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DLF (DLF) investor relations material
DLF Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered resilient Q1 FY27 performance with strong operating cash flow, robust net cash position, and disciplined execution, supported by high occupancy in rental assets and industry-leading asset quality.
Achieved strong sales bookings of INR 15,200 crore in Q1FY27, reflecting robust demand and operational efficiency.
DCCDL reported EBITDA growth of 9% and PAT growth of 21% year-over-year in Q1FY27.
Segment reporting initiated for development and rental businesses, highlighting individual performance.
Rental income grew 9% year-over-year to INR 1,444 crore, with high occupancy rates in both office (95%) and retail (97%) portfolios.
Financial highlights
Q1 consolidated revenue from operations was INR 1,280 crore; EBITDA at INR 476 crore; net profit for the quarter was INR 794 crore, up from INR 766 crore year-over-year.
Operating cash flow for Q1FY27 was INR 1,317 crore, with a net surplus of INR 1,046 crore after capex and land payments.
DCCDL Q1FY27 rental income reached INR 1,444 crore, with EBITDA at INR 1,474 crore and PAT at INR 717 crore.
Group-level rental income at INR 1,600 crore for the quarter, with further ramp-up expected as new assets stabilize.
Earnings per share (consolidated, basic and diluted) for Q1 FY27 was ₹3.21, up from ₹3.08 in Q1 FY26.
Outlook and guidance
FY28 expected to be an inflection point as large projects like The Arbour begin contributing to P&L, unlocking significant gross margin potential of approximately INR 39,000 crore.
Confident in achieving INR 20,000 crore sales guidance for FY27, with Goa residential project contributing about 10% if launched.
Medium-term launch pipeline valued at over INR 60,000 crore, with 47% of projects launched in the first two years.
Targeting rental income of INR 10,000 crore in the medium term, supported by a growing annuity business and high-quality land bank.
Management remains confident of positive outcomes in ongoing litigations and expects no material impact on financials.
- Record collections, strong profit growth, high occupancy, and dividend proposed for FY26.DLF
Q4 25/26 - Record cash generation, zero gross debt, and strong rental growth drive robust Q3 results.DLF
Q3 25/26 - Q2 FY26 delivered strong sales, profit growth, and a major dividend amid robust cash flows.DLF
Q2 25/26 - Sales and rental income soared, margins held strong, and legal risks are being managed.DLF
Q1 25/26 - Q2FY25 revenue up 48%, net profit and EPS doubled, with strong cash flow and high margins.DLF
Q2 24/25 - Q1FY25 delivered record pre-sales, strong profit, robust cash flow, and high rental occupancy.DLF
Q1 24/25 - Record sales, strong cash flow, and high occupancy drive robust growth and outlook.DLF
Q4 24/25 - Record pre-sales and net profit, strong cash flows, and major tax settlements marked the quarter.DLF
Q3 24/25
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