)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
DLF
DLF (DLF) investor relations material
DLF Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary23 Jan, 2026
Executive summary
Achieved record gross collections of INR 5,100 crores in Q3 FY26, with net collections for nine months at INR 10,216 crores, up 21% year-over-year, and net surplus cash generation of INR 6,432 crores, surpassing last fiscal's total.
Achieved zero gross debt in the development business ahead of schedule, with gross cash at INR 11,600 crores and net cash at INR 10,400 crores; ICRA upgraded credit rating to AA+ with stable outlook.
Q3 PAT before exceptional items grew 29% year-over-year to INR 1,252 crores; reported PAT was INR 1,207 crores, up 14%.
The Board approved a merger of multiple subsidiaries with the parent company, with no material impact on financials.
Financial highlights
Consolidated revenue for Q3 FY26 was INR 2,479 crores, up 43% year-over-year; revenue from operations was INR 2,020 crores, up 32% year-over-year.
EBITDA for the quarter was INR 848 crores, a 39% increase year-over-year; profit before exceptional items, tax, and share of profit in associates and JVs at INR 782.75 crores.
DCCDL Q3 rental income grew 18% year-over-year to INR 1,412 crores; EBITDA up 18% to INR 1,464 crores; PAT up 40% to INR 717 crores.
Construction spend for the nine months was INR 2,400 crores, up 40% from INR 1,500 crores last year.
Earnings per share (basic and diluted) for the quarter stood at INR 4.86, up from INR 4.77 in the previous quarter.
Outlook and guidance
Collections expected to grow 10%-15% year-over-year, with similar growth anticipated next year.
Construction spend projected at INR 900-1,000 crores per quarter going forward.
Rental business earnings forecasted at INR 6,400 crores for FY26, rising to INR 7,400-7,500 crores in FY27; projected annuity business rental income to reach INR 10,000 crores in the medium term.
Medium-term launch pipeline of INR 600 billion, with total inventory and pipeline expected to be monetized over 3-4 years; strong visibility of new launches with a robust pipeline of ~25 msf and sales potential of INR 60,215 crores.
Management remains confident about ongoing litigations and expects no material financial impact pending final decisions.
CCI penalty: What is the recovery outlook?
IT SEZ land cancellation: What is the project risk?
JHL settlement: What is the remaining recovery?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next DLF earnings date
Q4 25/2619 May, 2026
DLF
Next DLF earnings date
Q4 25/2619 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
DLF Limited is a commercial real estate developer. The company is engaged in developing and leasing residential, retail and commercial properties. DLF provides services such as land identification, site development, construction, interior design and other related services. The company was founded in 1946 and is based in Gurugram, India.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage