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DLF Hits Zero Gross Debt on Record Collections as Annuity Portfolio Expands in Q3FY26

Story Highlights
  • DLF posted strong Q3FY26 results with record collections, higher profits and cash flows, achieving a zero gross-debt position and strengthened credit profile.
  • The annuity arm DCCDL delivered double-digit growth as DLF added new retail assets, expanding its rental portfolio and reinforcing long-term, stable earnings.
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DLF Hits Zero Gross Debt on Record Collections as Annuity Portfolio Expands in Q3FY26

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An announcement from DLF Limited ( (IN:DLF) ) is now available.

DLF Limited reported robust consolidated results for the third quarter of FY26, with revenue of Rs 2,479 crore, EBITDA of Rs 849 crore and net profit of Rs 1,207 crore, supported by record gross collections of about Rs 5,100 crore and 21% year-on-year growth in cumulative net collections to Rs 10,216 crore for the nine-month period. Strong operating cash flows generated a net operating cash surplus of Rs 3,876 crore in the quarter, enabling the company to reach its target of zero gross debt and build a net cash position of Rs 11,660 crore, while new sales bookings of Rs 419 crore and an upgrade of its credit rating to AA+/Stable by ICRA underscore improved financial strength. The annuity business, led by DCCDL, continued to perform strongly, with Q3FY26 consolidated revenue of Rs 1,878 crore, EBITDA of Rs 1,464 crore (up 18% year-on-year) and profit of Rs 707 crore, and the addition of the DLF Summit Plaza retail asset expanded the retail portfolio to about 5 million sq ft within an overall operational annuity portfolio of roughly 49 million sq ft. These results reinforce DLF’s strategy of pairing consistent and profitable growth with balance sheet strengthening, as it leverages sector tailwinds, scales its rental and annuity assets, and seeks to deliver long-term value to shareholders and other stakeholders.

More about DLF Limited

DLF Limited is a leading Indian real estate company, focused on residential, commercial and retail developments, with a significant annuity portfolio anchored by its DLF Cyber City Developers Limited (DCCDL) arm. The group develops and operates large-scale office spaces, shopping centres and premium housing projects, with a strong presence in key urban markets such as Gurugram and New Delhi, positioning itself as a major player in India’s organised real estate and rental assets segment.

Average Trading Volume: 70,162

Technical Sentiment Signal: Hold

Current Market Cap: 1512.4B INR

For a thorough assessment of DLF stock, go to TipRanks’ Stock Analysis page.

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