Real estate giant DLF Limited has announced strong financial results for the second quarter of FY26, with solid growth across key performance indicators and continued momentum in both residential and annuity businesses.
Key Financial Highlights (Q2 FY26 – Consolidated)
- Revenue: ₹2,262 crore
- EBITDA: ₹902 crore
- Net Profit: ₹1,171 crore
- Net Operating Cash Surplus: ₹1,137 crore
- Net Cash Position: ₹7,717 crore
DLF also recorded new sales bookings of ₹4,332 crore during the quarter, led by its successful debut project in Mumbai – The Westpark – and strong demand in the super-luxury housing segment.
Cumulative sales for H1 FY26 reached ₹15,757 crore, aligning with the company’s annual targets.
Despite paying a dividend of ₹1,485 crore and repaying ₹963 crore in debt during the quarter, DLF maintained a robust cash position. Reflecting this strength, CRISIL upgraded DLF’s credit rating to AA+/Stable.
Strong Growth in Annuity Business
DLF’s rental arm, DLF Cyber City Developers Ltd (DCCDL), posted impressive growth:
- Revenue: ₹1,822 crore
- EBITDA: ₹1,412 crore (up 12% YoY)
- Profit: ₹643 crore (up 23% YoY)
The company also expanded its annuity portfolio with two new additions:
- ~2.1 million sq. ft. at Atrium Place, Gurugram
- ~0.2 million sq. ft. at DLF Midtown Plaza, Delhi
With an operational portfolio of ~49 million sq. ft, DCCDL is now among India’s largest organically grown commercial portfolios.
Additionally, it earned a 5-Star GRESB rating and was named Global Sector Leader (Unlisted) for its ESG initiatives.
Looking Ahead
DLF said it will continue leveraging its premium land bank and strong financial base to tap into India’s resilient housing demand. The company plans to scale its capex program and maintain consistent, profitable growth while creating long-term value for shareholders.
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