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DLF Q3FY26 Result Preview: PAT Likely to Fall 37% Amidst Margin Expansion

Published: January 21, 2026 | Category: Real Estate
DLF Q3FY26 Result Preview: PAT Likely to Fall 37% Amidst Margin Expansion

DLF Ltd is set to announce its financial results for the quarter ended December 2025 on January 22, 2026. Analysts expect the real estate developer to stage a weak financial performance.

According to Zee Business research, DLF is estimated to register revenue of Rs 2,500 crore for the quarter ended December 31, a 63 per cent increase over the corresponding period a year ago. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) are estimated at Rs 751 crore versus Rs 400 crore last year, up 88 per cent.

The analysts expect its margin, a key measure of profitability, to improve to 30 per cent from 26 per cent. However, they peg its profit after tax (PAT) at Rs 1,012 crore from Rs 1,631 crore in Q3FY25, marking a year-on-year (YoY) drop of 37 per cent.

The growth in key operating metrics is largely attributable to the low base in the corresponding quarter last year. Despite the improvement in sales and EBITDA, the overall performance is expected to be weak, primarily due to muted new launches and soft pre-sales, according to Zee Business research. The absence of major new project launches during the quarter is likely to impact booking momentum, while pre-sales numbers are expected to remain subdued.

DLF's Q2FY26 results showed strong new sales bookings of Rs 4,332 crore, driven by its Mumbai launch, with a net cash position of Rs 7,717 crore. However, net profit dipped to Rs 1,180 crore compared to Rs 1,381 crore a year earlier, with total consolidated income at Rs 2,262 crore.

Shares of DLF Ltd ended Wednesday’s trading session higher at Rs 617.80 apiece, gaining 1.11 per cent from the previous close of Rs 611. The real estate major had touched its 52-week high of Rs 887.50 on June 9, 2025, while its 52-week low of Rs 601.20 was recorded on April 7, 2025. Despite the day’s gains, the stock has slipped 4.95 per cent over the past week and is down 10.68 per cent on a year-to-date (YTD) basis.

DLF Ltd, one of India's leading real estate developers, has a significant presence in residential, commercial, and retail segments. The company's performance is closely watched by investors and analysts, as it often serves as a bellwether for the broader real estate market in India. The upcoming results will provide insights into the company's strategies and market conditions, which are crucial for stakeholders and potential investors.

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Frequently Asked Questions

1. What are the estimated revenue and EBITD
for DLF Q3FY26? A: DLF is estimated to register revenue of Rs 2,500 crore and EBITDA of Rs 751 crore for Q3FY26.
2. What is the expected profit after tax (PAT) for DLF Q3FY26?
The profit after tax (PAT) for DLF Q3FY26 is expected to be Rs 1,012 crore, marking a 37 per cent drop from the previous year.
3. Why is DLF expected to have
weak financial performance in Q3FY26? A: DLF is expected to have a weak financial performance due to muted new launches and soft pre-sales, despite improvements in revenue and EBITDA.
4. How did DLF perform in Q2FY26?
In Q2FY26, DLF reported strong new sales bookings of Rs 4,332 crore, driven by its Mumbai launch, with a net cash position of Rs 7,717 crore. However, net profit dipped to Rs 1,180 crore compared to Rs 1,381 crore a year earlier.
5. What is the recent trend in DLF's stock price?
Shares of DLF Ltd ended Wednesday’s trading session at Rs 617.80, gaining 1.11 per cent. Despite this, the stock has slipped 4.95 per cent over the past week and is down 10.68 per cent on a year-to-date (YTD) basis.