DLF Q1 FY26 results: PAT up 18% on record sales of over ₹11,425 crore

Revenue nearly doubles to Rs 2,716 crore in Q1 FY26, as DLF meets strong demand for luxury homes and continues expansion in Mumbai, Goa, and Gurugram

Realty major DLF reported an 18 per cent increase in consolidated net profit for the first quarter of FY26, driven by record-high new sales bookings and strong operational performance, underscoring buoyant demand in India’s premium housing market.

 

The country’s largest real estate developer by market capitalisation posted a net profit of ₹762.67 crore for the quarter ended June 30, up from ₹644.67 crore a year earlier. The company remains confident of achieving, and potentially exceeding, its full-year sales guidance of ₹20,000-22,000 crore.

 

Revenue from operations nearly doubled to ₹2,716.70 crore, up 99 per cent from ₹1,362.35 crore in the same quarter last year. Total income climbed 42 per cent year-over-year to ₹2,980.8 crore, the company said in a BSE filing on Monday.

 

 

Earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 6 per cent to ₹628 crore, compared with ₹597 crore in the year-ago period. Ebitda margin stood at 21 per cent.

 

DLF said new sales bookings surged 78 per cent year-over-year to ₹11,425 crore in the quarter, the highest-ever for the company. The growth was led by its luxury residential launch, Privana North, which sold out all 1,164 units within a week.

 

“Encouraging response to DLF Privana North reaffirmed sustained demand for high-quality developments backed by a strong brand and superior execution capabilities,” the company said. 

 

It already has a strong pipeline of key projects coming up in Mumbai and Goa, along with the next phase to super luxury residential project, The Dahlias, coming up in Gurugram. 

 

“We remain enthused on the strong prospects of the housing demand backed by a resilient economy, growth-oriented policies of the government and central bank, increasing desire for home ownership, and strong preference towards large, credible and branded players,” the company said.  

 

DLF’s annuity business, which includes its rent-yielding office and retail assets, continued to show improvement, with occupancy holding steady at 94 per cent. According to its investor presentation, the company has about 28 million square feet under planning and development in the segment, including 5 million square feet scheduled for completion in FY26.

 

During the quarter, the company commissioned an additional 1.1 million square feet at DLF Downtown in Chennai, strengthening its presence in the southern commercial market. “We remain focused on swift execution of our upcoming retail destinations which should further enhance the offerings of our well-established annuity portfolio,” the company said.

 

DLF said it is well-positioned to leverage the structural upswing in real estate, supported by a substantial land bank with significant embedded value and a robust pipeline of new products across development and rental verticals.

 

DLF reported its earnings after market hours. Shares of the company closed 2.5 per cent higher at ₹796.65 apiece on Monday.