DLF Ltd reported a 94.25% drop in new sales bookings to ₹657 crore in the April-June quarter, compared to ₹11,425 crore in the same period last year, as the company deferred fresh project launches. The Gurugram-based real estate developer's revenue from operations also declined 52.8% to ₹1,280.34 crore, while net profit rose 3.9% to ₹794 crore, according to livemint.com.
The sharp decline in sales bookings was primarily due to the absence of new project launches, which typically drive sales momentum. Last year's quarter had seen strong sales from luxury projects like DLF Privana North in Gurugram. The company’s revenue from operations fell significantly as a result of the slowdown in bookings, but net profit increased slightly, reflecting cost management and other operational factors, livemint.com reported.
This steep fall in sales bookings highlights the challenges facing DLF amid a cautious market environment and delayed project rollouts. The real estate sector often relies on new launches to sustain sales growth, and the 94% drop marks a significant contraction compared to the previous year. DLF’s performance contrasts with some peers who have maintained steadier sales through ongoing launches and marketing efforts, underscoring the impact of launch timing on quarterly results.
DLF’s next quarterly earnings report will provide further insight into whether the company resumes project launches and sales growth. The company’s net profit of ₹794 crore in Q1 2026 indicates some resilience despite the booking slump, as detailed in the Q1 results published by livemint.com.