DLF Posts Strong Q3 FY26 Results With Record Cash Flows

27 Jan 2026 CW Team

DLF Limited reported robust consolidated financial performance for Q3 FY26, supported by strong collections, healthy cash generation and sustained business momentum across core segments.

For Q3 FY26, consolidated revenue stood at Rs 24.79 billion, while EBITDA was Rs 8.49 billion. Net profit reached Rs 12.07 billion, reflecting a year-on-year increase of 29 per cent before exceptional items. Operating cash generation during the quarter was Rs 38.76 billion, leading to a net cash position of Rs 116.6 billion and achieving zero gross debt.

The company recorded gross collections of Rs 51 billion during the quarter, while cumulative net collections for the nine-month period reached Rs 102.16 billion, representing a year-on-year growth of 21 per cent. The strong collections underscore sustained demand and disciplined execution across projects.

New sales bookings during the quarter stood at Rs 4.19 billion, driven by healthy monetisation of launched inventory, excluding the Dahlias project. DLF reiterated its commitment to achieving annual guidance and expanding its product portfolio in line with medium-term plans.

The company’s financial strength was further recognised by ICRA, which upgraded DLF’s credit rating to AA+/Stable, reflecting its consistent business performance and strong balance sheet.

DLF’s annuity business continued to deliver stable growth. In Q3 FY26, consolidated revenue of DLF Cyber City Developers Limited (DCCDL) stood at Rs 18.78 billion, while EBITDA reached Rs 14.64 billion, reflecting year-on-year growth of 18 per cent. Consolidated retail revenue for the quarter was Rs 7.07 billion.

DLF also expanded its annuity portfolio with the addition of DLF Summit Plaza in Gurugram, strengthening its retail presence to a cumulative area of approximately five million square feet. The company remains focused on expanding its annuity portfolio and leveraging its operational and under-construction assets to drive sustainable long-term growth.

Supported by a strong balance sheet, high-quality assets and resilient business models, DLF continues to capitalise on favourable sector trends and create long-term value for stakeholders.

DLF Limited reported robust consolidated financial performance for Q3 FY26, supported by strong collections, healthy cash generation and sustained business momentum across core segments. For Q3 FY26, consolidated revenue stood at Rs 24.79 billion, while EBITDA was Rs 8.49 billion. Net profit reached Rs 12.07 billion, reflecting a year-on-year increase of 29 per cent before exceptional items. Operating cash generation during the quarter was Rs 38.76 billion, leading to a net cash position of Rs 116.6 billion and achieving zero gross debt. The company recorded gross collections of Rs 51 billion during the quarter, while cumulative net collections for the nine-month period reached Rs 102.16 billion, representing a year-on-year growth of 21 per cent. The strong collections underscore sustained demand and disciplined execution across projects. New sales bookings during the quarter stood at Rs 4.19 billion, driven by healthy monetisation of launched inventory, excluding the Dahlias project. DLF reiterated its commitment to achieving annual guidance and expanding its product portfolio in line with medium-term plans. The company’s financial strength was further recognised by ICRA, which upgraded DLF’s credit rating to AA+/Stable, reflecting its consistent business performance and strong balance sheet. DLF’s annuity business continued to deliver stable growth. In Q3 FY26, consolidated revenue of DLF Cyber City Developers Limited (DCCDL) stood at Rs 18.78 billion, while EBITDA reached Rs 14.64 billion, reflecting year-on-year growth of 18 per cent. Consolidated retail revenue for the quarter was Rs 7.07 billion. DLF also expanded its annuity portfolio with the addition of DLF Summit Plaza in Gurugram, strengthening its retail presence to a cumulative area of approximately five million square feet. The company remains focused on expanding its annuity portfolio and leveraging its operational and under-construction assets to drive sustainable long-term growth. Supported by a strong balance sheet, high-quality assets and resilient business models, DLF continues to capitalise on favourable sector trends and create long-term value for stakeholders.

Real Estate

27 Jan 2026

A Paradigm Shift

The Indian real-estate and construction sector, which employs a significant number of organised and unorganised workers in the country, has embarked on a paradigm shift in its regulatory framework from an employment law perspective. With the four Labour Codes – the Code on Wages, 2019 (Wage Code); the Industrial Relations Code, 2020 (IR Code); the Code on Social Security, 2020 (SS Code) and the Occupational Safety, Health and Working Conditions Code, 2020 (OSH Code) – coming into effect in India from November 21, 2025, the industry is shifting away from a fragmented, contractor- driven com..

Technology

27 Jan 2026

We offer end-to-end traceability at scale

mjunction has evolved from an e-auction pioneer into a multi-vertical digital commerce platform with deep expertise in complex steel and coal supply chains. Its end-to-end, AI-led architecture focuses on price discovery, traceability, compliance and scalability, enabling transparent procurement, efficient logistics and data-driven decision-making across geographies. Vinaya Varma, MD, shares more about the company in conversation with CW.From a technology standpoint, what are the core USPs of mjunction today that differentiate it in steel and coal supply chains?mjunction has evolved b..

Infrastructure Urban

27 Jan 2026

Henkel, Rotary Recycle PoP Ganesha Idols Under Project HARMONY

Henkel India, in partnership with the Rotary Club of Navi Mumbai – Joy of Giving and with support from the Navi Mumbai Municipal Corporation (NMMC), has advanced circular sustainability through Project HARMONY by recycling Plaster of Paris (PoP) Ganesha idols into community learning assets. The initiative highlights an integrated approach to environmental restoration and social impact.As part of the project, materials collected after Ganesh Visarjan 2025 at Nerul were responsibly diverted from land and water bodies and processed at an authorised recycling facility, with on-ground execution s..