DLF Limited — PPTs, 22-01-2026: Investor Presentation

**Business Performance:** DLF reported strong Q3FY26 results. Revenue jumped 32% YoY to Rs 2,020 Cr, with PAT (before exceptional items) up 29% YoY to Rs 1,252 Cr. The annuity business (DCCDL) saw rental income rise 18% to Rs 1,412 Cr and PAT (before exceptional items) grow 40% to Rs 717 Cr. Gross collections were a record ~Rs 5,100 Cr.

**Growth Drivers:** The development segment is pushing high-margin luxury projects from its existing land bank. The annuity segment has a strong ~27 msf pipeline, targeting Rs 10,000 Cr in rental income medium-term.

**Recent Developments:** A major milestone was achieving "Gross Debt Zero" for DLF, driven by Rs 3,876 Cr surplus cash, bringing total cash to Rs 11,660 Cr. DLF's credit rating was upgraded to ICRA AA+/Stable. New project Summit Plaza is 95% pre-leased.

**Key Financial Metrics:** DLF: Revenue Rs 2,020 Cr; PAT Rs 1,252 Cr. DCCDL: Rental Income Rs 1,412 Cr; PAT Rs 717 Cr. DCCDL's Net Debt is Rs 16,976 Cr, with Net Debt/EBITDA at 3.0x.

**Management Outlook:** Management sees clear future earnings visibility, prioritizing customer satisfaction and robust cash flow generation.