New Sales of ₹4,332 Crore Driven by Successful Mumbai Launch ‘The Westpark’; CRISIL Upgrades Rating to AA+/Stable
Real estate major DLF Limited has reported a consolidated net profit of ₹1,171 crore for the quarter ended September 30, 2025 (Q2FY26), reflecting sustained operational strength and robust sales momentum across both residential and commercial segment.
The company recorded new sales bookings of ₹4,332 crore, led by the strong response to its maiden Mumbai project, The Westpark, and continued traction in the super-luxury housing segment.
💰 Key Financial Highlights – Q2FY26
- Consolidated Revenue: ₹2,262 crore
- EBITDA: ₹902 crore
- Net Profit: ₹1,171 crore
- Net Operating Cash Surplus: ₹1,137 crore
- Net Cash Position (end of quarter): ₹7,717 crore
DLF’s net cash position remains strong at ₹7,717 crore, even after a dividend payout of ₹1,485 crore and debt repayment of ₹963 crore during the quarter. The company’s CRISIL rating upgrade to AA+/Stable further validates its robust financial foundation and consistent business performance.
🏗️ Residential Business: Demand Momentum Continues
New sales bookings for H1FY26 stood at ₹15,757 crore, aligning with DLF’s full-year guidance. The quarter’s stellar performance was driven by:
- The launch of The Westpark in Mumbai, marking DLF’s successful entry into India’s most premium real estate market.
- Sustained sales in its high-end and super-luxury projects across Gurugram and Delhi.
The company noted that the housing sector continues to benefit from a resilient economy, a growing aspiration for homeownership, and rising trust in branded developers. DLF plans to leverage its vast land bank to introduce calibrated launches in sync with market demand.
🏢 Annuity Business: DCCDL Delivers 23% Profit Growth
The company’s rental arm, DLF Cyber City Developers Ltd (DCCDL), maintained strong performance with Q2FY26 revenue of ₹1,822 crore and EBITDA of ₹1,412 crore, reflecting a 12% YoY growth.
- Quarterly profit: ₹643 crore, up 23% year-on-year.
- Two new assets added to the annuity portfolio:
- ~2.1 million sq. ft. at Atrium Place, Gurugram (Phase 1)
- ~0.2 million sq. ft. at DLF Midtown Plaza, Delhi
The operational annuity portfolio now stands at ~49 million sq. ft., one of the largest organically developed commercial portfolios in India. DLF continues to execute a robust capex program to expand this base over the medium term.
🌿 Sustainability & Global Recognition
DCCDL’s ESG leadership has earned global recognition:
- 5-Star GRESB Rating
- Named Global Sector Leader (Unlisted) for sustainability performance
These achievements highlight DLF’s long-term commitment to green building practices, energy efficiency, and responsible urban growth.
🏦 Management Outlook: Strength, Stability & Growth
DLF emphasized that it remains focused on strengthening its balance sheet, enhancing cash flows, and leveraging sector tailwinds to sustain growth.
The company reaffirmed its strategy of profitable expansion, supported by:
- Strong financial discipline
- A high-quality portfolio of assets
- And a robust project pipeline catering to India’s growing premium housing demand
“We continue to deliver consistent and profitable growth, backed by a strong balance sheet, high-quality assets, and a resilient business model. Our focus remains on long-term value creation for all stakeholders,” DLF stated.
📊 Quick Takeaways
- Net Profit: ₹1,171 crore in Q2FY26
- New Sales Bookings: ₹4,332 crore (H1FY26: ₹15,757 crore)
- Net Cash Position: ₹7,717 crore
- CRISIL Rating: Upgraded to AA+/Stable
- Annuity Portfolio: 49 million sq. ft. with 23% profit growth
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