Shares of DLF declined 2% to Rs 649 on the BSE on Tuesday after the real estate major reported a muted quarterly performance in the April-June period of FY27, with brokerages retaining their ‘Buy’ calls as they expect the launch momentum to begin from the ongoing Q2 onwards.
DLF on Monday reported a consolidated net profit of Rs 794 crore for the first quarter of FY27, marking only 4% year-on-year growth from the Rs 763 crore reported in the corresponding quarter of the previous financial year. The firm’s revenue from operations meanwhile tumbled 53% YoY to Rs 1,280 crore in Q1 of the ongoing FY27, from Rs 2,717 crore reported in the same period last year.
