Missing analyst estimates, DLF posted an 18% jump in net profit at Rs 763 crore in Q1FY26. Analysts had estimated a profit of Rs 879 crore.
The revenue of the country’s largest listed property developer went up nearly two times to Rs 2,717 crore from Rs 1,362 crore in Q1FY25, beating estimates.
Luxury bookings, cash surplus drive growth momentum
The company said its new sales bookings for the first quarter stood at Rs 11,425 crore, reflecting a year-on-year growth of 78%, which was mainly driven by bookings in its luxury project Privana North.
Chairman Rajiv Singh said at the annual general meeting that the company remains committed to deliver steady and profitable growth across all key parameters in the business.
“We have a strong and identified pipeline of new products across geographies for our development business which is expected to deliver healthy gross margins and generate significant cash surplus,” Singh said.
He added the company remains committed to growing the annuity portfolio and has set an ambitious target for themselves to cross annual rental revenues of Rs 10,000 crore in the medium-term.
DLF continues to generate healthy a cash surplus, leading to further improvement in the net cash position to Rs 7,980 crore at the end of the quarter, the company said in a release.
“We remain enthused on the strong prospects of the housing demand backed by a resilient economy, growth-oriented policies of the government & central bank, increasing desire for home ownership, and strong preference towards large, credible and branded players,” the company said.
DCCDL revenue rises, 25 million sq ft launch pipeline
The Q1 consolidated revenue of its commercial arm DLF Cyber City Developers (DCCDL) stood at Rs 1,739 crore while the earnings before interest, tax, depreciation and amortisation stood at Rs 1,356 crore, reflecting a y-o-y growth of 14%.
The consolidated profit for the quarter stood at Rs 593 crore, a y-o-y growth of 26%.The company said it has over 25 million sq ft of launches across super luxury, luxury and premium segments.