DLF Q2 profit down 15%, revenue falls 17% despite sales performance

DLF reported a 15% year-on-year decline in Q2 FY26 net profit to Rs 1,180.09 crore, attributed to increased tax expenses. Revenue fell 17% to Rs 1,643 crore despite higher new sales bookings of Rs 4,332 crore, driven by a successful launch in Mumbai. EBITDA rose 27% to Rs 902 crore, with a margin of 40%. The company maintains a strong cash position of Rs 7,717 crore and continues to focus on enhancing its balance sheet. DLF's annuity business shows improvement with a 94% occupancy rate.