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Quarterly Results

DLF · DLF Limited · NSE · Filed 3 Aug · 1 min read

DLF reports Q1 FY2026-27 results, carves out rental as a separate segment

DLF's board approved unaudited June-quarter results and, as it begins operating several rent-generating properties, started reporting its rental business as a distinct segment.

What was filed

DLF Limited told the NSE that its board, meeting on 3 August 2026, approved unaudited standalone and consolidated results for the quarter ended 30 June 2026, along with the statutory auditor's limited review reports, under Regulation 33 of the SEBI LODR Regulations. The results cover the first quarter of FY2026-27.

S.R. Batliboi & Co. LLP conducted a limited review of both the standalone and consolidated statements and issued unmodified conclusions — nothing came to their attention suggesting the results were materially misstated.

A new rental segment

The most notable structural change in this filing is how DLF reports its business. As it commences operations of several rent-generating commercial and retail properties, the company said the rental business has been identified and reported as a separate segment from the current quarter. Previously the group reported its activity largely as real estate development.

For a holder, this separation makes the recurring-income rental portfolio visible in its own right alongside the development business, changing how the group's revenue and results are read going forward.

Ongoing litigation carried forward

The auditors flagged an Emphasis of Matter covering several long-running lawsuits — none new to this quarter, all still open. These include a Competition Commission of India penalty that DLF has deposited under protest while its appeal is pending in the Supreme Court, cancelled sale deeds relating to two IT SEZ/IT Park projects in Gurugram (currently stayed by the Supreme Court), and a SEBI matter now before the Supreme Court after a favourable Securities Appellate Tribunal order. Based on legal advice, management has made no adjustment in the results for any of these, and the auditors' conclusion is not modified on account of them.

Standalone net profit (Q1
₹39.40 → ₹65.34 crQ1 FY26 → Q1 FY27+66%
Consolidated total income (Q1
₹2,980.88 → ₹1,605.56 crQ1 FY26 → Q1 FY27−46%
Consolidated net profit (Q1 FY2026-27)
₹793.90 crore

‡ Computed by us from the filing’s own figures — not a company-stated number.

For holders, this is a routine quarterly results filing, but two things distinguish it: the group began reporting rental income as a distinct segment, which changes how future results are read, and the auditors' Emphasis of Matter keeps several unresolved legal cases in view even though no financial adjustment has been made for them.

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