Interim report
Page 1
DLF LIMITED DLF Gateway Tower, R Block, DLF City Phase – III, Gurugram – 122 002, Haryana (India) Tel.: (+91-124) 4396000, investor-relations@dlf.in Regd. Office: DLF Shopping Mall, 3rd Floor, Arjun Marg, DLF City, Phase-I, Gurugram -122 002, Haryana (India) CIN: L70101HR1963PLC002484; Website: www.dlf.in 3rd August 2026 The General Manager Dept. of Corporate Services BSE Limited P.J. Tower, Dalal Street, Mumbai – 400 001 The Vice-President National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra(E), Mumbai – 400 051 Sub: Outcome of Board Meeting Dear Sir/ Madam, The Board of Directors of the Company at its meeting held today i.e. Monday, 3rd August 2026 has considered and approved the Un -audited Financial Results (Standalone and Consolidated) for the Quarter ended 30 th June 2026. A copy of the said results (Standalone and Consolidated) along with the Limited Review Reports are enclosed herewith in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting of the Board of Directors commenced at 14.00 Hrs. and concluded at 16.00 Hrs. This is for your kind information and record please. Thanking you, Yours faithfully, For DLF Limited R. P. Punjani Company Secretary Encl.: As above For Stock Exchange’s clarifications, please contact:- Mr. R. P. Punjani – 09810655115/ punjani-rp@dlf.in Ms. Nikita Rinwa – 09069293544/ rinwa-nikita@dlf.in
Page 2
S.R Baruaor a Co. LLP 4th Floor, Off ce 405 world Mark 2, Asset No.8 lcl Airport Hospitality District, Aerocity New Delhi ' 110 037. lndia re : +91 11 4681 9500 Chartered Accountants Review Report to The Board of Directors DLF Limited We have reviewed the accompanying statement of unaudited standalone financial results of DLF Limited (the "Company") which includes 4 partnership firms for the qua rter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the C0mpany pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34, (lnd AS 34) "lnterim Financlal Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our Teview. We conducted ouT review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of lnterim Financial lnformation Performed by the tndependent Auditor of the Entity" issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financialand accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assuTance that we would become aware of all signiflcant matters that miqht be identified in an audit. Accordingly, we do not express an audit opinion. Eased on our Teview conducted as above and based on the consideration of the review of other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid lndia n Accounting Standards ('lnd AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 1 2 3 4 5 (i) Emphasis of Matter Paragraph We draw dttention to Note no. 5 (a), (b) and (c) to the statement which describes the uncertainty relating to outcome of following lawsuits filed against the Company: a) ln a complaint filed against the Company relating to imposing unfair conditions on buyers, the Competition Commission of lndia (CCl) has lmposed a penalty of Rs.630.00 crores on the Company which was upheld by Competition Appellate Tribuna . The Company has filed an appeal which is currently pending with Hon'ble Supreme Court of India and has deposited Rs. 630.00 crores under protest as per direction of the Hon'ble Supreme Court of lndia. b) ln a writ filed with Hon'ble High Court of Punjab and Haryana, the Company, one of its subsidiary and a joint venture Company have received judgements cancelling the sale deeds of land/ remova of structure relating to two lT SEZ/ lT Park Projects in Gurugram. The Company, its subsidiary and joint venture company filed Special Leave petitions (SLps) s R 8at ibor & co. LLP a L m,led Liabltity Pa.lne6hp with LLptdentitv No. AA8.4294 Regd o,fr.e:22, cam.c skeet, 3ro.N a lrd Ftoo/ turrata 7oo 016 lndependent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regu lat ions, 2015, as amended
Page 3
