DLF / Q1-FY26 / risks

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DLF · Material risks, their source context, and severity in the latest available quarter.

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PositiveQ1-FY26 · 2025-08-05Back to quarter ↗

Risk intelligence

Material risks this quarter

Approval delays for new projects

Delays in approvals for Goa and Delhi projects could push back launch timelines, impacting future sales growth.

medium

Lower reported gross margin due to product mix

Reported gross margin of 28% was lower due to mix, though embedded margins remain healthy. Continued mix shift could pressure near-term margins.

medium

Cash trapped in RERA accounts limits flexibility

Of INR 10,500 crore cash, INR 8,000 crore is locked in RERA accounts, restricting free cash flow for dividends or acquisitions until project completion.

medium

Potential GIC exit from DCCDL

Analyst asked about GIC's exit plans; management denied any such discussions, but partner exits could impact rental business valuation.

low