Realty major DLF Ltd reported a marginal 4% year-on-year increase in its consolidated net profit to ₹793.90 crore for the first quarter of FY2026-27, even as revenue and residential sales bookings witnessed a significant decline.
According to the company’s regulatory filing, net profit increased from ₹762.67 crore in the corresponding quarter of the previous financial year. However, total income dropped 46% to ₹1,605.56 crore, compared with ₹2,980.88 crore in the same period last year.
The rise in profit was supported by a higher contribution from associate and joint venture companies, with DLF’s share of profit increasing to ₹485.83 crore during the quarter from ₹380.55 crore a year earlier.
On the operational front, the developer reported a steep decline in sales bookings (pre-sales), which fell to ₹657 crore during the April–June quarter from ₹11,425 crore in the corresponding period last year. The company attributed the decline primarily to the deferment of planned residential project launches pending regulatory approvals.
DLF said it expects the required approvals for its upcoming projects to be received soon and remains confident of launching its planned developments. The company noted that sustained customer demand, its established brand presence, and a strong launch pipeline continue to support its medium-term growth outlook.
The company’s financial position remained strong, with its net cash balance improving to ₹15,200 crore at the end of the June quarter.
In its commercial real estate business, DLF highlighted the stable performance of its rental portfolio, which spans around 50 million sq. ft. and maintained an occupancy level of 95%. The company said it continues to invest in expanding its annuity business through the development of premium commercial and retail destinations.
During the current financial year, DLF plans to add three new retail projects with a combined gross leasable area of about 1.5 million sq. ft., which are expected to contribute to future rental income growth.
The company stated that its extensive land bank, strong balance sheet, healthy cash flows, and development pipeline across residential and commercial segments position it well to benefit from the ongoing growth cycle in India’s real estate sector.
DLF has developed more than 185 real estate projects covering over 352 million sq. ft., while its future development pipeline stands at approximately 275 million sq. ft. across residential and commercial projects. The company remains focused on delivering long-term value through disciplined capital allocation and sustained growth in both its development and rental businesses.
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