Board approves un-audited standalone and consolidated results for quarter and half year ended 30 September 2026
Board met on 16 October 2026 and approved the un-audited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 439.08 | 646.53 | −32.1% | 256.94 | +70.9% |
| Total income | 1,386.19 | 1,582.39 | −12.4% | 479.61 | +189% |
| Profit before tax | 824.35 | 1,218.54 | −32.3% | 87.23 | +845% |
| Profit after tax | 800.32 | 1,012.51 | −21% | 65.34 | — |
| Total comprehensive income | 801.71 | 1,007.33 | −20.4% | 64.40 | — |
| Basic EPS | 3.24 | 4.09 | −20.8% | 0.26 | — |
- Total income YoY change
- −12.4%
- Profit after tax (YoY change)
- 800.32 (−21%)
- Period
- 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: CCI penalty of Rs. 630.00 crores upheld by COMPAT; appeal pending before Supreme Court, Rs. 630.00 crores deposited under protest.
- Emphasis of matter: Punjab & Haryana High Court judgements cancelling sale deeds for two IT SEZ/IT Park projects in Gurugram; SLPs pending, operation stayed by Supreme Court.
- Emphasis of matter: SEBI restrictions and penalties set aside by SAT; SEBI's appeal pending before Supreme Court. No adjustment made; conclusion not modified.
Notes to the results
- Note 5: Consent award with JHL for ₹ 801.00 crores; ₹ 251.10 crores received; prior year impairment reversal of ₹ 235.19 crores shown as exceptional income.
- Note 6: Incremental impact of new Labour Codes of ₹ 20.74 crores accounted as exceptional item in year ended 31 March 2026.
- Note 7: At 61st AGM on 3 August 2026, dividend of ₹ 8 per equity share (face value ₹ 2) amounting to ₹ 1,980.25 crores was declared.
- Note 8: NCLT-approved scheme of amalgamation of 16 transferor companies with DLF Limited; corresponding quarter and half year ended 30 September 2025 restated.
What the board approved
The board of directors met on 16 October 2026 and approved the un-audited financial results (standalone and consolidated) for the quarter and half year ended 30 September 2026, along with the Limited Review Reports. The results were reviewed by the Audit Committee and approved by the Board.
What the auditor said
The statutory auditor, S.R. Batliboi & Co. LLP, carried out a Limited Review. A review gives moderate assurance and is narrower in scope than a full audit, so the auditor does not express an audit opinion. The conclusion is that nothing came to the auditor's attention that causes it to believe the standalone statement has any material misstatement or is missing any disclosure required under the listing regulations. This conclusion is not modified.
An Emphasis of Matter paragraph draws attention to pending legal matters, for which no adjustment has been made in the standalone results, based on external legal advice. These include:
- A competition matter in which a penalty of Rs. 630.00 crores was imposed on the company; the company has shared an appeal, has deposited Rs. 630.00 crores under protest, and has applied for refund including interest.
- A land matter relating to IT SEZ / IT Park projects in Gurugram, where sale deeds of land were cancelled; the company, a subsidiary and a joint venture have challenged this before the Supreme Court, which has stayed the operation of the judgments.
- A SEBI matter relating to a Show Cause Notice and a restraint order that was later set aside by the Securities Appellate Tribunal, with appeals pending before the Supreme Court.
Standalone results for the quarter (Rs. in crores)
- "Revenue from operations": Rs. 439.08 crores
- "Total income": Rs. 1,386.19 crores
- "Profit before exceptional items and tax": Rs. 824.35 crores
- "Net profit for the period": Rs. 800.32 crores
These are standalone figures, meaning the company on its own, including its share of results of partnership firms whose financial information was reviewed by other auditors.
Rental shown as a separate segment
The company has identified and reported the rental business (mainly the commercial and retail rent-generating business) as a separate segment from the previous quarter, with the real estate segment covering real estate development and ancillary activities. Rental segment revenue for the quarter was Rs. 85.82 crores. The company links this to the increasing relevance of rental-generating properties in its overall portfolio.
Dividend noted in the results
A dividend of Rs. 8 per equity share was declared at the annual general meeting held on 3 August 2026, amounting to Rs. 1,980.25 crores. This is noted in the notes to the standalone financial results.
Amalgamation
The National Company Law Tribunal has approved a scheme of amalgamation of transferor companies with the company. The scheme has been accounted for in accordance with Ind AS 103 "Business Combinations", and the financial results and figures for the corresponding quarter and half year ended 30 September 2025 have been restated for one of the transferor companies.
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More numbers
- Penalty imposed by CCI, deposited under protestRs. 630.00 crores
- Rental segment revenue, quarter (Rs. in crores)85.82
- Dividend per equity share₹ 8 per equity share
- Total dividend amount₹ 1,980.25 crores
- Total income, latest quarter1,386.19 (₹ in crores)
- Total income, year-ago quarter1,582.39 (₹ in crores)
- Total income, previous quarter479.61 (₹ in crores)
- Total comprehensive income, latest quarter801.71 (₹ in crores)
- Total comprehensive income, year-ago quarter1,007.33 (₹ in crores)
- Total comprehensive income, previous quarter64.40 (₹ in crores)
- Profit after tax, latest quarter800.32 (₹ in crores)
- Profit after tax, year-ago quarter1,012.51 (₹ in crores)
- Profit after tax, previous quarter65.34 (₹ in crores)
- Revenue from operations, latest quarter439.08 (₹ in crores)
- Revenue from operations, year-ago quarter646.53 (₹ in crores)
- Revenue from operations, previous quarter256.94 (₹ in crores)
- Profit before tax, latest quarter824.35 (₹ in crores)
- Profit before tax, year-ago quarter1,218.54 (₹ in crores)
- Profit before tax, previous quarter87.23 (₹ in crores)
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