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DLF Profit Rises 4.1% Despite Revenue Drop
3 Aug
Summary
- DLF's Q1 profit increased by 4.1% to ₹793.9 crore.
- Revenue saw a significant 52.9% year-on-year decline.
- The company maintains a strong net cash position of ₹15,200 crore.
DLF Ltd. announced its first-quarter financial results, revealing a consolidated net profit of ₹793.9 crore, marking a 4.1% rise compared to the same period last year. However, the company's revenue experienced a significant decline of 52.9%, falling to ₹1,280.3 crore from ₹2,716.7 crore in the corresponding quarter of FY26.
Despite the revenue dip, DLF demonstrated robust operational strength. The company's EBITDA saw a decrease to ₹150.3 crore, with margins at 11.7%. Notably, DLF generated operating cash flow of ₹1,317 crore, further strengthening its net cash reserves to ₹15,200 crore by the quarter's end.
New sales bookings for the quarter amounted to ₹657 crore, influenced by deferred launches. DLF's rental portfolio, comprising approximately 50 million square feet, maintained a high occupancy rate of 95%. The company is set to introduce three new retail destinations this fiscal year, collectively adding 1.5 million square feet of gross leasable area.
DLF Cyber City Developers Limited (DCCDL) reported positive results with a 9% year-on-year EBITDA growth to ₹1,474 crore and a 21% increase in net profit to ₹717 crore. DLF expressed confidence in capitalising on the sector's upcycle, driven by its substantial land bank and launch pipeline.
