REAL ESTATE · NSE/BSE: DLF

DLF Limited Earnings Summary — Q2 FY2027

Sentiment: Positive

AI-generated summary

Generated 2026-10-22

Business Intelligence Report

DLF Limited Q2 FY2027 results: Profit up +10.3% YoY; revenue fell -23.3% YoY; OPM 1.8%.

Quarterly Business Intelligence

Q2 FY2027

Financials from Financial Intelligence · data as of 2026-09-30

Revenue

₹1,261 Cr

QoQ -1.5%YoY -23.3%

Net Profit

₹1,301 Cr

QoQ +63.9%YoY +10.3%

Operating Profit

₹23 Cr

QoQ -84.7%YoY -91.9%

Operating Margin

1.8%

QoQ -991 bpsYoY -1543 bps

AI Quarterly Scorecard™

/ 100

Weak

Revenue Momentum29

Profit Growth90

Margin Expansion2

Growth Consistency46

Operating Efficiency0

Financial Stability31

Computed deterministically from the last 10 reported quarters.

Quarterly Business Momentum

Revenue & Growth

Revenue declined 1.5% sequentially in Q2 FY2027.
Revenue of ₹1,261 Cr is 23.3% lower year-on-year.
Revenue has compounded at -3.4% annualised over the last 10 quarters.

Profitability

Net profit of ₹1,301 Cr is 10.3% above the same quarter last year.
Profit growth is outpacing revenue growth, pointing to positive operating leverage.
Net profit has compounded at 36.6% annualised across the period.

Margins

Operating margin stands at 1.8% in Q2 FY2027.
Operating margin compressed by 1543 bps year-on-year.
Over the last two years operating margin has contracted by 2359 bps.
PBT margin is 79.6%.

Operating Efficiency

Expenses grew -9.0% against revenue growth of -23.3%.
Operating profit of ₹23 Cr is 91.9% lower year-on-year.
Operating leverage has been under pressure recently.

Overall Momentum

2 of the last 6 measured quarters delivered year-on-year revenue growth.
Overall quarterly business momentum scores 33/100 (Weak) on the latest 10 quarters.
Business momentum has softened and warrants monitoring.

Quarterly Financials

Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %

Metric	Trend	Latest Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Revenue	Improving	1,261	1,280	1,814	2,020	1,643	2,717	3,128	1,529	1,975	1,362
Expenses	Improving	1,238	1,130	1,403	1,630	1,359	2,353	2,150	1,129	1,473	1,134
Operating Profit	Volatile	23	150	411	390	284	364	978	400	502	229
Operating Margin	Softening	1.8%	11.7%	22.6%	19.3%	17.3%	13.4%	31.3%	26.2%	25.4%	16.8%
Other Income	Volatile	1,037	325	308	399	854	264	220	-94	206	367
Interest	Declining	18	18	21	36	63	79	109	94	94	101
Depreciation	Accelerating	38	35	48	30	30	34	37	39	38	37
Profit Before Tax	Volatile	1,003	423	649	723	1,045	515	1,053	174	577	458
Tax	Volatile	201	115	-92	-7	276	133	181	-267	-467	118
Net Profit	Volatile	1,301	794	1,269	1,203	1,180	763	1,282	1,059	1,381	646
Net Margin	Volatile	103.2%	62.0%	69.9%	59.6%	71.8%	28.1%	41.0%	69.3%	69.9%	47.4%

Source: Financial Intelligence (Structured Quarterly Data)•Latest Quarter: Q2 FY2027•Figures in ₹ Crore • Margins in %•Automatically updated from Financial Intelligence · 2026-09-30