DLF Limited — Investor Meet, 07-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

DLF reported strong Q1 FY26 sales bookings of ₹11,425 Cr, up 78% YoY, driven by the DLF Privana ecosystem. Collections reached ₹2,794 Cr, generating ₹1,100 Cr net cash surplus, and debt was reduced by ₹1,364 Cr. Revenue stood at ₹2,981 Cr, with PAT growing 19% YoY to ₹766 Cr.

The annuity business (rentals) saw PAT grow 26% YoY, maintaining 94% occupancy across 46 million sqft. New assets like Downtown Chennai and Midtown Plaza received occupancy certificates and are highly leased. Upcoming launches include the next phase of Dahlias (main launch March/April 2026), a Goa project (pending approvals), and Mumbai Phase 2 (next year).

Management emphasized focus on embedded margins and cash flow, noting significant RERA-locked cash for future projects. They expressed confidence in the Mumbai project's success paving the way for future expansion and expect continued positive dividend trajectory. The overall sentiment is confident, highlighting a strategic and disciplined approach.