DLF shares rise as realty major turns gross debt positive for first time since IPO

DLF shares rise in trade.

DLF shares rose in early trade on Friday after the realty major said it has turned gross debt-free for the first time since its initial public offering in 2007. The company has achieved a zero gross debt position at the residential business level.

Shares of the company opened higher at Rs 620 per share on the NSE, up 1.09 percent.

DLF on Thursday reported a 14 percent increase in consolidated net profit to Rs 1,203.36 crore for the December quarter of the current fiscal, aided by higher income. It said the company has achieved zero gross debt.

According to a regulatory filing, DLF’s consolidated net profit rose to Rs 1,203.36 crore in the October-December quarter from Rs 1,058.73 crore in the year-ago period. Total income increased to Rs 2,479.54 crore from Rs 1,737.47 crore a year earlier.

India’s largest real estate firm reported sales bookings of Rs 419 crore during the third quarter of this fiscal, sharply lower than the record pre-sales of Rs 12,039 crore in the corresponding period last year.

DLF Q3FY26 Results: Net profit rises 13.6% YoY to Rs 1,203 crore

During the first nine months of the current fiscal, DLF’s net profit increased to Rs 3,146.12 crore from Rs 3,084.62 crore in the year-ago period. Total income during April-December stood at Rs 7,722.22 crore, up from Rs 5,648.12 crore a year ago.

In the 2024-25 fiscal, DLF had posted a net profit of Rs 4,366.82 crore on a total income of Rs 8,995.89 crore.

The company has guided for sales bookings of Rs 20,000-22,000 crore during the current fiscal.

Meanwhile, brokerage firm Jefferies has maintained a positive outlook on the stock, projecting a 62.7 percent potential upside from its previous close. Jefferies is among eight brokerages that expect the stock to cross the Rs 1,000 level over the next 12 months.

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