DLF Limited delivered a robust performance in the third quarter of FY26, marked by record collections, strong cash generation, and a debt-free balance sheet. The country’s largest real estate developer reported healthy growth across residential and annuity businesses, driven by sustained demand, disciplined execution, and a strengthening financial position.

The quarter also saw a credit rating upgrade and continued expansion of DLF’s annuity portfolio, reinforcing its long-term growth outlook.

Financial Highlights for Q3FY26 – DLF Limited (Consolidated):

• Consolidated Revenue stood at Rs 2,479 crore
• EBITDA stood at Rs 849 crore
• Net Profit at Rs 1,207 crore
• Net operating cash surplus generation of Rs 3,876 crore leading to Net cash position of Rs 11,660 crore

Strong business performance led to record collections during the quarter. Cumulative net collections for the nine- month period stood at Rs 10,216 crore, reflecting 21% y-o-y growth.

The company said in a statement:

“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 11,660 crore.

New Sales booking stood at Rs 419 crore, led by healthy monetisation of our launched inventory (excluding The Dahlias). We remain confident of achieving our annual guidance and will continue to bring our new product offerings in line with our stated medium-term plan.

ICRA upgraded DLF’s credit rating to AA+/Stable, reflecting the strong financial health and consistent business performance.

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; EBITDA stood at Rs 1,464 crore, reflecting a y-o-y growth of 18%; consolidated profit for the quarter stood at Rs 707 crore.

We added another retail asset, DLF Summit Plaza in DLF5, Gurugram to our annuity portfolio, further strengthening our 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 & consistent growth in our annuity business.

We continue to deliver consistent and profitable growth, backed by a strong balance sheet, high-quality assets, and a resilient business model. The company remains committed to capitalizing on sector tailwinds and creating long-term value for all our stakeholders.”