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