challenginq the orders which is currently pending with Hon'bie Supreme Court of lndia. Hon'ble Supreme Court of lndia has admitted the matters and stayed the operation of impugned ludgements till further orders in both the cases. ICA LF irm \\ r'n Vtkai qr@rrs rlton n um ber Charter.d accountants per ehra Partner f,4embership No.: 09442 1 UDIN: z6cqqqr-l SN A 7 il lOEl The the 6 c) Securities and Exchange Board of lndia ('SEBI') in a complaint filed against the Company, imposed certain restrictions on the Company. The Company had received a favorable order against the appeal in said case from Securities Appellate Trlbunal ('SAT'). SEBI, subsequently, has filed a statutory appeal which is currently pending before Hon'ble Supreme Court of lndia. SEBI has also imposed penalties upon the Company, some of its directors, officers, its three subsidiaries and their directors which has been disposed off by SAT with a direction that these appeals will stand automatically revived upon disposal of civil appeal filed by SEBI against aforementioned SAT judgement. Based on the advice of the external legal counsels, no adjustment has been considered in these standalone financial results by the manaqement in respect of above matters. Our conclusion is not modified in respect of these matters. The accompanying Statement of quarter y interim standalone financial results and other financial information includes Company's share of net loss after tax of Rs.0.12 crores and total comprehensive loss of Rs. 0.12 crores for the quarter ended June 30, 2026 in respect of one partnership firm whose interim financial result and financial information, as considered in the Statement which have been reviewed by other auditors. The reports of such other auditors on interim financial results and other financial information of this partnership firm have been furnished to us by the management, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this partnership firm, is based solely on the reports of such other auditor. Our conclusion on the Statement is not modified in respect of the above matter. The accompanying Statement of quarterly interim standalone financial results and other information includes unaudited financial results ln respect of one partnership firm, whose interim financial results reflect net profit after tax of Rs. Nil and total comprehensive income of Rs. Nil for the quarter ended June 30, 2026 as considered in the Statement based on their unaudited interim financial results and other financial information which have not been reviewed by any auditors. These unaudited financial results and other financial information of the said partnership firm has been approved and furnished to us by the management. According to the information and explanations qiven to us by the management, these interim financial results and other financial information are not material to the Company. Our conclusion on the Statement is not modified in respect of this matter. For S.R. BATLIBOI I Co. LLP Cha rtered Acco l E300005 Gurugram Auqust 03, 2026 Place Dat e: S.R. Berusot & Co. LLP
Page 4
D[TA SAA-'I!MENfIOF UNAUDITED STANDALONE FINANCIAI RESIITS.EOR THE OUARTF:R END_ED 30 ILNE 2026 (l in crores unless othefs'ise srated) SI- NO QT'ARTI]R I]ND}JI) YEAR ENDED 30.06.2026 (Unaudited) 31.03.2026 (Audited) (refer note 2) 30.06.2025 (Llnaudited) (refcr note 8) 31.03.2026 (Auditcd) l I ll) II l l Income .t) ncvcnuc fom opcratrons b) (hh(r rnco'nc t(ii r(,r( 6) Total income Expenses al (lr)st (,t land. pl(,ts, d(\eLrpmenr nghrs, construcred propenics rnil othcrs b) lirpk,r'cc bcot 6ts cxpcnsc d1 i)ept.cirton.ud amonrsin()n crpcos( c) ()th(r exp(ns(s Total expenses Profit before exceptional items and rax (I-2) I.ixccprrrnal itcms (rcfct nott 6&7) Profit before ta-Y (3+4) Tax expenses for the per;od / yea,t b) l.\ r(hring n, (rrlici \crrs c) t)(f(rr(d tiri chrrgc/ (.r(J,t) Total tax expenses for thc period / year Net profit for the period / year (5-6) Other comprehensive (loss) a) Itcrns that will not bc rcchsificd tr pro6t.rnd Lrss b] Incomc tax rchting to itcms that urll nor bc rcclassifitrl ro protir rntl loss Total other comprehensive (loss) Total comprehensive income for the period/ year (7+8) l'nd up caurn sharc caprr,rl iricc v:luc of I 2 pcr share) ()thcr ecluin Eamings per equity sharc (face value of< 2 per sharc) (nor annualised) Bxsic ((j I),lutctl (l) t;6.r 1 lL6l 479.61 1r1.09 IO0.9t) -160 l6.t I I I9.58 392.38 E7.23 87.23 l{).91 li 9l 21.89 65.3{ (r.2sj 0..1l (0.91) 64.40 19;.06 0.26 rl.l6 t.it)7.11 1.1.18.i8 3,655.80 l()9.31r I l0..la, 8.15 I i.1; 112.9i 802.23 2,E53.57 11.53 2,868.10 161.46 2,100.61 (.2.66) 0.61 (1.ee) 2,398.65 9.7r) 9.70 .16t 8: I 1.1 llt 611.00 16 iU 81.n6 63.31 I;.11 112.16 562.42 48.58 18.5u 1ll0 il ill 9.18 39.40 i0.r5) 1l r)t (0.11) 39.29 19i 16 Ll.l6 r) l6 l.qt1 1l t.;ji tl 6,739,7 4 r,110.56 189.11 ll0 66 69.59 593.51 2,463.45 4,276.29 2tl..l5 4,490.14 109.99 i0 6-11 7 42.83 3,147 .91 (5.00) 1.26 (3.74) 3,744.11 .195.06 I,09t.71 I5.1.1 15.1.1 .t.. E- )o lp // 9IGuru,rr;m Q\ DLF Urnited Regd. Omce: Shopping Mall,3'd Floor, Ariun Ma.g, DLF Cn-v, Phasc I, Gurugram - U2 002 (Harlana), Iodia. CIN - L701011IR1963PLC002484, Website : qTN.dlf.in Tel.: +91-12+{J34200, Emai} corporateaftairsfa dlf.in PARI'ICT]t,{RS a \a/ <
