DLF Ltd reported a consolidated net profit of ₹1,171 crore for Q2FY26, supported by steady operational performance and strong cash generation. The real estate major recorded new sales bookings of ₹4,332 crore, led by its maiden Mumbai launch The Westpark and continued traction in the super-luxury segment. Consolidated revenue stood at ₹2,262 crore, while EBITDA came in at ₹902 crore.

With a net cash position of ₹7,717 crore, despite high dividend payouts and debt repayments, the company maintained its focus on balance sheet strength. Cumulative new sales bookings for H1FY26 stood at Rs 15,757 crore, in-line with our annual guidance.

The company said it continues to focus on further strengthening of its balance sheet and cash flow generation. The net cash position stood at Rs 7,717 crore at the end of the quarter, despite a higher dividend payout of Rs 1,485 crore and debt repayment of Rs 963 crore during the quarter.

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

The housing sector continues to benefit from a resilient economy, increasing desire towards home ownership and growing demand for branded, credible developers. “We continue to leverage our high-quality land bank by calibrating our new product offerings to leverage this sustained momentum in line with our guided trajectory,” it said in a statement.

“Our annuity business continues to deliver healthy and consistent growth. Q2FY26 consolidated revenue of DLF Cyber City Developers Limited (“DCCDL”) stood at Rs 1,822 crore; EBITDA stood at Rs 1,412 crore, reflecting a y-o-y growth of 12%; consolidated profit for the quarter stood at Rs 643 crore, a y-o-y growth of 23%,” it said.

DCCDL received a 5-Star GRESB rating and was named Global Sector Leader (Unlisted) for its ESG initiatives.

Two new assets were added to the annuity portfolio:

• ~2.1 msf (first phase) at Atrium Place in Gurugram
• ~0.2 msf at DLF Midtown Plaza in Delhi

“Our operational annuity portfolio now stands at ~49 msf, among the largest organically grown portfolios in India. On the backdrop of strong tailwinds coupled with a sizeable and identified product pipeline, we continue to implement a robust capex program to further grow our annuity portfolio over the medium term. 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,” it said.