The company also turned gross debt-free for the first time since its initial public offering (IPO) in 2007.
EBITDA for the quarter stood at Rs 849 crore, higher by 39% from the Rs 609 crore reported in same period last year. Margins for the quarter came in slightly lower at 34% in Q3, however, the decline was more prominent sequentially, falling 6%. Strong operating performance resulted in a robust net operating cash surplus of Rs 3,876 crore, translating into a healthy net cash position of Rs 11,660 crore.
New sales bookings during the quarter stood at Rs 419 crore, driven by healthy monetisation of the launched inventory (excluding The Dahlias). The company remains confident of achieving its annual guidance and will continue to introduce new product offerings in line with its stated medium-term strategy.
The annuity business continued to deliver healthy and consistent growth. During Q3FY26, consolidated revenue of DLF Cyber City Developers Limited (DCCDL) stood at Rs 1,878 crore, while EBITDA was Rs 1,464 crore, marking a year-on-year growth of 18%. Consolidated profit for the quarter came in at Rs 707 crore.
The company’s gross collections in the December quarter were at a record level of Rs 5,100 crore. Its collections for the nine months of FY26 were higher than the entire FY25.
Cumulative net collections for the nine-month period reached Rs 10,216 crore, reflecting a solid 21% year-on-year growth. The surplus cash generation of Rs 3,876 crore during the quarter enabled the successful achievement of the company’s stated objective of reaching a zero gross debt level.New sales bookings during the quarter stood at Rs 419 crore, driven by healthy monetisation of the launched inventory (excluding The Dahlias). The company remains confident of achieving its annual guidance and will continue to introduce new product offerings in line with its stated medium-term strategy.
ICRA upgraded DLF’s credit rating to AA+/Stable, underscoring the company’s strong financial position and consistent business execution.
Further strengthening its annuity portfolio, the company added another retail asset—DLF Summit Plaza in DLF5, Gurugram—taking the cumulative retail presence to approximately 5 msf. The company remains committed to expanding its annuity portfolio, supported by an operational portfolio of around 49 msf, along with under-construction assets and a strong identified future pipeline, which is expected to drive sustained and consistent growth.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)