Page 5
DLF^$p^ Thc abovc standalone l-inancial results of I)l ,li I-imited ('the Compaor'') have bcen tcr.ieu'ed bt the ,\udir Commitree and approved br the Board of Directors at its meeting l.reld on t)3 -\ugust 2026. 'I-he statuton auditors have carricd out Limitcd Rcviev,'of above standalone finencial rcsults of the Cornpanr. lhc trgurcs tbr thc last guarter i.e. guarter cnded 3[ Ilarch 2026 are the iralancing hgurcs bcnleen rhc auditcd tigures in rcspcct o[ the ful] tirancial \car up to ll l\Iarch 2026 and rirc unaudited publishcd \ear to d^tc t.igures up to 3l Dcccmbcr 2025. being the date of thc end of thc third quartcr oi rhc hnancial lcar s hich s erc sub jcct to Iimitcd rcvierv bv the statuton audit ors. Thcsc standalonc linancial results havc been prepared in accordance r'"idr the recognition and mcasutemcnt principles of Indiao Accountint Standards (lod ,\S) as notiijcd rrnder Scction 133 of thc (.ompanies -\ct, 2(113 read with the Ctxnpanies (lndien -\ccounting Standards) Rules. 2{)15 as amcnded. Standalone segment wise levenue, results, segment assets and liabilities .\s tl-re (,ompanr is in proccss ,,i commrocing ,,pcrations of scrcral tcntal gcncrating commercial/retail rcal estate propcrties lcading to increasccl relc'r'ance in the ovcrall portlcrlio, l{ental busincss (mainh' compdsing of commcrcial/re tail rcnt gencrating busincss) has been idcntificcl and rcported as a separire scllnent fiom the currcnt guarter. Irurthcr. Companr's real cstate scgmenr compdse oi all othcr real cstate development aod ancillan activities. 'I he ()peratror.ts of the Company arc domiciled in India, tl.rercfirre. thcre arc no rcportable gcogtaphical scgmcnt. Dctails oI Staodalonc segmcnt \1-isc reveouc, resulrs. asscts and liabilitics is givcn bclou-: + (#) {lapual r:mplolcd - Scgmenr asscts Srgment lialllitics 6 Ie olO LI \\\ Quarter Ended Year Ended 30.M.2026 (Unaudited) 31.03.2026 (Audited) [refer note 2] 30.06.2025 (Unaudited) [refer note 8] Sl No. Paniculars 31.03.2026 (Audited) I Seqment Revenue a) Rcai Estatc bl Rtntal Total Segmenr Revenue Less: Inrer Scgnent rclenut Net Revenue from Operarions 256.9{ I8r.9{ 256.91 2,307.22 l,l10.+I 96.U 1 2,307.22 167.82 ilt2.()- 467.82 3,98{.4? 3.613.35 lr 1.11 3,984.47 Segment tesults a) Real Esratc b) Rcntal Ptofir before exceptional irems, tax and interest Lcss: Finance cosr Less : ( )rher unallrcated cxpendirure (net of income) Profit befote exceptional items and tax t:xcepnonal items (reier nore 6&-) Profit before tax 87.23 +IJ.96 87.23 l.-6-{ 0l 1,120.03 2,981-04 8.35 lll.1l 2,it53.57 l+5.1 2,868.10 9-.68 .19.63 117.31 ,t8.5u li ll 48.58 -3.51.+r 1,510.36 4,781.81 l{0.66 r6l.lJ6 4,276.29 ll l.+5 4,490.74 III Segment assets (#) a) Re:rl Estate b) R!nral c) [ ndlrcatcd assets Total assets 15,.161.20 1.615 05 {,1-li.3(r 31,239.61 ++,695.9i 1.619 il l,]r- l)l 49,772.21 39,501.0t1 1.6-1.1 I 1,".12.{r 43,910.51 l-1,695.91 l,6l9.il 3,-15i.01) 49,7?2.2s IV Segment liabilities (#) a) Rtel Lsratr, b1 Rcnral c) t nallrrcatcd Lialrrhncs Total liabilities 19.(i-5 rl t16 16 19,587.41 1-,668..() -lll..t+ 19t.35 11i,184.49 I1,166.51 lll-.50 :,109.65 14,463.66 1r,668 "tl ill.11 t9t.3l 18,r84.47 b .T M o 1. Notcs to thc Standalone Financial Results I I l{)l6-r I 1-.15 | 140.79 l.{)ll I I I I
Page 6
DLF#,^ l.,q- litisirrions a) In a complaint filecl br-liclaire/i\tagoo)ia/Patk l)lace o*rrcrs associarion against the Oompanl allcging unfair conditions on its buvers. the (irmpetition Commission of India ((-{)I) had impr)sed pcnaln of { 630.()() crorcs, rvhich is also Lrpheld bl the (-ompetirion -\ppellatc -l ribunal (C()\IP.\'I). Thc Companv had filed an appcal before Flon'ble Suprcme Oourt of Indra (Hon'ble (iourt) against thc said ordcr rvhich thc Hon'ble Coun admitted vidc its orcler dated 27.\ugusr 201-l and the Oompanl dcpositcd { 630.0() crores on Ift>n'ble Court's dircction, shorvn thc s,rme as recolcrable in the books. 'l hc Companv has Frlcd an application seeking retund inclLrding inrerest, s hich is to bc listed akrng-rvith main appeal in duc course. b) Io a matter. the Ilon'ble I ligh Court ofPunjab and Hanana passcd ordcr against the Companr. onc of its subsidiarics and a joiot renturc companl cancelling thc sale decds of land/remor-al o[construction relating to rivo 11 SllZ/ ll Park Projects in Gurugram admeasuring -56 acrcs. 