DLF Limited — Quarter and year ended 31 March 2026
| SL NO. | PARTICULARS | QUARTER ENDED | YEAR ENDED |
|---|---|---|---|
| 31.03.2026 (Audited) (refer note 2) | 31.12.2025 (Unaudited) (refer note 9) | ||
| 1 | Income | ||
| a) Revenue from operations | 2,307.22 | 562.90 | |
| b) Other income (refer note 6) | 1,348.58 | 327.65 | |
| Total income | 3,655.80 | 890.55 | |
| 2 | Expenses | ||
| a) Cost of land, plots, development rights, constructed properties and others | 469.30 | 230.74 | |
| b) Employee benefits expense | 120.46 | 92.39 | |
| c) Finance costs | 8.35 | 25.31 | |
| d) Depreciation and amortisation expense | 3.15 | 11.85 | |
| e) Other expenses | 172.97 | 139.48 | |
| Total expenses | 802.23 | 499.77 | |
| 3 | Profit before exceptional items and tax (1-2) | 2,853.57 | 390.78 |
| 4 | Exceptional items (refer note 6 & 7) | 14.53 | (35.27) |
| 5 | Profit before tax (3+4) | 2,868.10 | 355.51 |
| 6 | Tax expenses for the period / year | ||
| a) Current tax | 66.79 | 18.20 | |
| b) Tax relating to earlier years | – | (0.63) | |
| c) Deferred tax | 400.67 | 42.59 | |
| Total tax expenses for the period / year | 467.46 | 60.16 | |
| 7 | Net profit for the period / year (5-6) | 2,400.64 | 295.35 |
| 8 | Other comprehensive income / (loss) | ||
| a) Items that will not be reclassified to profit and loss | (2.66) | 4.73 | |
| b) Income tax relating to items that will not be reclassified to profit and loss | 0.67 | (1.19) | |
| Total other comprehensive income / (loss) | (1.99) | 3.54 | |
| 9 | Total comprehensive income for the period / year (7+8) | 2,398.65 | 298.89 |
| 10 | Paid-up equity share capital (face value of ₹ 2 per share) | 495.06 | 495.06 |
| 11 | Other equity | ||
| 12 | Earnings per equity share (face value of ₹ 2 per share) (not annualised) | ||
| Basic (₹) | 9.70 | 1.19 | |
| Diluted (₹) | 9.70 | 1.19 |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) (refer note 9) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 130.03 | 133.26 |
| Capital work-in-progress | 1.22 | 0.40 |
| Investment property | 1,006.16 | 684.95 |
| Other intangible assets | 116.69 | 129.29 |
| Intangible assets under development | 1.11 | 8.55 |
| Right-of-use assets | 39.96 | 35.51 |
| Investment in subsidiaries, associates, joint ventures and partnership firms | 18,844.56 | 19,447.56 |
| Financial assets | ||
| Investments | 0.05 | 0.05 |
| Loans | 670.05 | 212.37 |
| Other financial assets [includes bank deposits of ₹ 4,138.18 crores (31 March 2025: ₹ 0.01 crores)] | 4,184.41 | 55.46 |
| Deferred tax assets (net) | 435.86 | 1,068.07 |
| Non-current tax assets (net) | 637.35 | 324.65 |
| Other non-current assets | 742.16 | 658.55 |
| Total non-current assets | 26,809.61 | 22,758.67 |
| Current assets | ||
| Inventories | 12,344.43 | 11,024.88 |
| Financial assets | ||
| Investments | 45.00 | 50.00 |
| Trade receivables | 1,353.34 | 213.90 |
| Cash and cash equivalents | 1,783.66 | 194.16 |
| Other bank balances | 3,904.30 | 2,322.43 |
| Loans | 143.78 | 933.43 |
| Other financial assets [includes bank deposits of ₹ 848.51 crores (31 March 2025: ₹ 3,898.35 crores)] | 1,661.39 | 4,729.42 |
| Other current assets | 1,726.76 | 1,154.43 |
| Total current assets | 22,962.66 | 20,622.65 |
| Assets classified as held for sale | – | 308.53 |
| Total assets | 49,772.27 | 43,689.85 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 495.06 | 495.06 |
| Other equity | 31,092.72 | 28,833.74 |
| Total equity | 31,587.78 | 29,328.80 |
| Non-current liabilities | ||
| Financial liabilities | ||
| Borrowings | – | 1,073.47 |
| Lease liability | 38.25 | 32.36 |
| Trade payables: | ||
| (a) total outstanding dues of micro and small enterprises | – | – |
| (b) total outstanding dues of creditors other than micro and small enterprises | 794.19 | 794.19 |
| Other non-current financial liabilities | 154.24 | 140.39 |
| Provisions | 51.29 | 32.08 |
| Other non-current liabilities | 19.14 | 8.53 |
| Total non-current liabilities | 1,057.11 | 2,081.02 |
| Current liabilities | ||
| Financial liabilities | ||
| Borrowings | – | 2,147.37 |
| Lease liability | 7.34 | 8.75 |
| Trade payables: | ||
| (a) total outstanding dues of micro and small enterprises | 234.41 | 280.56 |
| (b) total outstanding dues of creditors other than micro and small enterprises | 773.22 | 1,150.91 |
| Other current financial liabilities | 258.31 | 323.17 |
| Other current liabilities | 15,813.80 | 8,086.24 |
| Provisions | 31.03 | 17.35 |
| Current tax liabilities (net) | 9.27 | 235.71 |
| Total current liabilities | 17,127.38 | 12,250.06 |
| Liabilities classified as held for sale | – | 29.97 |
| Total equity and liabilities | 49,772.27 | 43,689.85 |
| Particulars | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) (refer note 9) |
