Transcript of Earnings Call for Q4&FY26

DLF Limited reported a strong FY26 with record collections of INR 13,500 crores (up 15% YoY) and cash surplus of INR 7,700 crores (up 25%). The company achieved zero gross debt in its development business and maintains a net cash position of INR 14,155 crores. New sales bookings stood at INR 20,143 crores, with Q4 sales of INR 3,967 crores primarily driven by the super-luxury Dahlias project where 32 apartments were sold in one quarter. The board recommended a dividend of INR 8 per share, up 33% YoY. Management maintained its FY27 sales guidance of around INR 20,000 crores and expects INR 9,000 crores of new margin creation annually. The rental business (DCCDL) delivered 38% net profit growth to INR 2,726 crores, with NOI growth guidance of mid-teens over 4-5 years. Key launches planned for FY27 include Hamilton 2 and Arbour Senior Living in Gurugram, Westpark phase 2 in Mumbai, and Dahlias continuing sales.