DLF Q3 profit rises as cash surge wipes out debt despite low sales

DLF reported net profit of Rs 1,207 crore, during Q3 FY26 against Rs 1,055 crore in the same period a year ago, as it recorded quarterly sales booking of just Rs 419 crore due to lack of launch.

“We delivered strong surplus cash generation of Rs 3,876 crore during the quarter which led to the successful achievement of our stated goal of achieving a zero gross debt level. Net cash position stood at Rs 11,660crore,” the company said in a statement.

Despite low sales booking, the company is confident of achieving annual guidance.


ICRA upgraded DLF’s credit rating to AA+/Stable.

“Our annuity business continues to deliver healthy and consistent growth. Q3FY26 consolidated revenue of DLF Cyber City Developers Limited(DCCDL) stood at Rs 1,878 crore while EBITDA stood at Rs 1,464 crore, reflecting a y-o-y growth of 18%,” DLF said.

Consolidated profit for the quarter stood at Rs 707 crore.

DLF added another retail asset, DLF Summit Plaza in DLF5, Gurugram to the annuity portfolio, strengthening retail presence to a cumulative area of 5 msf.

“We remain steadfast towards further building up our annuity portfolio. Our operational portfolio of 49 msf coupled with our under-construction portfolio and a strong identified future pipeline should help us deliver a strong and consistent growth in our annuity business,” the company said.