DLF quarterly results and financials

DLF (DLF)₹755.00+1.21%(9 Nov 2026 close)Residential, Commercial Projects

Key facts

In the Sep 2026 quarter (consolidated), DLF reported sales of ₹1,259 Cr, down 23.3% from Sep 2025, and net profit of ₹1,299 Cr, up 10.4% year on year. For the year to Mar 2026, sales were ₹8,178 Cr and net profit ₹4,406 Cr.

Sales (Sep 2026): ₹1,259 Cr
Net profit (Sep 2026): ₹1,299 Cr
Sales (FY Mar 2026): ₹8,178 Cr
Net profit (FY Mar 2026): ₹4,406 Cr
EPS (Sep 2026): ₹5.28
Borrowings (Mar 2026): ₹305 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

DLF quarterly results

₹ crore unless stated; each column is a quarter.

DLF Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,518	2,133	1,360	1,972	1,526	3,122	2,715	1,642	2,016	1,810	1,278	1,259
Expenses	1,008	1,379	1,132	1,471	1,127	2,147	2,347	1,356	1,626	1,401	1,128	1,235
Operating Profit	512	756	230	503	401	980	365	285	391	412	150	23.07
OPM %	34.1%	35.1%	17.1%	25.0%	26.1%	31.1%	13.1%	17.1%	19.1%	23.1%	12.1%	1.8%
Other Income	122	181	366	205	−93.78	219	263	852	398	307	324	1,034
Interest	83.73	97.54	101	93.58	93.66	109	78.68	62.73	35.84	20.93	17.93	17.93
Depreciation	38.04	37.01	37.04	37.99	39.01	37.03	34.03	30.03	30.03	48.02	35.01	38.03
Profit before tax	510	799	456	575	173	1,050	514	1,042	721	647	422	1,000
Tax %	26.0%	21.0%	26.0%	−81.0%	−154.0%	17.0%	26.0%	26.0%	−1.0%	−14.0%	27.0%	20.0%
Exceptional items	0.00	0.00	0.00	0.00	250	0.00	0.00	172	−57.80	27.89	0.00	0.00
Net Profit	655	918	643	1,378	1,056	1,280	761	1,177	1,201	1,266	792	1,299
EPS (Rs)	2.66	3.73	2.62	5.61	4.30	5.20	3.09	4.79	4.88	5.14	3.23	5.28

DLF profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

DLF Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	9,907	8,211	6,700	8,355	6,079	5,408	5,711	5,692	6,420	7,979	8,178	6,363
Expenses	5,946	4,770	4,324	6,205	4,925	3,940	3,969	3,965	4,296	5,878	6,736	5,390
Operating Profit	3,979	3,455	2,383	2,153	1,150	1,473	1,747	1,731	2,128	2,114	1,453	977
OPM %	40.1%	42.0%	35.1%	26.1%	19.1%	27.1%	30.1%	30.1%	33.1%	26.1%	18.1%	15.4%
Other Income	504	1,131	9,696	782	1,133	382	195	316	529	698	1,819	2,064
Interest	2,668	2,968	2,938	2,054	1,421	850	623	390	354	395	198	92.63
Depreciation	767	572	534	225	200	159	149	149	148	151	142	151
Profit before tax	1,023	1,026	8,591	644	650	837	1,162	1,498	2,143	2,254	2,923	2,790
Tax %	55.0%	22.0%	50.0%	43.0%	326.0%	43.0%	28.0%	27.0%	24.0%	−19.0%	11.0%	—
Exceptional items	−25.90	214	4,137	70.78	−772	−68.71	−153	8.97	44.80	−289	232	−29.91
Net Profit	304	706	4,469	1,310	−589	1,080	1,496	2,029	2,717	4,360	4,406	4,558
EPS (Rs)	1.73	4.03	25.11	6.00	−2.37	4.44	6.08	8.25	11.06	17.71	17.91	18.53
Dividend payout %	117.1%	50.1%	8.0%	33.1%	−84.9%	45.1%	49.1%	49.1%	45.1%	34.1%	45.1%	—

DLF balance sheet

₹ crore, at each year end.

