DLF Q4 profit slips 1% to ₹1,269 crore; FY26 bookings fall 5%

Realty major DLF Ltd on Wednesday reported a 1% decline in consolidated net profit to ₹1,268.56 crore in the March quarter on lower income while its sales bookings fell 5% to ₹20,143 crore in the last fiscal year.

Its net profit stood at ₹1,282.20 crore in the year-ago period.

Total income also fell to ₹2,093.82 crore in the fourth quarter of 2025-26 from ₹3,347.77 crore in the corresponding period of the preceding year, according to a regulatory filing.

During FY26, the company's profit rose to ₹4,414.68 crore from ₹4,366.82 crore in the preceding year.

Total income increased to ₹9,816.04 crore in the last fiscal year from ₹8,995.89 crore in the 2024-25 financial year.

In a statement, DLF, the country's largest real estate company in terms of market capitalisation, said its sales bookings for the 2025-26 fiscal year stood at ₹20,143 crore, in line with its annual guidance, "reinforcing sustained homebuyer demand and the strength of our product-led strategy".

During the 2024-25 financial year, DLF Ltd achieved record sales bookings of ₹21,223 crore. The company had given the guidance of ₹20,000-22,000 crore.

"With an identified launch pipeline ahead, we remain well positioned to leverage this sustained demand momentum through a calibrated and value-accretive strategy and remain confident of delivering our stated medium-term goals," DLF said.

On its annuity business, the company said its rental portfolio stands around 50 million sq ft and continues to operate at industry leading occupancy of 95%.

"Measured capital deployment to drive long-term annuity growth remains a focused area for the business," it said.

The board has recommended a dividend of ₹8 per share for shareholders' approval. This represents a 33% year-on-year increase in dividend payout over the previous year.

"With a significant land bank, a robust launch pipeline across development and rental businesses, a strengthened balance sheet and consistent cash flow generation, DLF is well positioned to capitalise on the structural upcycle in the sector. We remain focused on delivering sustained, profitable growth and long-term value for all stakeholders," the statement said.

DLF has developed more than 185 real estate projects and developed an area more than 352 million sq ft.

DLF Group has 280 million sq ft of development potential across residential and commercial segment, including current projects under execution in the identified pipeline.

The group is primarily engaged in the business of development and sale of residential properties (the development business) and the development and leasing of commercial and retail properties (the annuity business).

(Except for the headline, Fortune India has not edited the content of this PTI report.)