Earnings Release
DLF Q1 FY27 Results: Net Profit Up 4% YoY to ₹794 Crore; Operating Cash Flow at ₹1,317 Crore
NSE
DLF
BSE
532868
DLF Limited reported Q1 FY27 consolidated revenue of ₹1,605 crore, with net profit at ₹794 crore, up 4% YoY. Operating cash flow stood at ₹1,317 crore, reinforcing balance sheet strength. Net cash position improved to ₹15,200 crore. Rental portfolio maintained industry-leading occupancy of 95%. New sales bookings stood at ₹657 crore, reflecting timing impact of deferred launches.
PRICE-SENSITIVE TRIGGER
Event: Q1 FY27 Financial Results Announcement
Type: Earnings Release
Impact: Positive
Immediate Effect: Resilient performance; strong cash flow generation; improved net cash position; rental portfolio strength; positive sentiment for the stock.
Metrics:
- Revenue: ₹1,605 crore
- Gross Margins: 51%
- EBITDA: ₹476 crore
- Net Profit: ₹794 crore (+4% YoY)
- Operating Cash Flow: ₹1,317 crore
- Net Cash Position: ₹15,200 crore (improved vs previous quarter)
Key Metrics (DLF Cyber City Developers Limited – Consolidated):
- Revenue: ₹1,917 crore
- EBITDA: ₹1,474 crore (+9% YoY)
- Net Profit: ₹717 crore (+21% YoY)
Key Metrics (Rental Portfolio):
- Portfolio Size: ~50 msf
- Occupancy: 95% (industry-leading)
- New Retail Destinations: 3 (DLF Midtown Plaza – commenced; DLF Summit Plaza; DLF Promenade – ~1.5 msf GLA)
Highlight:
- Operating cash flow of ₹1,317 crore; net cash position improved to ₹15,200 crore; rental portfolio occupancy at 95%; DCCDL net profit up 21% YoY.
What Happened ?
DLF Limited announced its Q1 FY27 financial results, reporting consolidated revenue of ₹1,605 crore and net profit of ₹794 crore, up 4% YoY. Operating cash flow stood at ₹1,317 crore, reinforcing balance sheet strength. New sales bookings stood at ₹657 crore, reflecting the timing impact of deferred launches. The rental portfolio maintained industry-leading occupancy of 95%.
key details
- Consolidated revenue at ₹1,605 crore; gross margins at 51%.
- Net profit up 4% YoY to ₹794 crore.
- Operating cash flow of ₹1,317 crore reinforcing balance sheet strength.
- Net cash position improved to ₹15,200 crore at end of Q1.
- DCCDL revenue at ₹1,917 crore; EBITDA up 9% YoY to ₹1,474 crore; net profit up 21% YoY to ₹717 crore.
- Rental portfolio: ~50 msf; occupancy at 95% (industry-leading).
- New sales bookings at ₹657 crore (timing impact of deferred launches).
- Three new retail destinations aggregating ~1.5 msf: DLF Midtown Plaza (commenced), DLF Summit Plaza, DLF Promenade.
- Significant land bank and robust launch pipeline across development and rental businesses.
Note:
- The company remains well positioned to bring upcoming products to the market and expects requisite approvals to be received soon for planned launches. With sustained customer demand, strong brand positioning, deep market presence, and a defined launch pipeline, the company remains confident of achieving its stated medium-term growth goals.
Risk Analysis
Summary:
- While the company delivered resilient performance with strong cash flows, risks include project approval delays, regulatory changes, and macroeconomic factors.
Key Risks:
- Delays in project approvals for planned launches.
- Regulatory changes in the real estate sector.
- Macroeconomic factors affecting housing demand.
- Interest rate movements impacting buyer affordability.
- Competition from other real estate developers.
- Execution risks in development and rental projects.
Worst Case:
- Sustained delays in project approvals or economic slowdown could impact sales bookings and growth trajectory.
Risk Level: Low to Medium
Official Exchange Filing: DLF Limited
