DLF Sees Decline in FY26 Sales Bookings

DLF Ltd Reports 5% Drop in Sales Bookings for Fiscal Year 2026

Bengaluru: DLF Ltd, a leading real estate firm, has reported a 5% year-on-year drop in sales bookings for fiscal year 2026 to ₹20,143 crore against ₹21,223 crore in FY25. Despite this decline, the Gurugram-based developer met its sales guidance of ₹20,000-22,000 crore for the year.

The company's financial performance was driven by key projects and launches, including Privana North, Gurugram, a luxury project that clocked bookings of over ₹11,000 crore. Additionally, DLF launched its maiden project in Mumbai – DLF Westpark – with ₹2,300 crore sales. The Dahlias, its ultra-luxury project in Gurugram, clocked bookings of around ₹4,800 crore.

Key Financial Highlights

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DLF's net profit rose around 1% to ₹4,408.34 crore during the period, while revenue from operations increased 2.5% year-on-year to ₹8,194.02 crore. The company ended the year with a strengthened balance sheet, including a zero gross debt position in the development business and a net cash surplus of ₹14,155 crore.

In the January-March quarter, DLF's net profit dropped 2.3% year-on-year to ₹1,265 crore. Revenue from operations dropped 42% to ₹1,814 crore during the period. Total income also fell to ₹2,093.82 crore in the fourth quarter of 2025-26 from ₹3,347.77 crore in the corresponding period of the preceding year.

The company competes with Godrej Properties Ltd, Prestige Estates Projects Ltd, and Lodha Developers Ltd in the residential sector, which has seen sales momentum surge since the pandemic. The country's four leading real estate developers had aimed to collectively cross ₹1 trillion in residential sales bookings in FY26. They have reported cumulative sales of ₹1.05 trillion, a milestone that marks the strongest year yet for branded players.

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According to Prashant Thakur, executive director and head - research & advisory, Anarock Property Consultants, residential sales last year were driven by luxury and premium home sales across major cities. However, he is sceptical about the sales momentum continuing at the same level in the overall sector due to the rise in construction costs, labour availability, and the amount of housing inventory in the market.