'I hc said order rvas challenged bv the Companl bctbre I lon'blc Supreme Court of India and the mattcr is stared till F:rthcr ordcrs. c) 1l.rc Securitics and l-lschangc Board of India ('SIil]l') issucd a Shorv Causc Noticc (SCN) dated 25.]une 2013 to thc Companl for non-disclosurc of material infbrmation at thc time of filing Red I lcffing Prospectus in 200:. lhe SI,lllI r-idc ordcr dated 10 October 2t)l-l restrained thc Companr and its ()fficers/certain dtectors from accessing the sccur-itics market and prol.ribited thcm lrom buling, sclling or otheru,ise dcaling in sccurities, directlv or indirecth. in anr manncr, \i'hatsoe\-cr, for a period oi thrcc lears. 'fl.re (irmpanr and the said l)irectors t-rlcd appeals bclrrre thc fIon'blc Securiries .\ppellate 'l ribunal (Hon'ble S'\'l) against the aloresaid Ordcr datcd 10 Octobcr 201{.'lhe IIon'ble S.1'l ride its order dated l.l i\larch 2015 quashcd and sct aside thc order passed br- Sliill. -\gainst flon'blc S-\1's order, SIiBI frlcd an appeal r',ith thc Hon'ble Supreme (lourt of India (Hon'blc Court), s'hich stood admirtcd vidc order dated 2-1 -\pril 2015 uithout gtanting anl interim stal in iarour o[SI-BI. In ()ctobcr 2015, SIiBI 6led applications beforc tl.re Hon'ble Oourt secking, restraint on the (-ompanr', its pl>motcrs and/or dircctors lrom proceeding sith the sale of 159,699.999 (lumulative Compulsorilv Contertiblc Prefcrence Shares of DI-F Cvbcr Cin- I)evekrpers l,imited held bl the promoter group companies ro third parn- institutional investors. The said applications camc up for l.rearing beiore d.re I Ion'blc Court on J Norembcr 21115 and thc [ lon'blc Court did not pass anl ordcni rcstraining the transaction and simplv dircctcd that thc sxid appLications be listed along rvith thc carlier appeal. Sl.llll issued a SCN making allegarions similar to rhe S(lN datcd 25 June 2013. Similar SCNs s erc also is sucd to thrcc subsidiaries, thcir directors and certain other cn tities. Br rva i o f order datcd 26 Irebruan 2015, the Adjudicating Officcr, SIllll imposed monctarr pcnaltics upoo Companr', some o[ its Directors. its ersnvhile (.1]O. its three subsidiarics and their l)irectors. 1hc Companl and other parties aggrieved bl dre af<rresaid order t-rled appcals bcfore thc Hon'ble S.\'f againsr the order datcd 26 Iicbruan 2()15. \\hen thcse appcals rvcrc Jistcd beforc lloo'ble S-\T on t5 -\pril 2tll5. SLillI's counscl undcr insrmctions stated that during rhe pendeno of the said appeals. thc Order dated 2(r lrebruan 2015 u,ould not bc enforced. 'Ihc I Ion'ble S.\'f ride its ordcr passed on 25 .\pril 2{)1f} held that in vieu oI I lon'ble S.\'I's majorin decision datcd 13 irlarch l()15. thc SEBI ()rder dated 36 l;ebruan 2015 cannot be sustained. -\ccordinglr', the I Ion'ble S-\T drsposed oi[ the appeals \tr1rh a dilcction tl.rat thcse appeals, shall stand automaticallv revived once the Hon'ble Court disposes oI tl.re civil appeals Eled bI SEBI against thc on'blc S:\'I's judgmcnt dated l3 i\larch 2015. Thc maters are pending fbr final outcomc. Gurugram Iw ,i Notes to thc Standalone Financial Resultg i) b
Page 7
DLFp"^ 6 llased on thc grounds of the appeals and adr.icc of dre indepcndent legal counscls, managcmcnr believcs that there is sttong likelihood of succeeding in rcspect of above mattcrs. Pending thc final dccisions on the above matters. no adjusulent is requircd to bc madc in thcsc standalone financial rcsults. T hc abolc litigations as mentioned in point 5 (a), (b) and (c) arc subjecr marrer of 'Emphasis of Nlattcr' in Indepcndent .\uditor's Revierv Report. In earlier vears, scveral disputes arose bcnveen the shareholdcrs of l wcnE |ive Dol,ntorvn Realin Lirrited [tirmedl knos'n as -lovous Housing Limited (lHI)l inrolving the (]ompanr as onc of the sl.rareholdcr, wl.rich verc pending at various lcvels including arbitration proccedings tbr recovcn of thc Companv's entite outstanding dues. inclusir-e oI intcrest, from JHL In the prcvious rear, a c()nsent terms werc exccuted bcnveen the parties concemcd and a consclt award vas passcd bv thc I krn'blc -\rbitrarrr rrhcrebr'-f l [l, agreeded t() pal k) the Companv a sum of { 8()1.0() crorcs (along r.,'rth interest pavable in accordancc with conscnt terms $'hiclr rvas accountccl [or) torvarcls repavment of its dues and settlement of all ongoing disputes. Out of rhe scttlement am()unt. the (,ompanl has alreadl receivcd { 25 1.10 crorcs and outstalding balance is secured b'r- s al of a hrst aod cxclusivc