You are currently viewing DLF Q1 FY26 Results: PAT Rises 18% YoY to ₹763 Crore as Revenue Doubles

DLF Q1 FY26 Results: PAT Rises 18% YoY to ₹763 Crore as Revenue Doubles

Prime Highlights

  • Consolidated PAT rises 18% year-on-year to ₹763 crore in Q1 FY26.
  • Revenue from operations almost doubles to ₹2,716 crore on the strength of robust sales bookings.

Key Facts

  • PAT after tax rose from ₹646 crore in Q1 FY25 to ₹763 crore.
  • Quarterly revenue rose 99% year-on-year to ₹2,716 crore from ₹1,362 crore.

Key Background

Property behemoth DLF Ltd. posted a strong first-quarter performance in FY26 on the back of strong top-line and bottom-line growth. Consolidated profit after tax at the company was 18% higher at ₹763 crore compared to the same period last year on the back of a whoppin’ 99% revenue from operations growth at ₹2,716 crore compared to ₹1,362 crore in the last quarter.

Expansion was driven by healthy demand for luxury homes with sales bookings going up by 78% year-on-year to ₹11,425 crore. This was led by DLF’s commercial launch of Privana, a residential complex, which is the testimony to increasing demand for luxury houses with today’s day facilities.

Although the top-line expansion was good, the margins were compressed for the firm. The gross margin fell to 28% from 51% in the previous year period with the rise in costs, mainly in the form of more expensive land acquisition and higher construction cost. Overall spending increased 94% year-over-year due to the aggressive expansion plan of DLF and the expenses incurred to capture demand at the high-end segment.

Market reaction to numbers was muted. Although the earnings report explained sales momentum and sound finances, the margin fall left the gloss off investor sentiment. DLF shares hardly lost ground due to worries relating to cost pressures and near-term profitability that kept trades muted.

The performance of the company is showing consistent demand for India’s realty sector, particularly in the luxury segment. Healthy consumer appetite, faster project approvals, and launches of high-end housing projects have been cited as supporting the growth by analysts. The trend appears among peers as well, showing a shift in the sector as a whole despite margin worries.