DLF Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	357	358	358	358	442	497	496	496	496	496	496	496
Reserves	26,973	23,633	24,153	34,879	33,022	33,846	34,731	35,755	37,097	38,789	41,917	44,869
Borrowings	24,483	25,215	29,188	17,483	17,183	8,085	6,876	4,172	3,328	4,825	4,093	305
Other Liabilities	14,467	12,425	10,228	7,820	15,759	13,405	11,312	10,674	11,606	14,873	21,887	27,733
Total Liabilities	66,280	61,631	63,926	60,541	66,407	55,831	53,415	51,097	52,528	58,983	68,393	73,405
Fixed Assets	19,665	3,950	24,675	8,090	6,331	5,193	4,861	4,868	4,797	3,884	3,507	4,120
CWIP	5,889	1,775	153	137	103	88.75	94.74	80.76	60.87	70.78	85.80	162
Investments	623	21,269	1,206	20,802	20,985	18,541	19,719	19,740	19,439	20,093	21,304	21,660
Other Assets	40,104	34,636	37,892	31,510	38,988	32,010	28,741	26,407	28,231	34,936	43,498	47,463
Inventories	17,670	16,887	20,150	19,808	22,060	22,553	21,154	20,163	19,429	21,223	24,681	24,790
Trade receivables	1,584	3,409	1,416	1,284	830	719	580	563	549	537	800	846
Cash & equivalents	2,750	3,384	4,100	2,277	4,856	2,422	1,406	933	2,277	4,385	4,338	7,753
Total Assets	66,280	61,631	63,926	60,541	66,407	55,831	53,415	51,097	52,528	58,983	68,393	73,405

DLF cash flow

₹ crore, for each year.

DLF Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	2,036	2,957	−898	270	2,040	356	1,459	2,831	2,374	2,539	5,229	6,338
Cash from investing activity	97.93	−818	872	−2,102	2.99	6,504	150	267	−461	−1,530	−3,472	721
Cash from financing activity	−1,550	−1,932	788	−232	876	−9,537	−2,185	−3,835	−2,014	177	−2,406	−5,557
Net cash flow	587	210	760	−2,062	2,917	−2,658	−573	−729	−97.99	1,185	−642	1,522
Capex	868	644	215	3,405	603	206	13.99	148	63.92	116	95.91	129
Free cash flow	1,198	2,371	−1,102	−455	1,474	217	1,529	2,683	2,322	3,169	5,144	6,236
CFO / OP %	88.9%	90.9%	−17.1%	29.0%	106.0%	35.0%	71.9%	149.9%	143.0%	131.9%	253.9%	483.9%

DLF ratios

Working-capital days and returns, by year.

DLF Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	76	126	63	70	36	43	39	36	35	31	37	38
Cash conversion cycle	75	125	62	69	35	42	38	35	34	30	36	37
Working capital days	687	291	534	496	134	613	789	800	743	746	616	246
ROCE %	6.0%	8.0%	7.0%	5.0%	5.0%	4.0%	4.0%	5.0%	5.0%	6.0%	7.0%	6.0%

DLF: frequently asked questions

What are the latest quarterly results of DLF?

For the Sep 2026 quarter, DLF reported sales of ₹1,259 Cr, down 23.3% year on year and net profit of ₹1,299 Cr, up 10.4% year on year. The operating margin was 1.8%.

What is the annual revenue of DLF?

DLF's sales for the year to Mar 2026 were ₹8,178 Cr; over the last twelve months they were ₹6,363 Cr.

What is the net profit of DLF?

Net profit for the year to Mar 2026 was ₹4,406 Cr, and ₹4,558 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.53.

How much debt does DLF have?

DLF reported borrowings of ₹305 Cr at Mar 2026, against cash and equivalents of ₹7,753 Cr.

What is the free cash flow of DLF?

Cash from operations was ₹6,338 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹6,236 Cr.

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