Whalesbook
Quarterly Setback, Annual Strength
DLF Ltd navigated a challenging fourth quarter, reporting a flat net profit and a significant 42% year-on-year revenue drop. Net profit stood at ₹1,268.6 crore, a marginal 1.1% decline, while revenue fell to ₹1,814 crore from ₹3,128 crore a year prior. EBITDA saw a steeper 58% contraction, and margins tightened to 22.6% from 31.3%.
Record Bookings and Robust FY26 Performance
The annual performance, however, painted a more optimistic picture. For the full fiscal year 2026, DLF's consolidated revenue reached ₹10,174 crore, with net profit at ₹4,256 crore (before exceptional items), marking a 16% year-on-year growth. Crucially, the company secured record new sales bookings amounting to ₹20,143 crore. Key projects like DLF Privana North in Gurugram, DLF Westpark in Mumbai, and The Dahlias significantly contributed to this achievement. Net cash surplus generation also jumped 25% to ₹7,746 crore.
Dividend Payout and Market Reaction
In a move signaling confidence, DLF recommended a dividend of ₹8 per equity share for FY 2025-26, representing a 33% increase from the previous year and a 400% payout. The company's rental portfolio remains robust, operating at 95% occupancy across 50 million square feet. Shares of DLF Ltd closed up 1.53% at ₹577.75 on the BSE on May 13, reflecting investor optimism about the annual performance and future growth prospects.