Q4 2026 DLF Ltd Earnings Call Transcript
Key Points
- DLF Ltd (BOM:532868) reported a record collection of over INR13,500 crores for the fiscal year, representing a 15% year-over-year growth.
- The company achieved a zero gross debt position in its development business, showcasing strong financial management.
- DLF Ltd's rental portfolio stands at 50 million square feet with an industry-leading occupancy rate of 95%.
- The company reported a consolidated revenue of INR2,452 crores with a gross margin of approximately 46% for the quarter.
- The Board recommended a dividend of INR8, representing a 33% year-over-year growth, reflecting strong shareholder returns.
- There was an increase in marketing brokerage costs and overheads for the quarter, which may impact profitability.
- The launch pipeline for the next year appears to be stagnating, with no significant increase in projected launches.
- The company faces potential deferrals in decision-making from large tenants due to geopolitical tensions and internal reviews.
- Despite strong sales, the presales guidance remains unchanged at INR20,000 crores, indicating a cautious approach to growth.
- The company has a significant portion of its cash balance locked in RERA escrow accounts, limiting immediate liquidity.
Ladies and gentlemen, good day, and welcome to DLF Limited's Q4 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. Aakash Ohri. Managing Director and Chief Business Officer; and Mr. Badal Bagri, Group CFO, DLF Limited.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Badal Bagri. Thank you, and over to you, sir.
Good evening, and thank you all for joining this call today. We are pleased to report a strong close to FY26, wherein we have delivered robust earnings, healthy sales booking and strong cash generation, supported by sustained demand momentum across our development business and continued strength of our annuity business.
This performance reflects the underlying quality of our assets, the bank strength, prudent capital allocation and disciplined execution across a well
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