DLF Limited — Quarter ended 31 March 2026 (and year ended 31 March 2026)
Optional commentary: Standalone and consolidated audited results for the quarter and year ended 31 March 2026 are provided, with comparative figures for the quarter ended 31 December 2025 (unaudited) and year ended 31 March 2025 (audited).
| 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 current assets including assets classified as held for sale | 22,962.66 | 20,931.18 |
| 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) |