DLF Reports Q4 FY26 Net Profit of ₹1,269 Crore; Declares 400% Dividend for FY26
DLF Reports FY26 Profit Growth Driven by Strong Collections and Land Monetisation
DLF reported a net profit of ₹4,256 crore before exceptional items for the year ended March 31, 2026, up 16 per cent over the previous year. Revenue grew 13.1 per cent to ₹10,174 crore, with EBITDA at ₹3,070 crore in FY26, compared to ₹3,111 crore in FY25.
The company delivered full-year results that reflected operational discipline across its residential and rental businesses. DLF's new sales bookings for FY26 stood at ₹20,143 crore, in line with its guidance. The company posted a net profit of ₹1,265 crore during Q4 FY26, with gross margins remaining healthy at 46 per cent.
Q4 Mixed Performance Amid Market Softness
The March quarter presented a softer demand environment. DLF's EBITDA came in at ₹691 crore, a 42.3 per cent fall year-on-year, with margin contracting to 28.2 per cent from 31.3 per cent a year ago. However, the net profit met analyst expectations despite the revenue headwind.
The company's costs related to land, plots, constructed properties and development rights decreased 51.2 per cent to ₹806.7 crore, reflecting a lower project completion calendar in the quarter relative to year-ago levels.
Balance Sheet Strength and Cash Generation
DLF exited FY26 on a strong note, with a further strengthened balance sheet, including a zero gross debt position in the development business, and a net cash surplus. The company also strengthened its balance sheet further by achieving a zero gross debt position in its development business while ending the year with a net cash surplus of ₹14,155 crore.
Net cash flow generated from standalone operating activities for FY26 was ₹6,072.92 crore, against ₹4,687.95 crore in FY25. On a consolidated basis, net cash flow from operating activities for the year ended March 31, 2026 was ₹6,347.37 crore, compared to ₹5,235.24 crore in FY25.
Dividend Increased by 33 Per Cent
The company declared a final dividend of ₹8 per equity share for FY26 — a 400 per cent payout given the face value of ₹2 per equity share. DLF said the payout marks a 33 per cent rise over the previous year.
Reflecting confidence in future growth and shareholder returns, DLF's Board recommended a dividend of ₹8 per share for FY26. The proposed dividend marks a 33% increase compared to the previous year.
Luxury Segment Underpinning Growth
DLF's full-year new sales books were driven by robust demand for its luxury projects including DLF Privana North (Gurugram) and DLF Westpark (Mumbai). Both projects anchored the company's FY26 performance in their respective markets. DLF Ltd. is the largest real estate developer in India with more than 73 years of experience in the realty sector.
Positioning for the Structural Upcycle
The company said it is well positioned to capitalise on the structural upcycle in the sector, with a significant land bank, a robust launch pipeline across development and rental businesses, a strengthened balance sheet and consistent cash flow generation.
DLF operates across various geographic locations in India, targeting key markets such as Gurugram, Delhi, Hyderabad, Noida, and Chennai. The company has established a significant presence in these regions, contributing to the development of business and residential infrastructure.
About DLF
DLF was founded by Chaudhary Raghvendra Singh in 1946, and it is based in New Delhi, India. Today, DLF is the largest publicly listed real estate company in India, with residential, commercial, and retail properties spanning 15 states and 24 cities.