DLF Shares Fall Despite 19% Rise in Q1FY26 Net Profit; Revenue Nearly Doubles to Rs. 2,717 Crore

DLF share price dropped on Tuesday morning despite the company posting strong Q1FY26 financial results. Shares of DLF Ltd, India's largest listed real estate company, were trading at Rs. 779.90, down 1.63% intraday, extending its 5-day loss to 2.29% and month-to-date fall to over 6.32%.

DLF Q1FY26 Results

In its quarterly report for the period ending June 2025, DLF posted a 19% year-on-year rise in net profit, reaching Rs. 766 crore, up from Rs. 654.6 crore in Q1FY25. The company's revenue almost doubled to Rs. 2,717 crore, a whopping 91% increase from Rs. 1,423.2 crore a year ago.

The company's EBITDA jumped 59.7% to Rs. 364.6 crore, although EBITDA margins declined to 13.4% from 16.7% YoY due to rising operational costs.

Why Are DLF Shares Falling Despite Good Results?

The fall in DLF share price today is mainly because of the profit-booking, as the stock had run up sharply in previous months on earnings anticipation. Analysts also point to margin compression and broader market weakness as potential reasons.

According to a technical view from Mirrae Asset Sharekhan, "DLF Ltd is currently showing a positive outlook. The real estate major has reported a 78% year-on-year growth in Q1 bookings, successfully achieving over 50% of its full-year sales guidance within just the first quarter. The chart suggests key support at Rs. 788, while immediate resistance levels are placed at Rs. 804 and Rs. 809, indicating potential upside if the stock breaks out above these thresholds."

DLF's Key Projects & Strategic Focus

DLF's real estate portfolio spans across major Indian cities with a focus on high-end residential and commercial developments. Key ongoing and completed projects include:

• Gurgaon: DLF City, Cyber City, Downtown Gurugram, DLF Ultima, The Skycourt
• Bengaluru: Westend Heights, Woodland Heights, among others
• Upcoming: Luxury high-rises in DLF Phase 6 (Gurgaon), new developments in Mumbai and Chennai, and expansion into retail real estate spaces

DLF is also gearing up to launch several new luxury projects, which are expected to drive future sales growth and boost margins once initial investment costs normalise.

About DLF Ltd

DLF Ltd, founded in 1946 by Chaudhary Raghvendra Singh, is India's largest publicly listed real estate developer. Headquartered in New Delhi, the company is currently chaired by Rajiv Singh. DLF's core business spans the development of residential, commercial, and retail properties, with a footprint across 15 states and 24 cities. The company played a huge role in transforming Gurgaon into a modern real estate hub and made history by launching India's largest-ever IPO in 2007.

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