DLF Revenue History — Quarter by Quarter

DLF's revenue moved from ₹1,423 Cr in Q1 FY24 to ₹1,814 Cr in Q4 FY26, a 27.5% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹1,814 Cr	—
Q3 FY26	₹2,020 Cr	+43%
Q1 FY26	₹2,717 Cr	—
Q4 FY25	₹3,128 Cr	—
Q3 FY25	₹1,529 Cr	—
Q2 FY26	₹1,643 Cr	—
Q2 FY25	₹1,975 Cr	—
Q1 FY25	₹1,362 Cr	—
Q4 FY24	₹2,135 Cr	—
Q3 FY24	₹1,521 Cr	—
Q2 FY24	₹1,348 Cr	—
Q1 FY24	₹1,423 Cr	—

What management said about revenue

Q4 FY26 · FY27 sales guidance of ~₹20,000 crore

Management expects to maintain the current sales trajectory of approximately ₹20,000 crore for FY27, with potential upside if demand remains strong.

Q4 FY26 · Launch pipeline of ₹20,000 crore for FY27

DLF plans to launch projects worth about ₹20,000 crore in FY27, including DLF City phase (₹8,000-9,000 crore), Arbor senior living, and next phases of West Park and Das.

Q4 FY26 · Rental business mid-teens NOI CAGR over 4-5 years

DCCDL expects mid-teens growth in NOI and 20-25% CAGR in PAT over the next 4-5 years, driven by new mall and office completions.

Q4 FY26 · Dividend increased to ₹8 per share (33% YoY growth)

Board recommended a dividend of ₹8 per share for FY26, representing a 33% increase over the previous year, reflecting strong cash flows.

Q3 FY26 · FY26 sales guidance maintained at ~INR 20,000 crore

Management reiterated confidence in achieving the original sales guidance for the fiscal year, despite a slow Q3.

Q3 FY26 · FY27 rental income forecast of INR 7,400-7,500 crore

Annuity business income is expected to grow to INR 7,400-7,500 crore in FY27 from ~INR 6,400 crore in FY26.

Q3 FY26 · Collections growth of 10-15% YoY

Management indicated that annual collections should grow by 10-15% year-over-year on a sustainable basis.

Q1 FY26 · FY26 pre-sales target of INR 20,000-22,000 crore

Management confirmed the pre-sales guidance for FY26 remains secure, with INR 11,435 crore already achieved in Q1 and Mumbai launch contributing further.

Q1 FY26 · Dahlias experience center launch in March-April 2026

The formal launch of Dahlias with the experience center is scheduled for March-April 2026, though pre-launch sales continue.

Q1 FY26 · Mumbai Phase II launch in ~12 months

Next phase of Mumbai project (1.2 million sq ft) expected to be ready for launch in approximately 12 months after slum rehab construction.

Q4 FY25 · Pre-sales guidance of INR 20,000-22,000 crore for FY26

Management expects to sustain similar sales levels as FY25, with potential upside from strong demand.

Q4 FY25 · Exit rentals for RentCo at INR 6,700 crore by FY26

Rental income run-rate by end of FY26, with further jump in FY27 as new assets contribute full year.