mortgagc ()ver idcntiircd carpct area o[ residcntial rcal estatc units of a RER,\ registered project. Pursuant to the conscnt arvard, thc (lompanv had rvithdravn xll procceding/notices lllctl againstJHl- and othcr concerned parties in various forums. ,\ccordinglv, thc (-ompanv in the previous \-ear had rerersed the impairment loss, recorded in earlicr vcar of < 235.19 crores as an e\ccptional incomc and balance of { -111.72 crores is considcted as receipt of intetest incomc s'hich s,as maiotlr accrued and impaired over a period of time in carller lcars, as othcr income. ()n 21 Novembcr 2025, dre Governmcnt of India notihed thc k>ur ncrv J,abour Codes (thc Oode on \\'ages. 3t)19, thc Industrial Rclations (lode. 2020, thc Codc on Social Sccurin. 3020, and the Occupational Salc'n', I Iealth and \\'orkinq Condirions (-ode, 2{)20) c()r]solidating 29 esisting labour larvs. Thc Companv had assesscd and accounrcd for thc incrcmental impact of thcse changes was amounting to { 30.16 crorcs during the rcar endcd 31 }larch 2()2(r rvhich s as disclosed as "Esceptional itcms" in the standalooc financial results in the previons lear. In the previous guartcr, tlre Htxr'ble Nattonal Oompanr Larv'l ribunal (\Cf .1 ), Chandigarh Bcnch. vidc its ()rdcr deted 1{January 2{)26, has approved the Schemc of Amalgamation inr-olving merger oI -\arah-n lluilders & l)elclopers l)rirate Limited, -\faaf lluilders & Detelopers l)rivatc I-imited, .\kina lluilders & Devekrpcrs l)rir.ate Limited, -\rlc Builders & Dcvekrpers Private Limitcd, ,\therol lluilders & Developers Pritate Limited. (-adence Real [ ]statcs Pri\-atc I-imitcd, Dcmarco l)evelopcrs and Coostructions Private Limited. l)l.F L-niversal l.imited. I loshi []urlders & Der-elopcrs l)rivate Lirnited. Javanti Real l-statc l)evekrpers Private l-imitcd, Nlufallah lluilders & Devcl<>pers l)rivatc Lrmitcd, Ophira l)uilders & Delelopers Prilate I -imited. ()riel Rcal F.states Prirate Limited, Sagardutt lluilders & l)cvekrpcrs Prir-atc l,imitcd, \'amil lluilders & l)evckrpers Prir-ate Limrtcd and Yerano Builders & l)evelopcrs Private Limitcd ('Transleror Oompanies') rvith Dl,lrLimitcd (the "l rans[crce Companrr). pursuant to the prorisions of Section 23t)-2i2 aod othcr applicable pror-isions of the (irmpanies -\cr. 2013 read vith thc Rules made thcreunclcr. The abovc schcme ofarrangement l.rrs bccn accountcd lrrr in accordance rvith Ind .\S 103'llusincss Combinations'. accordinglr'. f-rnancial results and figures tirr rhc corresponding quartcr ended 30 Junc ?025 have bccn restatcd for one o[ rhe transttror companv in accordance u'irh -\ppendir (l of Ind -\S l03 Business (lombinations. ()ther t-iftcen transferor cornpanies har-e been accountccl as assct acquisition u'.c.t-. 1-l .]anuan. 2026 as per rhe schcmc oi Amalgamation as apptovcd bl I lon'blc NCL'I. iJ. s C('n;. d:a) o)) w Bo G Notcs to the Standalone Financial Rcsults
Page 8
Notes to the Standalone Financial Rcsulls 9 Tlie trgurcs tbr tl.re corrcsponding prcr.ious period/r-ear havc been rcgrotrped/rcclassificd, whcrevcr DLF#'^ X2 Devinder Singh Nlanagrng Dircctor DIN: 02569{6-1 neccsslln. On behalf of the Boatd of Directors of f)[,F Limited Place: ()umgrarlr Date: 0J -\ususr 2026 Ashok Kumar Tyagi Nlanaging [)irector Dl\: {l()25-l t6l Ll 86,
Page 9
S.R.Bmtrsot*Co. LLP 4th Floor. Ottlce 405 World Mark 2, Asset No.8 lCl Airport Hospitality District, Aerocity New oelhi 110 037, lndia rel :+91 l l 46819500 Chart€r€d Accountants lndepcndent Auditor's Review Rcport on the Quarterl."" Unaudited Consolidated Financial Results of the Companv Pursuant to the Regulation 33 of the SEBI (Listing ()bligations and l)isclosure Rcquirements) Regulations, 2015, as amended Revielr Report to The Board of Directors I)LF Limited We hare rerieued the accompanring Statement olUnaudited Consolidated Financial Results of DI-F Lirnited (thc "Holdirrg Companl" or "the Companl'') and its subsidiaries (including partnership firms) (the Holding Company. its subsidiaries and parlnership firnrs togelhcr referred to as "the Group"). its assoc iates. .ioint \entures and joirlt operations for the quarter ended June 30. 2026 (the "Statement"), attached herewith. being submitted by the Holding Company pursuant to the requirements ofRegulation li ofthe SEBI (t.isting Obligations and Disclosure Requirements) Regulalions. 20I5. as amended (the "Listing Regulations"). 