DLF Limited Q4 & FY26 Earnings Call Transcript Released
DLF Limited reported strong FY26 results with collections over ₹13,500 crore (up 15%) and cash surplus of over ₹7,700 crore (up 25%). Net profit was ₹4,256 crore (up 16%). The Board recommended an ₹8 per share dividend (up 33%). The company has a ₹20,000 crore sales guidance and targets ₹9,000-10,000 crore annual margin creation.
The announcement provides a comprehensive update on the company's financial performance, future business plans, and dividend policy, which are material for investors and stakeholders.
The company reported strong financial performance with significant growth in collections, cash surplus, and net profit. The recommended dividend increase also signals a positive outlook and commitment to shareholder returns.
DLF Limited has released the transcript of its earnings webcast held on May 14, 2026. The webcast featured key management personnel including Mr. Ashok Kumar Tyagi (Managing Director), Mr. Sriram Khattar (Vice Chairman and Managing Director, Rental Business), Mr. Aakash Ohri (Chief Business Officer and Managing Director, DLF Home Developers Limited), and Mr. Badal Bagri (Group Chief Financial Officer).
During the call, DLF reported a strong close to FY26, with record collections of over ₹13,500 crore, a 15% year-over-year growth, leading to healthy cash surplus generation of over ₹7,700 crore, a 25% growth. The net cash position at the end of FY26 stood at ₹14,155 crore. New sales bookings for the year were ₹20,143 crore. The rental portfolio comprises 50 million square feet with 95% occupancy. Consolidated revenue for the quarter was approximately ₹2,452 crore, with net profit at ₹1,256 crore. For the fiscal year, revenue was approximately ₹10,000 crore, and net profit was ₹4,256 crore, a 16% growth. The Board recommended a dividend of ₹8 per share, a 33% year-over-year increase.
Sriram Khattar highlighted the leasing progress of various properties, including Atrium Place, Midtown Plaza, and Summit Plaza. He reiterated a 4-5 year guidance of mid-teens growth in NOI and 20-25% CAGR growth. The office business maintains high occupancy, and the retail business is expected to see a 10-11% income growth from existing properties.
The company discussed its launch pipeline, with an estimated ₹20,000 crore for the upcoming year, including projects in Gurugram and Mumbai. DLF aims to maintain a trajectory of ₹20,000 crore in sales guidance and approximately ₹9,000-odd crore of new margin creation annually. The company also highlighted the strong performance of its super luxury offering, Dahlias, with sales touching ₹135 crore per sale.
Regarding future plans, DLF expects RERA balances to unlock from FY27-'28 onwards. The company's strategy includes increasing shareholder returns, investing in the annuity business's capex, and pursuing opportunistic, margin-accretive deals. Revenue recognition is expected to follow a virtuous cycle from FY27-'28 with project deliveries.
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DLF Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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