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 cash generation across projects.

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

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

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

• Board recommended a dividend of INR 8 per share, up 33% year-over-year, 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 for FY26: 39%.

• EBITDA for FY26 exceeded INR 3,000 crore; reported net profit: INR 4,408 crore; adjusted net profit: INR 4,256 crore, up 16%.

• DCCDL FY26 EBITDA grew 16% to INR 5,718 crore; PAT before exceptional items up 38% to INR 2,726 crore.

• 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

• Launch pipeline for FY27 is around INR 20,000 crore, with major projects in Gurugram, Mumbai, Goa, and residential plots.

• Sales guidance maintained at INR 20,000 crore, with expected margin creation of about INR 9,000 crore annually.

• Four- to five-year guidance for rental business: mid-teens NOI growth and 20%-25% PAT CAGR.

• Annuity business aiming to reach INR 10,000 crore rental income in the medium term.

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