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DLF’s share price took a breather even as its Q1 results impressed on paper. Revenue nearly doubled, and profit rose by double digits, but soaring land costs trimmed margins, making investors pause. For India’s largest real estate developer, it’s a reminder that growth in this sector often comes with a price.
Q1 FY26 results at a glance
| Metric | Q1 FY26 | Q1 FY25 | YoY change |
|---|---|---|---|
| Revenue (Rs crore) | 2,716 | 1,391 | 95 per cent |
| Net profit (Rs crore) | 763 | 646 | 18 per cent |
| EBITDA margin (%) | 28 | 51 | - 23 bps |
Why the mixed reaction?
- Premium housing boom: Strong demand for high-end projects continues to drive revenue growth.
- Land cost surge: Land acquisition costs nearly tripled YoY, eroding profitability despite robust topline gains.
The bottom line
DLF’s Q1 numbers show its growth engine is running, but costs and margins could dictate short-term stock moves. For investors chasing steady wealth compounding, this is a stock to track, not trade impulsively.
About the company
DLF Ltd (Delhi Land & Finance), headquartered in Gurugram, is India’s largest listed real estate company. It develops premium residential complexes, commercial offices, shopping malls and hospitality assets such as The Lodhi Hotel and Hilton Garden Inn.
Should DLF be a part of your portfolio?
Quarterly results and short-term dips often dominate headlines, but wealth-building comes from staying invested in businesses with proven scale and fundamentals.
If you’re looking for stocks with such compounding potential, Value Research Stock Advisor handpicks companies like DLF based on quality and long-term resilience, helping you cut through market noise and invest with conviction.
Disclaimer: This article was crafted with the aid of artificial intelligence and meticulously reviewed and edited by our human experts to ensure accuracy and provide valuable insights. It's intended for informational purposes only. We encourage you to conduct your own thorough research before making any investment decisions.
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