DLF Ltd Q2 FY27 results released October 16

DLF reported Q2 FY27 consolidated net profit of ₹1,301.35 crore, up 10.3% year-on-year, on consolidated revenue of ₹2,298 crore (up 25.7% YoY) and EBITDA of ₹1,060 crore (up 17.5% YoY), aided by a one-time ₹738 crore fair-value gain on a joint-venture investment; standalone net profit was ₹800.32 crore, and the board declared an interim dividend of ₹8 per share (record date October 23). New sales bookings jumped 478.7% sequentially to ₹3,800 crore, taking H1 FY27 bookings to ₹15,757 crore (up 122% YoY), driven by luxury demand in Gurugram and Mumbai; the company expects ₹42,460 crore of surplus cash potential from launched projects. On October 17, DLF announced the acquisition of an additional 7.48 acres in Gurugram’s Sector 61, taking its contiguous Golf Course Extension Road parcel to about 36 acres, with completion expected by March-end. Management also said the next phase of The Westpark in Mumbai will launch in Q3 FY27 after the first phase sold out with over ₹2,300 crore in bookings, while L&T Realty (not DLF) separately targets ₹25,000 crore of launches across Mumbai, NCR and Bengaluru in H2 FY27. Shares closed at ₹674 on October 16, up 0.66%.