DLF Reports Flat Net Profit of ₹1,265 Crore in Q4, Revenues Decline 42% Year-Over-Year

DLF Reports Financial Results for Q4 and FY26

DLF, one of India's leading real estate developers, announced its financial results for the March quarter and full financial year FY26 on May 13. For Q4 FY26, the company reported revenue from operations of ₹1,814 crore, marking a 10.2% sequential growth, although it declined 42% year-on-year compared to ₹3,128 crore in the corresponding quarter last year.

The net profit came in at ₹1,265 crore, up 5% sequentially but marginally lower by 2.3% year-on-year. On the operational front, EBITDA stood at ₹691 crore, down 19% QoQ and 42% YoY, while EBITDA margin came in at 28% versus 34% in Q3 FY26 and 36% in Q4 FY25.

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For the full financial year FY26, DLF reported revenue from operations of ₹8,552 crore, registering a 7% year-on-year growth compared to ₹7,994 crore in FY25, while net profit stood at ₹4,408 crore, compared to ₹4,357 crore in the previous financial year. New sales bookings for the fiscal year stood at ₹20,143 crore in FY26, in line with the company's guidance, but lower than the ₹21,223 crore recorded in FY25.

The company's annuity business continues to perform well, with its rental portfolio standing at around 50 million sq ft and operating at an industry-leading occupancy of 95%. DLF's significant land bank, robust launch pipeline across development and rental businesses, strengthened balance sheet, and consistent cash flow generation position the company to capitalize on the structural upcycle in the sector.

The company has developed more than 185 real estate projects and developed an area of more than 352 million sq ft. DLF Group has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution in the identified pipeline. Meanwhile, the company announced a dividend of ₹8 per equity share, with a face value of ₹2 each for FY26, subject to approval of the shareholders.

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DLF is primarily engaged in the business of development and sale of residential properties and the development and leasing of commercial and retail properties. The company's shares have been struggling to gain traction on the exchanges, as the stock has remained under pressure for nearly a year, falling to multi-month lows. The stock began its downward trend in June 2025, which continued until March 2026, resulting in a cumulative decline of 40%. However, the stock reversed its prolonged losing streak in April, ending the month with a gain of 16.5%, before resuming its weak trend in May, declining modestly by 2% so far.