DLF Q4 FY26 Results: At Rs 1,269 crore, PAT meets analyst expectations; 400% dividend declared

Real estate major DLF on Wednesday reported a consolidated net profit of Rs 1,268.6 crore for the quarter ended March 31, meeting analysts' expectations. The net profit marked a decline of 1.1 per cent on a year-on-year basis.

Its March-quarter revenue came in at Rs 1,814.1 crore, marking a slide of 42 per cent on a year-on-year basis. The top line failed to meet estimates.

DLF Q4 FY26 Results: Headline numbers vs estimates

According to Zee Business research, the real estate firm was estimated to register a March-quarter net profit of Rs 1,096 crore.

Analysts had estimated its quarterly revenue at Rs 2,478 crore.

The company's costs related to land, plots, constructed properties and development rights decreased 51.2 per cent to Rs 806.7 crore.

Operational performance

DLF's March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at Rs 691 crore, a 42.3 per cent fall on a year-on-year basis.

The company's margin contracted to 28.2 per cent from 31.3 per cent a year ago.

Analysts had pegged its quarterly EBITDA at Rs 719.4 crore and margin at 29 per cent.

DLF dividend per share

The company declared a final dividend of Rs 8 per equity share for FY26 -- a 400 per cent payout given the face value of Rs 2 per equity share.

DLF said the payout marks a 33 per cent rise over the previous year.

Here's a summary of the company's dividends in the past five years:

FY26 results

For the year ended March 31, it reported a net profit of Rs 4,256 crore before exceptional items, up 16 per cent over the previous year.

Its revenue grew 13.1 per cent to Rs 10,174 crore, and EBITDA increased to Rs 3,070 crore in FY26 from Rs 3,111 crore in FY25.

DLF said its new sales bookings for FY26 stood at Rs 20,143 crore, in line with its guidance.

It also noted that three products anchored its full-year performance:

• DLF Privana North, Gurugram
• The Dahlias, Gurugram
• DLF Westpark, Mumbai

Business outlook

The company said it is well positioned to capitalise on the structural upcycle in the sector, with a significant land bank, a robust launch pipeline across development and rental businesses, a strengthened
balance sheet and consistent cash flow generation.

"We remain focused on delivering sustained, profitable growth and long-term value for all stakeholders," a company statement read.

DLF said it exited FY26 on a strong note, with a further strengthened balance sheet, including a zero gross debt position in the development business, and a net cash surplus.

DLF shares

Earlier on Wednesday, DLF shares rose 0.9 per cent to close at Rs 574.2 apiece on BSE.

At this level, the DLF stock has lost 16.5 per cent of its value so far this year, worse than losses of 10.5 per cent and 13.7 per cent in the Nifty 50 and Nifty Realty indices, respectively.