2. The Holding Companr's Management is responsible tbr the preparation ol the Statement in accordance with thc recognition and measurernent principles laid doun in Indian Accounling Standard 14. (lnd AS 3.1) "lnterim Financial Reporting" prescribed under Section li3 of the Cont pan ies Act. l0 I i as anrcnded. read * ith reler ant rules issued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of'the Listirtg Regu lations. The Statenrent has becn appror ed b1 the llolding Conrpany 's Board ol Directors . Our responsibilitl is to e\press a conclLtsion on the Statement based on our revieu. i. We conducted our rerieu of the Statement in accordance uith the Stattdard on Rerteu Engagernents (SRL)l-1l0. "Revieu oflntcrim Financial Information Pertbnned by the Independent Auditor of the Entit)'' issLred br the Institute of Chartered Accountants of India. This standard requires that ue plan and perfonn the relie$ rc obtain moderate assurance as to \\ hether the Statement is lree of material misstatement. A review of interirn financial inlorrnation consists of making inquiries. primarill of persons responsible for financial and accounting matters. and applying analltical and other relieu procedures. A reriew is substantially less in scope than an audit conducted in accordance ri ith Standards on Auditing and consequently does not enable us to obtain assurance that *e rlould become auare ofall signiticant mallers tlrat might be identified in an audit. Accordingly. we do not express an audit opinion. Wc also performed procedures in accordance u ith the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations. to the extent applicable. .1. The Statement includes the results olthe entities enumerated in Annexure I 5. Based on our revierv conducted and procedures perlonned as stated in paragraph 3 abovc and based on the cons ideration of the rev ieu reports ol other aud itors referred to in paragraph 7 be lou . noth in g has come to our attention that causes us to believe that the accompanying Staternent. prepared in accordance lrith recognition and measurement principles laid doun in thc aforesaid Indian Accounting Standards ('lnd AS') specified under Section l3i of the Companies Act.20l3. as anrended, read u,ith relevant rules issued thereunder and other accounting principles generally accepted in India. has not disclosed the inlormation required to be disclosed in terms ofthe Lisring Regulations, including the manner in uhich it is to be disclosed- or that it contains an) material m isstatement. d q a C P, a Lrmt€d Lrab ry P.rtnerthip wth LLP denrrty No. AAB-a29! BOi olrice 22 c.mac Streer a o.k'B'. lrd I @r xo kata 700 016
Page 10
S.R. BNuaoI * CO. LLP Chartered Accountants 6. Emphasis of Matters paragraph i) Wc dra* attcntion to Note 6 (a). (b). (c) and (d) ofthe Statement rvhich describes the uncertainn relating to outcome of following lawsuits tiled against the Group: In a cornplaint filed against the Companr relating to imposing unfhir conditions on hurers. the Competition Commission of India (CCl) has imposed a penaltl of Rs. 610.00 crores on the Company uhich rlas upheld b1 Compctition Appellate l-ribunal. The Company has filed an appeal which is currently pending with Hon'ble Supreme Court of India and has deposited Rs. 630.00 crores under protesl as per direction of the [{on'hle Supreme Court of India. Similar case has bc.en filed against one of the subsidian compan) uith CCI uhich is pendin* rrith Hon'ble Supreme Court ol India. No pcnaltr has been ler ied in the said case. b. In a writ flled ri,ith Hon'ble High CoLrrt of Punjab and Haryana. the Conrpany. one of irs subsidiarics and ajoint venture companl have received.iudgments cancelling the sale dceds of land/ remor,al ofstructure relating to tuo Il SEZ/ IT Park Projects in Gunrgrarn. The Company. its subsidiarl andjoint \cnture compan\ filed Special Leare Petitions (SLPs) challcnging the orders uhich is currentll pending riith Uon'ble Suprerne Court oflndia. Ihe Hon'ble Supreme Court ol India has admitted the matters and stayed the operation of the irnpugned judgments till furlher orders in both the cases. Securities and Erchange Board of India (SEBI). in a complaint filed against the Company. imposed certain restrictions on the Cornpan). The Cornpanl had receired a farorable order against thc appeal in said case from Securities Appellate tribunal (SA1'). SEBI, subsequently, has filed a statutory appeal whicli is currently pending belbre Hon'ble Supreme Court of India. SEBI has also imposed penalties upon the Companl. somc of its directors. officers. its three subsidiarics and their directors * hich has been