Motilal Oswal has maintained its positive outlook on DLF , reiterating a BUY rating with a target price of ₹993. The brokerage firm highlighted the real estate developer's strong performance in the luxury residential segment and robust growth prospects.

Strong Luxury Residential Portfolio Performance

The research report emphasizes DLF's exceptional traction in luxury residential development launches. Gurugram has emerged as a significant hub for ultra-luxury housing, where DLF maintains a dominant market position. This strategic positioning has enabled the company to capitalize on the growing demand for premium residential properties in the region.

Growth Projections and Financial Outlook

Motilal Oswal projects strong growth momentum for DLF across multiple financial metrics:

The brokerage highlighted several key strengths supporting the positive outlook:

• Sizable land bank enabling stable growth trajectory
• Net cash balance sheet providing financial flexibility
• Rising rental income contributing to revenue diversification
• Declining debt profile improving financial health

Comprehensive Valuation Framework

Motilal Oswal's detailed valuation analysis breaks down DLF's business components systematically:

The NAV calculation incorporates the projected FY26E net cash position of ₹43 billion, including DCCDL contributions, resulting in a comprehensive valuation of ₹2,457 billion.

Market Position and Strategic Advantages

DLF's competitive advantages stem from its established presence in the luxury residential segment and strategic land holdings. The company's portfolio positioning in Gurugram's ultra-luxury market provides significant growth opportunities as demand continues to strengthen in this segment.

The combination of strong presales growth projections, healthy financial metrics, and strategic market positioning supports Motilal Oswal's continued confidence in DLF's prospects, leading to the reiterated BUY recommendation with the ₹993 target price.

DLF Limited has announced a comprehensive schedule for its third quarter fiscal year 2026 financial results disclosure. The company will hold its Board of Directors meeting on January 22, 2026, followed by an investor and analyst earnings call on January 23, 2026.

Board Meeting and Financial Results Approval

The Board of Directors will convene on January 22, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will address both standalone and consolidated financial statements for the quarter and nine months ended December 31, 2025.

Earnings Call Schedule

Following the board meeting approval, DLF will conduct an investor and analyst call on Friday, January 23, 2026, at 16:00 hrs (IST). The earnings call will focus on discussing the unaudited financial results and providing business outlook insights to stakeholders.

Regulatory Compliance

Both announcements have been made in accordance with Regulation 29 and Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Limited and the National Stock Exchange of India Limited through official correspondence dated January 16, 2026, and January 19, 2026, respectively.

Trading Window Restrictions

In compliance with insider trading regulations, DLF has implemented a trading window closure for designated persons and their immediate relatives. The restriction period began on January 1, 2026, and will continue until 48 hours after the financial results are officially declared to the stock exchanges.

Contact Information

For any stock exchange-related clarifications, the company has designated two key contacts: Mr. R. P. Punjani (Company Secretary) at 09810655115 / punjani-rp@dlf.in and Ms. Nikita Rinwa at 09069293544 / rinwa-nikita@dlf.in . The announcements are available on DLF's official website at www.dlf.in and stock exchange websites.