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DLF sticks to ₹20,000 crore target despite weak Q1 results
DLF is a big company in India that builds homes.
In the first three months of this financial year, it sold much less than it did a year before.
That happened because the company did not start selling any brand-new projects during that time.
DLF says this is just a timing issue, not a sign that people have stopped wanting homes.
So the company is sticking to its big goal of selling ₹20,000 crore worth of homes this year.
A special luxury project in Goa is almost ready, but a court case is delaying it.
That project could bring in around ₹2,000 crore, which is about ten percent of the yearly goal.
DLF is also starting something new: homes for older people in Gurugram.
Even though sales were slow, the company still made more profit than last year.
DLF reaffirmed its FY27 pre-sales guidance of ₹20,000 crore despite Q1 pre-sales falling 94% year-on-year to ₹657 crore.
The company's luxury residential project in Goa, delayed by an ongoing public interest litigation, is expected to launch during the current financial year with an estimated contribution of around ₹2,000 crore.
DLF announced entry into the senior living segment with a project in Sector 63, Gurugram, spread over nearly 5 lakh sq. ft., with estimated revenue potential of around ₹2,000 crore.
Consolidated net profit rose 4% year-on-year to ₹794 crore for the June quarter, while revenue declined due to lower project execution.
Nearly 65% of the inventory at DLF's ultra-luxury project The Dahlias in Gurugram has been sold, with apartments priced over ₹1 lakh per sq. ft. and 25-30% of buyers coming from outside the National Capital Region.
- Who
- DLF and its top executives, including Managing Director Ashok Tyagi and Joint Managing Director and Chief Business Officer Aakash Ohri.
- What
- DLF reaffirmed its ₹20,000 crore FY27 pre-sales guidance despite a 94% year-on-year fall in Q1 pre-sales, awaits the launch of its Goa luxury project, and announced its entry into the senior living segment in Gurugram.
- Where
- India — Goa for the luxury project, and Sector 63, Gurugram (Golf Course Extension Road) for the senior living project.
- When
- Q1 FY27 (June quarter), with the Goa project expected to launch during the current financial year.
- Why
- Q1 pre-sales fell sharply due to the absence of new launches during the quarter; DLF attributed the slowdown to timing rather than weaker demand.
Developer's perspective
Legal challenge perspective
Goa luxury project launch
Developer's perspective
DLF says the Goa project has received all required approvals and drawn strong customer interest, and expects to launch it during the current financial year with an estimated contribution of around ₹2,000 crore.
Legal challenge perspective
An ongoing public interest litigation (PIL) has delayed the Goa project, and DLF has chosen not to open bookings until there is complete legal clarity, prioritising customer confidence.
Key facts
- Company
- DLF
- FY27 pre-sales guidance
- ₹20,000 crore (reaffirmed)
- Q1 FY27 pre-sales
- ₹657 crore (down 94% year-on-year)
- Q1 consolidated net profit
- ₹794 crore (up 4% year-on-year)
- Goa project estimated contribution
- Around ₹2,000 crore (~10% of FY27 guidance)
- Senior living project location
- Sector 63, Gurugram, Golf Course Extension Road
- Senior living project size
- Nearly 5 lakh sq. ft.
- The Dahlias inventory sold
- Nearly 65%, priced over ₹1 lakh per sq. ft.
Sources
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