|---|---|---|
| A CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Profit before tax | 4,490.74 | 2,072.46 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 69.59 | 73.24 |
| Profit on sale of property, plant and equipment and investment property (net) | (3.50) | (0.28) |
| Rental income on account of discounting of security deposits and straight lining effect | (10.11) | (33.27) |
| Amount forfeited on properties | (0.87) | (4.76) |
| Finance cost | 140.66 | 338.12 |
| Interest income (including fair value change in financial instruments) | (750.12) | (462.84) |
| Share of profit from partnership firms (net) | (42.37) | (26.54) |
| Net foreign exchange differences | (0.00) | 0.12 |
| Unclaimed balances and excess provisions written back | (277.97) | (10.85) |
| Dividend income | (1,650.07) | (1,015.30) |
| Profit on sale of investments (net) | (5.22) | (0.02) |
| Allowance/write off’s of financial and non-financial assets and provisions | 18.12 | 6.90 |
| Exceptional items (net) | (214.45) | 302.39 |
| Operating profit before working capital changes | 1,764.43 | 1,239.37 |
| Working capital adjustments: | ||
| Increase in trade receivables | (948.27) | (119.96) |
| Increase in inventories | (670.45) | (689.24) |
| Increase in other non-financial assets | (648.21) | (762.28) |
| Decrease in other financial assets and loans | 83.98 | 98.35 |
| Decrease in other financial liabilities | (67.89) | (138.84) |
| Increase in provisions | 7.35 | 1.99 |
| Increase in other non-financial liabilities | 7,574.88 | 4,404.40 |
| (Decrease)/increase in trade payables | (406.44) | 328.80 |
| Cash flow from operating activities post working capital changes | 6,689.38 | 4,362.59 |
| Income tax (paid)/refunded, net | (616.46) | 325.36 |
| Net cash flow generated from operating activities (A) | 6,072.92 | 4,687.95 |
| B CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from sale of property, plant and equipment and investment property | 3.50 | 0.67 |
| Purchase of property, plant and equipment, investment property, intangible assets and capital work-in-progress | (19.20) | (59.60) |
| Purchase of investments | (94.00) | (63.43) |
| Proceeds from disposal/redemption of investments | 10.25 | – |
| Proceeds from sale of mutual funds | – | 55.02 |
| Purchase of mutual funds | – | (55.00) |
| Redemption of/(investment in) fixed deposits with maturity more than 3 months (net) | (2,642.00) | (4,272.39) |
| Loans given to subsidiaries (including partnership firms), associates and joint ventures | (180.10) | (1,669.05) |
| Loans repaid by subsidiaries (including partnership firms), associates and joint ventures | 1,163.43 | 1,679.24 |
| Interest received | 518.13 | 291.94 |
| Dividend received | 1,650.07 | 1,015.30 |
| Net cash flow generated from/(used in) investing activities (B) | 410.08 | (3,077.30) |
| C CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from non-current borrowings (including current maturities) | – | 284.00 |
| Repayment of non-current borrowings (including current maturities) | (2,127.99) | (69.10) |
| (Repayment of)/proceeds from current borrowings, net | (1,138.00) | (330.64) |
| Interest paid | (130.28) | (329.58) |
| Decrease/(increase) in restricted bank balances (net) | (4.72) | (4.06) |
| Repayment of lease liabilities | (12.33) | (22.43) |
| Dividend paid | (1,480.48) | (1,233.59) |
| Net cash flow used in financing activities (C) | (4,893.80) | (1,705.40) |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | 1,589.20 | (94.75) |
| Net foreign exchange difference | – | (0.12) |
| Add: Cash and cash equivalents relating to merger during the year | 0.30 | 2.14 |
| Cash and cash equivalents at the beginning of the year (net of overdraft) | 194.16 | 286.89 |
| Cash and cash equivalents at year end (net of overdraft) | 1,783.66 | 194.16 |
| Components of cash and cash equivalents at period end comprises of: | ||
| Cash and cash equivalents | 1,783.66 | 194.16 |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 592.12 | 629.76 |
| Capital work-in-progress | 158.72 | 77.14 |
| Investment property | 2,360.63 | 1,706.49 |
| Goodwill | 944.25 | 944.25 |
| Other intangible assets | 117.37 | 130.23 |
| Intangible assets under development | 3.04 | 8.55 |
| Right-of-use assets | 99.41 | 91.55 |
| Investments in joint ventures and associates | 20,481.01 | 20,066.14 |
| Financial assets | ||
| – Investments | 638.21 | 914.46 |
| – Loans | 663.31 | 190.14 |
| – Other financial assets [includes bank deposits of ₹ 5,005.51 crores (31 March 2025: ₹ 25.08 crores)] | 5,170.64 | 150.96 |
| Deferred tax assets (net) | 1,410.15 | 1,002.97 |
| Non-current tax assets (net) | 1,246.86 | 849.16 |
| Other non-current assets | 1, |