DLF Q4FY26 Profit Slips Slightly; Revenue Drops 42%, ₹8 Dividend Declared

By Kotak News Desk
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14 May 2026 at 9:28 AM IST
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Market News
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Summary

DLF reported stable Q4FY26 profit at ₹1,269 crore despite a 42% revenue decline. The company turned near debt-free, improved cash flow, secured rating upgrades, and announced an ₹8-per-share dividend.

DLF reported a consolidated net profit of ₹1,269 crore for the quarter ended March 2026, slightly lower than ₹1,282 crore recorded in the same period last year, marking a decline of around 1%. The profit after tax attributable to the company’s shareholders remained largely stable year-on-year. Meanwhile, revenue from operations during Q4FY26 dropped sharply by 42% to ₹1,814 crore, compared with ₹3,127 crore in the corresponding quarter of the previous fiscal.

DLF shares settled 0.36% lower at ₹572.05 on the National Stock Exchange on 13 May.

Key Financial Highlights


Total Income	₹2,093.82 crore	₹3,347.77 crore	-37.50%
Other Income	₹279.76 crore	₹220.19 crore	27.10%
Profit Before Tax (PBT)	₹649.07 crore	₹1,052.67 crore	-38.30%
Share of Profit from Associates & JVs	₹527.38 crore	₹410.78 crore	28.40%
Finance Costs	₹21.09 crore	₹108.60 crore	-80.60%
Employee Benefit Expenses	₹181.64 crore	₹128.96 crore	40.90%
Total Expenses	₹1,472.63 crore	₹2,295.10 crore	-35.80%
Earnings Per Share (EPS)	₹5.12	₹5.18	-1.20%

Additional Key Highlights of Q4FY26


Joint Ventures & Associates	Share of profit from associates and JVs rose to ₹527.38 crore from ₹410.78 crore
Investment in JVs & Associates	Investments stood at ₹20,481 crore as of the end of FY26
Debt Reduction	Total borrowings declined sharply, making the company nearly debt-free
Operating Cash Flow	Operating cash flow rose to ₹6,347 crore in FY26
Restructuring & Amalgamations	Multiple group entities merged into core subsidiaries and the parent company
Credit Rating Upgrade	CRISIL upgraded the long-term rating to AA+/Stable; ICRA also upgraded the outlook to Stable
Exceptional Income Recovery	Settlement in the Twenty-Five Downtown Realty/JHL dispute led to recovery-related income
Inventory Base	Inventory remained above ₹24,700 crore

Also Read - Tata Motors Q4 FY26 Results: CV Business Revenue Rises 22%, PAT Jumps 70%

Dividend Declaration

DLF’s board recommended a dividend of ₹8 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting.

Sources

Economic Times

Q4 Financial Results

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.

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