DLF532868Earnings call transcript

Q2 FY27 earnings call: sales bookings about INR 3,800 crores, net cash about INR 15,100 crores

DLF has shared the transcript of its Q2 FY27 earnings conference call held on 17 October 2026.

By ScoutQuest · Thu 22 Oct 2026, 6:38 PM IST · 2 min read

New sales bookings: approximately INR 3,800 crores
Net cash: about INR 15,100 crores
Rental occupancy: highest ever, 96% by area

DLF shared with the stock exchanges the transcript of its Q2 FY27 earnings conference call, held on 17 October 2026. The call covered the quarter's operating and financial performance, followed by questions from analysts on launches and completion timelines.

Sales and cash

New sales bookings for the quarter stood at approximately INR 3,800 crores.
The company launched Aureva, described as a luxury retirement housing address, which it said received an extremely strong response with a complete sellout.
Overall collections were INR 2,780 crores.
The net cash position was approximately INR 15,100 crores, after a large dividend payout during the quarter.
Demand for the super-luxury project Dahlias was described as absolutely strong in the current quarter as well.

Rental business

The rental portfolio reached its ever-highest occupancy levels, at 96% in terms of area; occupancy by value was described as higher still.
Management said this is amongst the highest in the industry and that the rental business delivered healthy top-line growth with high-teen growth in profitability.

Financial numbers

Overall consolidated revenue was INR 2,298 crores. This included a one-time gain of INR 738 crores, accounted for as other income, arising from the valuation of one of the company's investments in a joint venture company as per accounting standards.
EBITDA was INR 1,060 crores, resulting in a net profit of over INR 1,300 crores.
Management said strong cash generation and a robust balance sheet position the company well for growth.

Guidance and outlook

On the Dahlias Experience Centre, management said the work is in its last leg and, if everything goes well, it should be ready by December. Price increases at Dahlias were said to continue after the show-and-tell begins.
On project completion, management said the inflection point is FY27-28 starting with The Arbour, after which a series of projects will start getting completed, including the three Privana projects and Dahlias over the following three years.
On Aureva, management said sales concluded before 30 September, that reporting happens only once money is received and forms and KYC are complete, and that the booking amount taken is INR 50 lakhs.

Points a retail investor may note

This is a transcript, so it carries management's own commentary on the quarter and on project timelines rather than a fresh set of financial statements.
Reported revenue includes a one-time, non-operating gain, so the operating performance and that gain are best read separately.
Timelines such as the Experience Centre by December and The Arbour as the completion inflection point are management expectations, not commitments.

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