DLF Ltd: A Strong Bet in the Real Estate Sector with ₹22,000 Cr Presales Guidance for FY26
India’s residential and commercial real estate sector is experiencing robust growth: in Q1 2025, about 65,000 residential units were launched and sold, reflecting balanced demand and supply. Commercial leasing is set to expand, with net absorption across top cities projected to rise 3-4% in FY26, reaching 60-61 million sq. ft., driven by strong office demand and urban expansion.
With a market capitalization of Rs 2.09 lakh crore, the shares of DLF Ltd closed at Rs 845.85 per share, decreased around 0.16 percent as compared to the previous closing price of Rs 847.20 apiece.
For FY26, the company has maintained its presales guidance at Rs 20,000–22,000 crore, reflecting confidence backed by a history of outperformance. Collections are expected to remain steady at around Rs 1,500 crore per quarter. Construction costs, which stood at Rs 724 crore in Q4 FY25, are projected to rise to Rs 800 crore quarterly, driven by upcoming project launches.
Looking forward to the company’s financial performance, revenue increased by 47 percent from Rs 2,135 crore in Q4FY24 to Rs 3,128 crore in Q4FY25. Further, during the same time frame, net profit increased by 39 percent from Rs 920 crore to Rs 1,282 crore.
For FY26, the company has a robust launch pipeline worth Rs 17,000 crore, featuring key projects like Privana North, Mumbai, Goa, and Dahlias. While additional launches such as DLF City and IREO are being considered, management emphasized their current focus, stating, “We’ve got our hands full already with plenty in motion.”
CRISIL upgraded DCCDL’s (DLF Cyber City Developers Limited) rating to AAA (Stable), while ICRA raised it to AA+ (Positive), with further review expected post-results. On the CAPEX front, RentCo entities like DCCDL, DLF, and Atrium Place plan to invest Rs 5,000 crore annually in FY26 and FY27, reflecting accelerated execution and higher approval-related expenses.
DLF Limited is an India-based company that is primarily engaged in the business of colonization and real estate development. The operations of the Company include all aspects of real estate development, from the identification and acquisition of land to planning, execution, construction, and marketing of projects.
