales: Over Rs. 15,750 crores.
- Collections: Rs. 2,672 crores.
- Debt repayment: Rs. 963 crores.
- Dividend payout: Rs. 6 per share, a 20% year-over-year increase.
- Consolidated revenue: Rs. 2,262 crores.
- EBITDA: Rs. 902 crores.
- PAT: Rs. 1,171 crores (including a one-time impact of approx. Rs. 600 crores).
Annuity Business and Occupancy
The operational rental portfolio stands at 49 million square feet. Occupancy rates remain high:
- Overall Value Basis: Around 96%.
- Area Basis: Almost 94%.
- Non-SEZ Office: Over 98%.
- Retail: 97%-98%.
DCCDL rental income grew to Rs. 1,362 crores, a 15% year-over-year increase. PAT grew by 23% for the same period. Net debt-to-EBITDA on an annualized basis stood at 3.1x.
Project Updates
Atrium, Gurgaon, saw pre-sales levels at 93%. Midtown Plaza pre-leasing has reached 85% after receiving the occupancy certificate (OC).
Future Launch Pipeline (FY27)
The company plans to launch projects including Hamilton 2, another Privana project, and developments in Panchkula.
Strategy and Outlook
DLF’s focus remains on gross margins and surplus cash generation. As of September 30th, the gross margin potential stood at over Rs. 40,000 crores, and surplus cash potential at over Rs. 44,000 crores.
Source: BSE