Real estate giant DLF Ltd reported a slight increase in consolidated net profit by 4%, reaching 793.90 crore rupees for the quarter ending in June. This growth occurred against a backdrop of a significant decline in the company's total revenue.
The company's net profit for the reporting period was 793.90 crore rupees, compared to 762.67 crore rupees the previous year. Total revenue for the first quarter of the fiscal year 2026-27 amounted to 1,605.56 crore rupees, which is significantly less than the 2,980.88 crore rupees recorded in the same period last year, according to regulatory filings.
The rise in DLF's net profit, the country's largest developer by market capitalization, is attributed to an increase in the share of profit from affiliated and joint ventures to 485.83 crore rupees in the June quarter, up from 380.55 crore rupees in the same period last year.
Sales and Development Plans
Regarding operational activities, DLF registered sales booking volume of 657 crore rupees for April-June, a sharp decrease compared to 11,425 crore rupees during the same period last year. The company attributed this drop in bookings or pre-sales to the postponement of residential project launches.
DLF representatives stated that the company remains well-prepared to bring upcoming products to market and expects to soon receive the necessary approvals for planned launches. They expressed confidence in achieving medium-term growth targets due to sustained customer demand, strong brand positioning, deep market presence, and a clear launch plan.
The company's net cash position continued to improve, reaching 15,200 crore rupees by the end of June. In the commercial real estate segment, DLF reported that its leasing portfolio, covering approximately 50 million square feet, continues to demonstrate high operational efficiency with an industry-leading occupancy rate of 95%.
The company emphasized its commitment to ensuring stable and sustainable long-term growth in its leasing business through prudent capital deployment to create high-quality assets. In the current fiscal year, three new retail properties totaling 1.5 million square feet of gross leasable area are expected to contribute to significant growth in the retail business.
DLF noted that thanks to its extensive land bank, robust development and leasing pipeline, strengthened balance sheet, and stable cash generation, the company is well-positioned to capitalize on the structural upturn in the sector. Meanwhile, the company maintains a focus on ensuring sustainable and profitable growth and long-term value for all stakeholders.
Overall, DLF has developed over 185 real estate projects with a total area exceeding 352 million square feet. The group possesses a development potential of 275 million square feet in both residential and commercial segments. DLF's core business focuses on developing and selling residential real estate (Development Business) and developing and leasing commercial and retail real estate (Leasing Business).