disposed oll by SAT ri ith a direction that these appeals rrill stand autonraticallr rerired upon disposal olcivil appeal filed by SEBI against aforementioncd SAT j udgement. d. ln respect olongoing legal cases. uherein one ofthe Companl's subsidiary has outstanding trade receivables of{ 196.86 crores tionr customers. rrhich is currentlr- sub-judice. Pending tinal order liom Hon'ble Supreme Court of India and at other Ie\els the amount is pending recolerl since long. Based on legal status and eKpert's vie*, the management is contident of its recovery and is considered that Ihe amount is fully recoverable. Based on the adr ice ofthe external legal counsels. no adjustment has been considered in the Statement b1 the managernent in respect ofabole matlers. Our conclusion is not modified in respect olthese matters. 7. '[he accompanying Statement includes the unaudited interirn financial results and other financial information. in respect of: 72 subsidiaries and I pannership finn- uhose unaudited interim financial results include total revenuesofRs. 166.60 crores. total netlossaftertaxofRs.2l.S9crores.total comprehcnsive loss of Rs. 2l .39 crores. fbr the quarter cnded June 10. 2026, as considered in the Statcment uhich hare been rer.iewed br their respectir,e independent auditors. I associate and 3 joint \entures. uhose unaudited interim financial results include Croup's share ofnet loss after tar ofRs.2.l9 crores and Group's share oftotal comprehensive loss of Rs. 2.19 crores for the quarter ended June i0, 2026. as considered in the Statement whose interim financial results. other financial inlormation have been reviewed by their respective independent auditors. a c
Page 11
Chartered Accouhtants I'he indcpendent auditor's reports on interim financial infonnation/ flnancial results olthese entities have been furnished to us b1 the management and our conclusion on the Statement. in so tar as it relatcs to the arnoullts and disclosures in respect ofthese subsidiaries. partnership firrn andjoint venturcs is bascd solely on the report of sLrclr auditors and procedures perlorrncd br us as stated in paragraph 3 abor e. 8. The accompanving Statement includes unaudited interirr financial results and other unaudited financial information in respect of': . I partnership finr. u'hose interim financial rcsults and other financial inlonnation reflect total revenues ofRs. Nil. total net profit aftertar ot'Rs. Nil. total conrprehensir,e income ofRs. Nil for the quarter ended June 10.2026. . 2 joint operations. whose interim financial results and other financial inlbnnation reflect total rcvenues of Rs. Nil. total net profit alter tax ol Rs. Nil. total comprehensile income of Rs. Nil for the quarler ended June 10. 1026. . I associate and I joint venture. whose interirn financial results includes the Group's share of net loss of Rs. Nil and Group's share of total comprehensire loss of Rs. Nil fbr the quarter ended June 30. 2026. The unaudited interinr financial results and other unaudited tlnancial inlormation of these partnership firrn- joint operations. associate and joint \enture ha\e not been revie*ed by their auditors and havc been approved and furnished to us bv the rnanagenrent and our conclusion on the Statenrent. in so l'ar as it relates to the affairs ofthcse sLrbsidiaries. partnership tirm. joint operations. associates and-ioint renture. is based solell on such unaudited interirn financial resLrlts and other unaudited financial infonnation. According to the information and explanations given to us by the rnanagcment- these interirn financial inlonnation/tlnancial results are not material to the Group. Our conclusion on the Statement in respect of matters statcd in para 7 and 8 above is not modified u ith respect to our reliance on tlre \\ ork dure and the repons of the other auditors and the financial results,/financial inlormation certified b) the management. For S.R. Batlihoi & Co. I-LP C hartered Accountants IC.{l Firnr rcgistrati()11 runrber: 30 I 001E1Ei00005 per vi hra Partner Mernbership No.: 09.1-12 I LrDIN Place: Curugram Date: August 03. 2026 )u ogrrtr} | bM eh?s s? t5- S.R. BaruBot * Co. LLP
Page 12
