DLF Q2 Profit Dips 15% to ₹1,180 Crore; Luxury Sales Fuel ₹4,332 Crore Bookings

Ltd, India’s largest real estate developer by market value, reported a 14.55% year-on-year decline in consolidated net profit to ₹1,180 crore for the July-September quarter of FY26, compared with ₹1,381 crore in the same period last year. Revenue from operations dropped nearly 17% to ₹1,643 crore, reflecting a cautious residential market amid high interest rates and delayed project recognitions. Consolidated income for the quarter stood at ₹2,261.80 crore, with EBITDA at ₹902 crore. Despite the earnings dip, DLF’s pre-sales momentum remained robust, clocking ₹4,332 crore in new bookings – driven by the successful debut of The Westpark in Mumbai and sustained demand in its super-luxury portfolio, including The Camellias and The Dahlias. The company highlighted strong traction in premium and luxury segments, with sustained buyer interest in Gurugram, Mumbai, and Goa. DLF reaffirmed its full-year sales guidance of ₹19,000–20,000 crore, banking on upcoming launches and inventory monetization. Analysts remain constructive, citing DLF’s dominant position in high-margin luxury housing and a debt-light balance sheet as key long-term positives, even as near-term earnings face cyclical pressures.