DLF Limited held its Board of Directors meeting on May 13, 2026, approving the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published extracts of these audited financial results in newspapers on May 14, 2026. The Board recommended a final dividend of ₹8 per equity share of face value ₹2 each (400%) for FY 2025-26, subject to shareholder approval. The auditor's reports for both standalone and consolidated results carry unmodified opinions.

Consolidated Financial Performance

DLF's consolidated results for the year ended March 31, 2026 reflect steady earnings growth. On a quarterly basis, Q4 EBITDA stood at ₹4.10 billion with an EBITDA margin of 22.60%, compared to an EBITDA margin of 31.30% in Q4 FY25, reflecting a year-on-year contraction in operating profitability. The following table presents the key consolidated financial metrics, including sequential Q3 FY26 figures:

Share of profit in associates and joint ventures for FY26 stood at ₹1,792.83 crore, compared to ₹1,672.31 crore in FY25. Total consolidated assets as at March 31, 2026 stood at ₹74,874.77 crore, against ₹69,475.37 crore as at March 31, 2025. Total equity attributable to owners of the Holding Company was ₹45,473.37 crore as at March 31, 2026.

Standalone Financial Performance

On a standalone basis, DLF reported strong profitability driven by higher revenues and other income. Key standalone financials, including sequential Q3 FY26 figures, are presented below:

Standalone total assets as at March 31, 2026 stood at ₹49,772.27 crore, compared to ₹43,689.85 crore as at March 31, 2025. Total standalone equity was ₹31,587.78 crore. Cash and cash equivalents on a standalone basis improved to ₹1,783.66 crore from ₹194.16 crore at the end of the previous year. Net cash flow generated from standalone operating activities for FY26 was ₹6,072.92 crore, against ₹4,687.95 crore in FY25.

Consolidated Cash Flow Highlights

On a consolidated basis, net cash flow from operating activities for the year ended March 31, 2026 was ₹6,347.37 crore, compared to ₹5,235.24 crore in FY25. Net cash flow from investing activities was ₹721.10 crore, while net cash used in financing activities was ₹(5,546.82) crore. Consolidated cash and cash equivalents at year end stood at ₹2,273.22 crore, up from ₹751.51 crore at the beginning of the year.

Exceptional Items and Key Developments

During the year, consent terms were executed in a long-standing dispute involving Twenty Five Downtown Reality Limited (formerly Joyous Housing Limited). Pursuant to a consent award, the company reversed a previously charged impairment loss of ₹235.19 crore as exceptional income, while ₹411.72 crore was recognised as other income. The company has already received ₹251.10 crore out of the total settlement amount of ₹801.00 crore, with the outstanding balance secured by a mortgage over residential real estate units of a RERA registered project. Additionally, the Group accounted for the incremental impact of four new Labour Codes notified by the Government of India, amounting to ₹32.27 crore (consolidated) and ₹20.75 crore (standalone), disclosed as exceptional items.

Corporate Restructuring and Credit Ratings

The Hon'ble NCLT, Chandigarh Bench, approved a Scheme of Amalgamation on January 14, 2026, merging 16 transferor companies—including Aaralyn Builders & Developers Private Limited, DLF Universal Limited, and others—with DLF Limited. Separately, Bhamini Real Estate Developers Private Limited and DLF Urban Private Limited were merged with DLF Home Developers Limited effective February 13, 2026, and eight entities were amalgamated with Highvista Buildcon Private Limited effective February 18, 2026. On the credit front, CRISIL upgraded DLF's long-term rating to CRISIL AA+/Stable (from CRISIL AA/Positive) and reaffirmed the short-term rating at A1+. ICRA also upgraded the long-term rating with the outlook revised to Stable from Positive, and reaffirmed the short-term rating at A1+.

Key Litigations

Several material legal matters remain pending. The Competition Commission of India (CCI) had imposed a penalty of ₹630.00 crore on the company, upheld by the Competition Appellate Tribunal; the company's appeal is pending before the Hon'ble Supreme Court of India, with ₹630.00 crore deposited under protest. Orders cancelling sale deeds of land relating to two IT SEZ/IT Park projects in Gurugram (~56 acres) have been stayed by the Supreme Court pending final disposal. A SEBI matter arising from a Show Cause Notice issued in 2013 also remains pending before the Supreme Court, with the SAT's favourable order of March 2015 having been challenged by SEBI. Additionally, a subsidiary has outstanding trade receivables of ₹396.86 crore from customers that are sub-judice, with management confident of full recovery.

DLF Limited has informed the stock exchanges that the audio/video recording of its earnings webcast held on Thursday, 14 May 2026 at 16:00 Hrs. (IST) is now accessible on the company's official website. The disclosure pertains to the Audited Financial Results — both Standalone and Consolidated — for the Quarter and Financial Year ended 31 March 2026.

Regulatory Disclosure Under SEBI Regulation 30

The communication was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both BSE Limited and the National Stock Exchange of India Limited, fulfilling the company's listing obligations regarding timely dissemination of investor communications.

Earnings Call Recording Details

The key details of the earnings call disclosure are as follows:

The recording is available on the company's website at the following link: https://www.dlf.in/qu-result/Q4-fy26-DLF-Earnings-Call-14th-May.mp4

Contact Information for Stock Exchange Clarifications

For any clarifications related to this filing, the company has designated the following contacts:

• R. P. Punjani (Company Secretary) — 09810655115 / punjani-rp@dlf.in
• Ms. Nikita Rinwa — 09069293544 / rinwa-nikita@dlf.in

The filing was digitally signed by R. P. Punjani, Company Secretary, on 14 May 2026.