DLF (DLF) investor relations material

Executive summary

• Achieved record collections of over INR 13,500 crore in FY26, up 15% year-over-year, with high efficiency and robust earnings driven by sustained demand in development and annuity businesses.

• Net cash position at FY26 end was INR 14,155 crore, reflecting strong balance sheet health.

• Sales bookings for FY26 were INR 20,143 crore, in line with guidance and led by successful launches.

• PAT for FY26 stood at INR 4,408 crore, up 33% year-over-year.

• Dividend of INR 8 per share (400%) recommended for FY26, subject to shareholder approval.

Financial highlights

• FY26 consolidated revenue was INR 10,174 crore, up 7% year-over-year; Q4 revenue: INR 2,452 crore; gross margin: 39% for FY26, 46% for Q4.

• EBITDA for the year: over INR 3,000 crore; DCCDL EBITDA: INR 5,718 crore, up 16%.

• Reported net profit: INR 4,408 crore; adjusted net profit: INR 4,256 crore, up 16% year-over-year.

• Consolidated net cash surplus generation for FY26 was INR 7,746 crore.

• 5-year CAGR: collections 31%, surplus cash 34%, PAT 31%, sales bookings 29%.

Outlook and guidance

• Sales guidance maintained at INR 20,000 crore for FY27, with margin creation of ~INR 9,000 crore annually.

• Launch pipeline for FY27 is INR 20,000 crore, with major launches in Gurugram, Mumbai, Goa, and continued sales in The Dahlias.

• Medium-term launch pipeline stands at INR 60,000 crore, phased to match market absorption and execution capacity.

• Rental income expected to reach INR 8,200 crore in FY27; annuity business targets INR 10,000 crore rental income in the medium term.

• Retail portfolio targeted to grow to 15% of total annuity portfolio.