Key Quantitative Figures - Standalone (₹ in crores)

Income Statement for Quarter Ended 30.09.2026:

  • Revenue from operations: ₹439.08
  • Other income: ₹947.11
  • Total income: ₹1,386.19
  • Total expenses: ₹561.84
  • Profit before exceptional items and tax: ₹824.35
  • Exceptional items: ₹0.00 (compared to ₹235.19 in Q2 FY26)
  • Profit before tax: ₹824.35
  • Total tax expense: ₹24.03
  • Net profit for the period: ₹800.32
  • Other comprehensive income: ₹1.39
  • Total comprehensive income: ₹801.71
  • Earnings per share (Basic & Diluted): ₹3.24

Income Statement for Half Year Ended 30.09.2026:

  • Revenue from operations: ₹696.02
  • Other income: ₹1,169.78
  • Total income: ₹1,865.80
  • Profit before tax: ₹911.58
  • Net profit for the period: ₹865.66
  • Earnings per share (Basic & Diluted): ₹3.50

Balance Sheet as at 30.09.2026 (Standalone):

  • Total assets: ₹51,790.38 crores
  • Inventories: ₹13,298.99 crores
  • Cash and cash equivalents: ₹715.51 crores
  • Total equity: ₹30,473.64 crores (Share capital: ₹495.06 crores, Other equity: ₹29,978.58 crores)
  • Paid-up equity share capital (face value ₹2 per share): ₹495.06 crores

Key Quantitative Figures - Consolidated (₹ in crores)

Income Statement for Quarter Ended 30.09.2026:

  • Revenue from operations: ₹1,260.58
  • Other income: ₹1,036.72
  • Total income: ₹2,297.30
  • Profit before tax and share of profit in associates/joint ventures: ₹1,003.32
  • Share of profit in associates and joint ventures (net): ₹499.28
  • Net profit for the period: ₹1,301.35
  • Earnings per share (Basic & Diluted): ₹5.25

Income Statement for Half Year Ended 30.09.2026:

  • Revenue from operations: ₹2,540.92
  • Net profit for the period: ₹2,095.25
  • Earnings per share (Basic & Diluted): ₹8.46

Balance Sheet as at 30.09.2026 (Consolidated):

  • Total assets: ₹78,103.97 crores
  • Total equity: ₹45,587.41 crores

Segment Performance (Standalone) - Q2 FY27

  • Real Estate Segment: Revenue: ₹353.26 cr; Segment result: ₹418.09 cr
  • Rental Segment: Revenue: ₹85.82 cr; Segment result: ₹470.47 cr

Segment Performance (Consolidated) - Q2 FY27

  • Real Estate Segment: Revenue: ₹1,102.98 cr; Segment result: ₹241.67 cr
  • Rental Segment: Revenue: ₹164.57 cr; Segment result: ₹854.04 cr

Dates of Action

  • Board Meeting: October 16, 2026
  • Period End: September 30, 2026
  • Dividend Declaration Date: August 3, 2026 (61st AGM)

Parties Involved

  • Regulators: SEBI, Competition Commission of India (CCI), Hon'ble Supreme Court of India, Hon'ble High Court of Punjab & Haryana, Hon'ble Securities Appellate Tribunal (SAT)
  • Auditors: S.R Batliboi & Co. LLP
  • Subsidiaries/JVs/Associates: The consolidated results include 83 subsidiaries/partnership firms, 2 associates, and 18 joint ventures/joint operations, as listed in Annexure I (e.g., DLF Cyber City Developers Ltd., DLF Home Developers Ltd.).

Financial / Operational Impact

Explicitly Stated Impacts:

  • Dividend outflow of ₹1,979.99 crores as seen in the standalone cash flow from financing activities.
  • The amalgamation of 16 transferor companies with DLF Limited was approved by the Hon'ble NCLT, Chandigarh Bench, on January 14, 2026, and has been accounted for (Note 8).

Contingent Exposures (Emphasis of Matter):

The auditor's report includes an Emphasis of Matter paragraph drawing attention to significant ongoing litigations:

1. CCI Penalty: A penalty of ₹630 crores imposed by CCI for unfair trade practices, upheld by COMPAT. The company has appealed to the Supreme Court and deposited ₹630 crores under protest. This amount is shown as a recoverable in the books.

2. Punjab & Haryana HC Order: Judgments cancelling sale deeds/removal of structure for two IT SEZ/IT Park projects in Gurugram. The company has filed SLPs in the Supreme Court, which has stayed the operation of the impugned judgments.

3. SEBI Matter: SEBI had imposed restrictions and penalties on the company, some directors, officers, and three subsidiaries. SAT quashed SEBI's order. SEBI's appeal is pending in the Supreme Court. Penalties imposed in a related February 2015 order have been disposed of by SAT with a direction that they stand revived only if SEBI's civil appeal is successful.

4. Consolidated Specific: A subsidiary has outstanding trade receivables of ₹396.86 crores from customers, which is sub-judice. Management believes the amount is fully recoverable.

Based on external legal advice, management believes there is a strong likelihood of succeeding in these matters and has not made any adjustments in the financial results.

Capital Structure Impact

  • The paid-up equity share capital remained unchanged at ₹495.06 crores (face value ₹2 per share).
  • The amalgamation of 16 companies (Note 8) has impacted the capital structure and comparative figures.

Cash Flow Implications - Standalone (H1 FY27)

  • Net cash from operating activities: ₹2,941.29 cr
  • Net cash used in investing activities: (₹2,019.12) cr
  • Net cash used in financing activities: (₹1,989.03) cr (primarily dividend payment of ₹1,979.99 cr)
  • Net decrease in cash and cash equivalents: (₹1,066.86) cr

Forward-Looking Guidance

No explicit forward-looking guidance or management commentary was provided in the document.