Mumbai — DLF Limited reported a sharp decline in first-quarter revenue, even as the real estate company posted modest growth in profit for the three months ended June 30.
Consolidated revenue fell 52.9% year over year to Rs 1,280 crore in the first quarter of fiscal 2027, compared with Rs 2,717 crore in the same period a year earlier, according to a regulatory filing.
Net profit rose 4.1% to Rs 794 crore from Rs 763 crore in the corresponding quarter of fiscal 2026.
The drop in revenue weighed heavily on operating performance. Earnings before interest, taxes, depreciation and amortization fell 58.9% to Rs 150 crore from Rs 364 crore a year earlier.
DLF’s EBITDA margin narrowed to 11.7% from 13.4% in the year-ago quarter.
Despite the weaker operating results, DLF shares closed 1.4% higher at Rs 668.55 on the National Stock Exchange on Monday. The stock slightly underperformed the benchmark Nifty index, which gained 1.6%.
The shares opened at Rs 668.25, compared with the previous close of Rs 659.30, and traded between Rs 660.60 and Rs 670.90 during the session.
DLF shares have traded between a 52-week low of Rs 489.40 and a high of Rs 798.80. The stock is down about 14% over the past year.
The company has a market capitalization of about Rs 1.94 lakh crore and a price-to-earnings ratio of 92.11.
Addressing DLF’s 61st annual general meeting, Chairman Rajiv Singh said the company’s development and annuity businesses remain focused on growth and expansion.
“We remain confident of achieving our business goals, while maintaining a cautious eye on the overall macroeconomic developments,” Singh said.
“Under the visionary leadership of our Prime Minister Narendra Modi, the Indian economy has maintained stability through intense global turbulence. Today, India continues to shine brightly as a resilient beacon of growth on the world stage,” he added. (Source: IANS)
