Q2 2026 DLF Ltd Earnings Call Transcript
Key Points
- DLF Ltd (BOM:532868) reported strong new sales bookings of over INR 4,300 crore for the quarter, driven by a successful launch in Mumbai.
- The company maintained high collection efficiency, with collections at INR 2,672 crore, aligning with construction and payment milestones.
- DLF Ltd (BOM:532868) repaid INR 963 crore of debt, reducing its outstanding debt to INR 1,487 crore as of September 30.
- CRISIL upgraded DLF Ltd (BOM:532868)'s credit rating to AA+ with a stable outlook, reflecting a strong balance sheet and healthy cash flow generation.
- The operational rental portfolio stands at 49 million square feet with high occupancy levels, contributing to a 15% year-over-year growth in rental income.
- The company faces ongoing legal challenges in Goa, which may delay project launches.
- Despite strong sales, the company is cautious about overcommitting on presales guidance for FY26.
- DLF Ltd (BOM:532868) experienced some project cancellations, although these were attributed to customer upgrades.
- The construction ramp-up led to increased outflow for construction expenses, totaling INR 925 crore.
- There are pending approvals and potential delays in the launch of several projects, including those in Goa and other regions.
Ladies and gentlemen, good day and welcome to DLF Limited's Q2 FY26 earnings conference call. We have with us today on the call Mr. Ashok Tyagi, Managing Director, DLF Limited, Mr. Sriram Khattar, Vice Chairman and Managing Director, Rental Business, Mr. Akash Ori, Joint Managing Director and Chief Business Officer, and Mr. Badal Bakri, Group CFO, DLF Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Badal Bakri. Thank you, and over to you, sir.
Good afternoon, everyone, and thank you for joining this call. Sriram will be joining us in a few minutes from now. First of all, to begin with, I would like to wish all of you a very happy Diwali and hope all of you had a good
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