DLF Limited (DLF) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Cofacto Research Published October 11, 2026 4 min read

Quick Details

Results date	October 16, 2026
Quarter	Q2 FY 2026-2027
Previous quarter revenue	Rs. 1,280 crore
Previous quarter PAT	Rs. 794 crore (after JV profits and exceptional items, up 4% YoY)
Market cap	Rs. 160,548.72 Cr
CMP	Rs. 648.6

DLF Limited Q2 Results Date and Time

The board was scheduled to meet on October 16, 2026, to approve standalone and consolidated results for the quarter and half year ended September 30, 2026. The trading window was closed from October 1 until 48 hours after the results declaration.

Key Things To Watch

FY27 sales bookings against the Rs. 20,000 crore target: Q1FY27 bookings were Rs. 657 crore, reflecting the deferred Aureva launch.

Update on progress against the reaffirmed Rs. 20,000 crore FY27 sales target, with Q1FY27 bookings at Rs. 657 crore and no target-to-date phasing schedule disclosed
Launch calendar for the H2 pipeline, including Hamilton Court, Arbour 2 and the next Privana phase, and the share of the pipeline with approvals in hand
Whether Goa's roughly Rs. 2,000 crore contribution (about 10% of guidance if included) needs replacing by other launches

Goa approvals and PIL status: Management said it had approvals but would wait for PIL clarity before accepting customer payments.

Status of the Goa Public Interest Litigation, including the Supreme Court order halting tree felling at the Dabolim project, and any formal revision to the launch timeline

Aureva recognition and Dahlias trajectory: The Aureva sold out for about Rs. 1,985 crore on October 4.

The period in which Aureva bookings of about Rs. 1,985 crore and related collections will be recognised
Q2 booking velocity at Dahlias and the finalised redesign cost impact, which management said would materially increase construction costs

Rental portfolio leasing and FY27 rental income: The FY27 rental-income projection is Rs. 7,300-7,500 crore, with the Q1 summary labelling it 'exit rentals'.

Clarification on whether the Rs. 7,300-7,500 crore guidance is full-year rental income or an exit run rate
Leasing and commissioning updates on Downtown Gurgaon Phase 2 (about 40% pre-leased), Downtown Chennai Phase 2 (17%-18% pre-leased), Atrium Place, Summit Plaza and the Goa mall (64% leased, with leasing expected to exceed 85%-90% in six to eight weeks)

RERA cash unlocking, capital allocation and FY28 margin inflection: Net cash stood at Rs. 15,200 crore at Q1FY27 end, including Rs. 11,215 crore in the RERA 70% account.

Update on the expected FY27-FY28 RERA unlocking period and allocation among shareholder returns, annuity-business capex and land investment
Progress measures on the approximately Rs. 10,000 crore medium-term rental-income objective and the projected portfolio of approximately 76 msf
How large products such as Arbour contribute to the stated FY28 inflection point and approximately Rs. 39,000 crore gross-margin potential

Frequently Asked Questions

How much of DLF's FY27 sales target depends on the Goa project?

Management said Goa would represent about Rs. 2,000 crore, or roughly 10% of the Rs. 20,000 crore FY27 sales guidance if included. It also said it expected to meet the broad FY27 guidance even if Goa were delayed.

Does DLF give dividend guidance?

Management said DLF does not provide dividend guidance, though it described a history of dividend growth. It noted about two-thirds of the dividend is driven by Cyber City's dividend to DLF.

What did DLF say about unlocking cash stuck in RERA accounts?

Management said a large part of DLF's net cash remained in RERA balances and expected unlocking from FY27-FY28 onwards. It identified shareholder returns, annuity-business capex and growth as its capital-allocation priorities.

Is DLF on track with its FY27 sales bookings guidance?

Management reaffirmed the Rs. 20,000 crore FY27 sales target, but Q1FY27 bookings were Rs. 657 crore, which management attributed partly to the deferred Aureva launch. The Q4FY26 call summary had described Rs. 5,000-6,000 crore from Dahlias and Rs. 13,000-14,000 crore from the broader launch pipeline.