DLF Q2 FY26 net profit falls 15% to ₹1,180 crore; sales up six-fold to ₹4,332 crore driven by demand for Mumbai project
Delhi-NCR-based real estate developer DLF on October 30 reported a nearly 15% decline in consolidated net profit to ₹1,180.09 crore for the second quarter of FY26, compared to ₹1,381 crore in the same period last year, due to lower revenue from operations. However, the company’s sales bookings surged six-fold to ₹4,332 crore, driven by demand for its maiden project launched in Mumbai.
The company’s revenue from operations decreased by approximately 20% in Q2 FY26 to ₹1,643.04 crore during the July-September period of this fiscal year, compared to ₹1,975.02 crore during the same period last year.
According to the Q2 results, the company’s total income, however, rose to ₹2,261.80 crore from ₹2,180.83 crore during the same period last year.
According to the company statement, the company’s sales bookings for the second quarter stood at ₹4,332 crore, driven by the successful maiden launch in Mumbai, The Westpark, and continued healthy momentum in the super-luxury segment.
The company’s sales bookings stood at ₹692 crore in the same period last year.
“We continue to focus on further strengthening of our balance sheet and cash flow generation. The net cash position stood at ₹7,717 crore at the end of the quarter, despite a higher dividend payout of ₹1,485 crore and debt repayment of ₹963 crore during the (September) quarter,” the real estate firm said.
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The company’s cumulative new sales bookings for H1FY26 stood at ₹15,757 crore, in line with its annual guidance, the statement said.
According to the company, rating agency CRISIL upgraded DLF’s credit rating to AA+/Stable, reflecting the strong financial health and consistent business performance.
According to the company statement, the housing sector continues to benefit from a resilient economy, an increasing desire for home ownership, and growing demand for branded, credible developers.
“We continue to leverage our high-quality land bank by calibrating our new product offerings to capitalise on this sustained momentum, in line with our guided trajectory,” the company stated.
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Annuity business
According to the company, its annuity business continued to deliver healthy and consistent growth.
In Q2FY26, consolidated revenue of DLF Cyber City Developers Limited (DCCDL) stood at ₹1,822 crore, EBITDA stood at ₹1,412 crore, reflecting a y-o-y growth of 12%, and consolidated profit for the quarter stood at ₹643 crore, a y-o-y growth of 23%, the company said.
“Our operational annuity portfolio now stands at 49 million sq ft, among the largest organically grown portfolios in India. On the backdrop of strong tailwinds, coupled with a sizable and identified product pipeline, we continue to implement a robust capital expenditure program to further grow our annuity portfolio over the medium term,” it said.
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According to the company, it continues to deliver consistent and profitable growth, backed by a strong balance sheet, high-quality assets, and a resilient business model. “The company remains committed to capitalising on sector tailwinds and creating long-term value for all our stakeholders,” the statement added.
