DLF Q1FY27 net profit rises 4% to Rs 794 crore; net cash position improves to Rs 15,200 crore
New Delhi, August 3
Realty firm DLF reported a resilient financial performance for the first quarter of FY27, with consolidated net profit rising 4 per cent year-on-year to Rs 794 crore, supported by strong operating cash flows and a strengthened balance sheet.
The real estate major said its consolidated revenue stood at Rs 1,605 crore during Q1FY27, while EBITDA was at Rs 476 crore and gross margins stood at 51 per cent. The company generated operating cash flow of Rs 1,317 crore during the quarter.
DLF said its new sales bookings for the quarter stood at Rs 657 crore, reflecting the timing impact of deferred launches. The company expects planned launches to gain momentum after receiving requisite approvals and remains confident of achieving its medium-term growth goals.
Commenting on the company's growth outlook, DLF Chairman Rajiv Singh said in his address at the company's 61st Annual General Meeting, "Your company has been built on the principles of trust, corporate governance, quality and innovation and these guiding principles continue to drive us even today."
DLF further highlighted that its net cash position improved to Rs 15,200 crore at the end of the quarter, driven by continued surplus cash generation. The company's rental portfolio, spread across approximately 50 million square feet, continued to demonstrate operational strength with occupancy levels of 95 per cent.
The company said three new retail destinations -- DLF Midtown Plaza in New Delhi, DLF Summit Plaza in DLF 5 Gurugram, and DLF Promenade in Goa -- are expected to commence operations during the current fiscal and support growth in its retail business.
Rajiv Singh, while addressing shareholders, said, "Your company's demonstrated track record, allow us to take advantage of these opportunities in future." He added that DLF remains confident of achieving its business goals while maintaining a cautious approach towards macroeconomic developments.
For DLF Cyber City Developers Limited, consolidated revenue stood at Rs 1,917 crore, EBITDA at Rs 1,474 crore, registering a year-on-year growth of 9 per cent, while net profit stood at Rs 717 crore, up 21 per cent year-on-year.
With a significant land bank, a robust launch pipeline across development and rental businesses, and a strengthened balance sheet, DLF said it remains positioned to capitalise on the structural upcycle in the real estate sector while focusing on sustained, profitable growth and long-term stakeholder value creation.
— ANI
Reader Comments
Net cash position of Rs 15,200 crore is really impressive! In a sector where most developers are drowning in debt, DLF is sitting pretty. The upcoming retail launches in Delhi, Gurugram and Goa should add another revenue stream. As a Delhi resident, I'm excited about DLF Midtown Plaza opening soon!
While the numbers look good on paper, I can't help but wonder about housing affordability. DLF's luxury projects are out of reach for most Indians. The real estate sector needs more affordable housing focus. Just my candid opinion as a young professional in Gurgaon trying to buy my first home. 🤔
The chairman's emphasis on trust and corporate governance is timely. After all the realty scams we've seen in India, it's refreshing to see a developer with a strong balance sheet and transparent reporting. 95% occupancy across 50 million sq ft rental portfolio speaks volumes about their execution capability.
Interesting to see DLF's Cyber City arm growing at 21% net profit. Looking at this as an NRI investor, the rental yield story in India is compelling compared to global benchmarks. The structural upcycle they mention seems real - infrastructure spending and urbanization are driving demand.
Happy to see the company maintaining strong cash flows. But as a shareholder, I want to see more aggressive growth plans. With Rs 15,200 crore in net cash, they should be acquiring more land parcels or expanding into tier-2 cities. Sitting on cash while the market is booming seems like a missed opportunity.
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