Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of DLF Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,456 | 1,423 | 1,348 | 1,521 | 2,135 | 1,362 | 1,975 | 1,529 | 3,128 | 2,717 | 1,643 | 2,020 | 1,814 |
| Expenses + | 1,058 | 1,027 | 885 | 1,010 | 1,381 | 1,134 | 1,473 | 1,129 | 2,150 | 2,353 | 1,359 | 1,630 | 1,403 |
| Operating Profit | 398 | 396 | 462 | 511 | 754 | 229 | 502 | 400 | 978 | 364 | 284 | 390 | 411 |
| OPM % | 27% | 28% | 34% | 34% | 35% | 17% | 25% | 26% | 31% | 13% | 17% | 19% | 23% |
| Other Income + | 120 | 98 | 129 | 122 | 182 | 367 | 206 | -94 | 220 | 264 | 854 | 399 | 308 |
| Interest | 85 | 85 | 90 | 84 | 98 | 101 | 94 | 94 | 109 | 79 | 63 | 36 | 21 |
| Depreciation | 36 | 36 | 37 | 38 | 37 | 37 | 38 | 39 | 37 | 34 | 30 | 30 | 48 |
| Profit before tax | 397 | 373 | 464 | 512 | 802 | 458 | 577 | 174 | 1,053 | 515 | 1,045 | 723 | 649 |
| Tax % | 28% | 27% | 24% | 26% | 21% | 26% | -81% | -154% | 17% | 26% | 26% | -1% | -14% |
| Net Profit + | 570 | 526 | 622 | 656 | 920 | 645 | 1,381 | 1,059 | 1,282 | 763 | 1,180 | 1,203 | 1,269 |
| EPS in Rs | 2.30 | 2.13 | 2.52 | 2.65 | 3.72 | 2.61 | 5.58 | 4.28 | 5.18 | 3.08 | 4.77 | 4.86 | 5.12 |
Financials of DLF Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 7,649 | 9,926 | 8,221 | 6,707 | 8,366 | 6,083 | 5,414 | 5,717 | 5,695 | 6,427 | 7,994 | 8,194 |
| Expenses + | 4,635 | 5,960 | 4,775 | 4,329 | 6,218 | 4,937 | 3,945 | 3,974 | 3,969 | 4,303 | 5,885 | 6,746 |
| Operating Profit | 3,014 | 3,966 | 3,446 | 2,378 | 2,148 | 1,146 | 1,469 | 1,743 | 1,726 | 2,124 | 2,109 | 1,448 |
| OPM % | 39% | 40% | 42% | 35% | 26% | 19% | 27% | 30% | 30% | 33% | 26% | 18% |
| Other Income + | 503 | 506 | 1,135 | 9,722 | 784 | 1,135 | 383 | 195 | 317 | 531 | 700 | 1,825 |
| Interest | 2,304 | 2,680 | 2,980 | 2,951 | 2,062 | 1,427 | 853 | 625 | 392 | 356 | 397 | 199 |
| Depreciation | 545 | 766 | 572 | 534 | 225 | 200 | 159 | 149 | 149 | 148 | 151 | 142 |
| Profit before tax | 668 | 1,026 | 1,030 | 8,615 | 646 | 653 | 840 | 1,165 | 1,502 | 2,151 | 2,261 | 2,932 |
| Tax % | 24% | 55% | 22% | 50% | 43% | 326% | 43% | 28% | 27% | 24% | -19% | 11% |
| Net Profit + | 507 | 305 | 708 | 4,477 | 1,314 | -590 | 1,083 | 1,500 | 2,034 | 2,724 | 4,367 | 4,415 |
| EPS in Rs | 3.03 | 1.72 | 4.01 | 25.02 | 5.98 | -2.36 | 4.42 | 6.06 | 8.22 | 11.02 | 17.64 | 17.83 |
| Dividend Payout % | 66% | 117% | 50% | 8% | 33% | -85% | 45% | 49% | 49% | 45% | 34% | 45% |
Financials of DLF Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 356 | 357 | 357 | 357 | 441 | 495 | 495 | 495 | 495 | 495 | 495 | 495 |
| Reserves | 27,013 | 23,712 | 24,216 | 34,954 | 33,135 | 33,952 | 34,849 | 35,867 | 37,192 | 38,936 | 42,055 | 44,978 |
| Borrowings + | 24,495 | 25,264 | 29,202 | 17,491 | 17,222 | 8,103 | 6,886 | 4,182 | 3,334 | 4,834 | 4,103 | 306 |
| Other Liabilities + | 14,398 | 12,396 | 10,179 | 7,783 | 15,684 | 13,341 | 11,258 | 10,623 | 11,551 | 14,804 | 21,819 | 29,096 |
| Total Liabilities | 66,262 | 61,729 | 63,954 | 60,585 | 66,483 | 55,890 | 53,488 | 51,167 | 52,572 | 59,069 | 68,472 | 74,875 |
| Fixed Assets + | 19,619 | 3,943 | 24,640 | 8,082 | 6,322 | 5,187 | 4,856 | 4,862 | 4,785 | 3,880 | 3,502 | 4,117 |
| CWIP | 5,901 | 1,779 | 153 | 137 | 103 | 89 | 95 | 81 | 61 | 71 | 86 | 159 |
| Investments | 623 | 21,310 | 1,209 | 20,832 | 21,005 | 18,566 | 19,746 | 19,779 | 19,481 | 20,138 | 21,336 | 21,692 |
| Other Assets + | 40,119 | 34,697 | 37,952 | 31,533 | 39,053 | 32,049 | 28,791 | 26,444 | 28,245 | 34,981 | 43,549 | 48,907 |
| Total Assets | 66,262 | 61,729 | 63,954 | 60,585 | 66,483 | 55,890 | 53,488 | 51,167 | 52,572 | 59,069 | 68,472 | 74,875 |
Financials of DLF Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2,037 | 2,957 | -898 | 270 | 2,043 | 356 | 1,460 | 2,832 | 2,375 | 2,539 | 5,235 | 6,347 |
| Cash from Investing Activity + | 98 | -818 | 872 | -2,102 | 3 | 6,508 | 150 | 267 | -461 | -1,529 | -3,475 | 721 |
| Cash from Financing Activity + | -1,547 | -1,929 | 787 | -232 | 875 | -9,522 | -2,184 | -3,828 | -2,013 | 177 | -2,403 | -5,547 |
| Net Cash Flow | 588 | 210 | 761 | -2,064 | 2,921 | -2,658 | -573 | -729 | -98 | 1,186 | -642 | 1,522 |
| Free Cash Flow | 1,198 | 2,371 | -1,101 | -455 | 1,474 | 217 | 1,529 | 2,684 | 2,321 | 3,166 | 5,140 | 6,231 |
| CFO/OP | 89% | 91% | -17% | 29% | 106% | 35% | 72% | 150% | 143% | 132% | 254% | 484% |
Financials of DLF Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 126 | 63 | 70 | 36 | 43 | 39 | 36 | 35 | 31 | 37 | 38 |
| Inventory Days | 1,861 | |||||||||||
| Days Payable | 129 | |||||||||||
| Cash Conversion Cycle | 76 | 126 | 63 | 70 | 36 | 43 | 39 | 36 | 35 | 31 | 37 | 1,769 |
| Working Capital Days | 686 | 290 | 533 | 495 | 133 | 612 | 788 | 799 | 742 | 745 | 615 | 271 |
| ROCE % | 6% | 8% | 7% | 5% | 5% | 4% | 4% | 5% | 5% | 6% | 7% | 6% |