DLF Ltd
DLF Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
DLF expects to maintain a sales guidance of around INR 20,000 crores annually, with a healthy launch pipeline supporting this trajectory. DLF expects a strong FY26-27 following a robust FY25-26 performance.
From DLF Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- DLF expects to maintain a sales guidance of around INR 20,000 crores annually, with a healthy launch pipeline supporting this trajectory.
- The Dahlias project is anticipated to contribute INR 5,000 to INR 6,000 crores in sales next year.
- New launches planned include a major launch in DLF City (~INR 8,000 to 9,000 crores), Arbour Senior Living, next phase of Westpark (Mumbai), and potential launches in Goa.
- The company emphasizes focusing on margin and cash flow sustainability rather than chasing higher presales volumes aggressively.
- DLF aims for steady revenue growth aided by continued strong demand, calibrated project launches, and robust execution capabilities.
2 more points management made on revenue & sales performance
Profitability & Margins
See what DLF Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Significant capex is planned for building the annuity (rent) business portfolio, with a large amount of committed investment ongoing.
- Key projects under construction include Downtown Gurgaon Phase 2 (7.5 million sq. ft, including a 2 million sq. ft mall and 5.5 million sq. ft office space) and Atrium Place (3.2 million sq. ft with expected rental of ~INR 700 crores).
- New malls (three mentioned) are being developed, with openings scheduled in FY27/FY28.
- Launch pipeline includes major projects like Dahlias, Arbour Senior Living, Westpark phases, and others in Gurugram, Mumbai, and Goa, targeting INR 20,000 crores launch value in FY27.
2 more points management made on capital expenditure plans
Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what DLF Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- DLF has a medium-term launch pipeline of INR 60,000 crores as an update of a previously laid out INR 1,14,000 crores pipeline spanning 5 years.
- For FY27, they target around INR 20,000 crores in launch pipeline, including:
- A big launch in DLF City worth INR 8,000 to INR 9,000 crores.
- Launch of Arbour Senior Living project.
- Next phase launch of Westpark in Mumbai.
- The presales target is broadly maintained around INR 20,000 crores, with an expected new margin creation of approximately INR 9,000 crores annually.
- There is also a land bank of nearly 40 million sq ft (outside the launch pipeline) in northern and metro regions, fully marketable though some launches are planned prudently over 2-3 years to capture better pricing.
2 more points management made on order book & pipeline
DLF Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.8K Cr, net profit ₹1.3K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What DLF's management said in earlier quarters
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Frequently Asked Questions
What were DLF Ltd Q4 FY26 results?
DLF expects to maintain a sales guidance of around INR 20,000 crores annually, with a healthy launch pipeline supporting this trajectory. DLF expects a strong FY26-27 following a robust FY25-26 performance.
What is DLF Ltd share price analysis?
DLF Ltd currently shows a neutral. The stock trades at a P/E of 38.3 with a market cap of ₹164,608 Cr. Investors should review the full earnings analysis for detailed insights.
Is DLF Ltd planning capital expenditure?
Significant capex is planned for building the annuity (rent) business portfolio, with a large amount of committed investment ongoing. - Key projects under construction include Downtown Gurgaon Phase 2 (7.5 million sq.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.