Real estate major DLF Ltd has reported a 4 per cent year-on-year (YoY) rise in consolidated net profit to Rs 794 crore for the first quarter of FY27, while company’s consolidated revenue dipped 46 percent YoY to Rs 1,605.56 crore during April-June quarter.

The company’s sales bookings in Q1FY27 dropped Rs 657 crore due to delays in planned project launches. The company’s consolidated revenue in Q1FY26 was Rs 2,980.88 crore while the net profit during the same period was Rs 762.67 crore.

DLF’s gross margins stood at 51 percent and the company reported earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 476 crore.

DLF attributed the subdued pre-sales performance to the deferment of certain planned residential launches, saying it expects the requisite regulatory approvals shortly and remains confident of bringing the projects to market in the coming quarters.

“New sales bookings for the quarter stood at Rs 657 crore, reflecting the timing impact of deferred launches. We remain well positioned to bring our upcoming products to the market and expect the requisite approvals to be received soon,” the company said in its quarterly earnings statement on August 3.

Despite lower sales bookings, DLF generated operating cash flow of Rs 1,317 crore during the quarter, helping strengthen its balance sheet. The company ended the quarter with a net cash surplus of Rs 15,200 crore.

DLF said sustained customer demand, a strong brand presence and a defined launch pipeline provide confidence in achieving its medium-term growth targets.

The company’s rental arm, DLF Cyber City Developers Ltd (DCCDL), continued to post strong operational performance.