New Delhi: India’s largest listed real estate developer, DLF Ltd, has reported a better than expected Net Profit at ₹1,207 crore for Q3 FY26, higher than the ₹ 1,012 crore estimated by the market.
The company hasn’t launched any new projects during the quarter, giving it a low base for revenue generation. That remained the basis for the lower estimates by analysts. Despite that, the company witnessed strong collections at ₹5,100 crore, for the nine months of FY25, while net collections stood at ₹10,216 crore, a 21% year on year growth.
DLF’s revenues during the quarter were at ₹2,479 crore, with its EBITDA at ₹849 crore. The company has also witnessed a strong surplus cash generation of ₹3,876 crore, helping the company achieve its Zero Gross Debt level goal.
New sales bookings have been at ₹419 crore, led by stronger demand for its newly launched inventory, except for The Dahlias.
Based on these developments, rating agency ICRA has upgraded DLF to AA+/Stable, based on its strong financial health and consistent business performance.
DLF’s shares were trading at ₹614.65 per share following the announcement. The Delhi-based real estate company’s shares have declined by almost 14% in the past year.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
