Earnings call transcript: DLF posts strong q2 2026 results on luxury sales

DLF reported strong Q2 2026 results, with consolidated revenue of INR 2,298 crores, EBITDA of INR 1,060 crores, and net profit exceeding INR 1,300 crores, driven by a one-time INR 738 crores gain from an investment in a joint venture. The luxury housing business, particularly the Aureva retirement housing project and Dahlias, contributed significantly to the company's performance, while DCCDL, the commercial real estate arm, reported INR 2,014 crores in revenue and INR 750 crores in net profit, up 17% year over year.

The company's strong rental assets and robust development pipeline, with a gross margin potential of INR 40,000 crores, highlight its position in the premium housing market. Despite a dividend payout of INR 1,980 crores, DLF maintained a net cash position of INR 15,100 crores, and its stock remained stable at $675, reflecting cautious investor sentiment.

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