S.R.BNueot *Co. LLP Chartarcd Accountants Slalem(lntofsuhsidiaries(includingpartnershipIirms).{ssociatca,jointventuresandjointoperationsincludedinthcresultsofDt-[l.imited 1n[exurc I ( ompant \ame I ls. ro. 55 Racks I itrtrs l)c\cl()pers l)n\at. I lnrited \dan l}tlildcr\ & Dcrcl()pcrs Pri\atc I-inritcd ll56 It.rtional Iluilders and Derclopcrs (l) nncrship Fimr) \mishi lluilders & De\clopers l)ri\ate [-imiled I I 57 Ri\eria ( (nnnercial De\eloner5 I inritcd .\nanti Ihildcrs & Construction I'riratc I imitcd 58 Rochellc lluilders & Conslruclions I'rivale I inlited .t Angelina Real llstales I'ri,rate Limited 59 Rujula Iluilders & I)evelopcni Pri!atc Linritcd {ti Sunder Estatei De\clopers Pri\ate Limited Scn\mour Iluilders & Constructions Pri\atc l.inlited 6 llral R,:rlr{rrs I'ri!ale I inriled Shivaii Marg Mainlcnancc Scnices l-imited {)llllanca lluilders & Derekrpers Prirate I imitcd Sk)rise Honre De\clopers l'ri\ate I imited 8 llrcezc (bnslnrctions Ilri\ale Linrited 6l Sugreera lluilders & Derclopers Prirate [-irrited ( adencc Iluildcrs & ( (nrslructi(nrs I'ri\ale l-imitcd 6l I alvi Buildcrs & I)ovelopcrs llrivalc Limitcd l(l 65( handrirj\oli I \lirtc Dc\clopcrs I'jri\alc I imilcd I iine Estillrs I'riratr Limitcd l alharaj l:statcs Priratc l-imitedII Llrano lluildcrs & Dc\clopcrs I)ri\atc I inrilcd ll [)aln]ia l'rooiotcr\ & Dc!elopers l'ri\ale Linlited lo" I)l lj Residcntial l'urtners Liiriled tl t)amalis lluildcrs & Dc\clopers Pri\atc I imiled 6ll I)l I'Southcm lorrns l)rrrrtc Linitcrl t)l lj Lltililics LiolitcdI)elanco l{ealk)rs Pri!atc I ioritcd I)onrus Rcal Iistate l'ri\atc I imitcdl5 l)eltaland Buildcon Pri\ atc Limitcd ,-0 Il.ctrisc Il SC Pri!ltc L irrilcdt6 l)l.f Aspinual lkxels I'ri\ale [-imiled I 7r l? l)t-F llLrilders & I)c!elopers Pri\rle Linritcd 112 |d$ard Kc\cntcr (Successors) Pri!atc Limited DI l- Uellco Pri\alc Limired (lbmrerl! Elhan Estatcs Dc!elopers Privato l-imited) 13 l)LI (ochin Hotcls Pririrte t-imitcd [:irst lndia l]slates & Senices l'ri\atc [-imitcdl9 r1DLF Ci)mmercial Projecls Corporalion (l'artnership Firm) (jillcria I'ropen) \lanagcrDonl Scniees I'ri\ale Limitudt0 t5l)l I (,rlalri Drr.'loprr. {Panncrihrp I rnrrl (;ar\ De!clopers Pri\atc I-inritedll l)l F (lrecn Vallo) (Partncrship I:inn) I ncial Builders & ('onstructions Pri\ ate I imitedl)t f llonle Dr\clopers I imitcd I nicom Rcirl F-slate De\clopcrs l'ri\atc Limilcd7ltl)l.f ll(nrrcs (;oir I'ri\atc I imilcd t nasi Inl-ralech ['ri\ate I inritedl)Lf Ilonrc\ Pallchkula l'ri!alc I inrited 79ll I)LF hclusirc lrloors Priratc l-imited t1) I Iighr ista lluildcon Pri\atc I imited (lbrmerh kno\rn as Vikranr l:lcctric Irquipmcnt l'rivatc l-imitcd) l_i lunobi Buildars & ( onstftrclions Pri\ atc I inriledt6 slDLF Inli) Park {l'Lrne) I imited lcbina Real Esiares l'ri\.atc I imitcd27 llll)l.F Ini) Cii I l\derabnd I-imitcd lt liora Builders & I)c\elopcrs Pri\atc l.imilcdt3 I)LF Iu\un Ilonr.s Iin)ilcd ll{il l9 t)t F OIlicc Dc\clopcrs Pri\ate I imitcd l Arizona (ilobal Scrrices Pri,rale L-in)itedt0 DLI l'rojccts I imitcd ll8{ (illl Hosfilal I inrilcdil Dl F Propen] Do\elopcrs I imitcd ll85 DLF Clubs and Ilospitalil) Limilcd (fonncrl-! Dl-F Recreational Foundation I-imitcd) -ll (ia nor lluilders & Derclopers l'rirate l-inited D(('DL Gtou I)l.l Clbcr Cit] I)ovelopcrs I.imitcdI lathor llcaltors l'rilatc I imited llroi1 Dl l Pronlenade Limi(edIlesper lluildcri & Dc\clopers I'ri!ale I i ritcd ll87 I)l l'Asscls LinilcdIIurle) Iluildcrs & Derclopers Priratc I imited lxs:6 I)l Ir Po\rcr & S(rnices LinritcdIsahcl Iluilders & De!ek)pers Pri\ale [-imited lx, t)l.lr lnfo ( ilf D0\clopers (Chandi8arh) I inrilcdt8 [,arida Rcal Estalcs Pri\atc Lilnited leo Irirlcal Rcal f.stLrtc I'ri\atc I imilcd_i9 Kei Buildcon I'rir ate l.imited I el I)l l tnti) I'ark Dc\elopcrs (Chennai) L imitcdl0 Kokoloth Buildcrs & De\clopers Pri\atc l-imited le: I'alirral Rcal Lstate I inlilod.lt 9lKolkata lntemational Conrenlion Cenlre I imited l)t t lnti) ( it\ Chcnnai t-inritcdt.odhi I'ropen) ( ompanJ Limitcd !lilda lluild$cll Pri\arc I imited \anrhi Build\\ell l-inrited1l .11 Mohak Rcal Eslale Pri\arc I-imited Othet Joint wnturcs 15 Muricl lluildcrs & De\clopers l'ritate L in)ited I)l I \{idln$n Pri\atc Limitcd 16 \4usetla lluildcrs & Dc,"elopers l'ri\ate l-imited lle? l)l F SBPI I)e!ek)pcr Prirate Linrilcd .ll Nadish Real Esldtc Privalc Iimited 98 WcslparL Developers Privalc l-imited (lbrmcrly kronn as Pcgcen Buildcn & De\elopcrs Pri\atc Limitcd) I. \aja Iluilders & Delelopors Pri\atc Limitcd llss Alrium I'lace Do\clopers I'ri\atc l.imitcd l9 \aja I slalcs Dc\clopcrs l)ri\atc I inlilcd Cro -i0 Ncllis Iluilders & Dc!elopc6 Pri\atc I inrilcd | | roo l)csignplus Associates Scnice Pri\atc Limilcd 5t \rahr ltrrrlJcr. & De\.1,'p(r. Pn\ l. l rrril(,1 lltrtt Spazzio l,xrjects irnd Interiors Pri\dlc [-imitcd Joint Operilions\iobe Uuilders & De!elopcrs Pri\atc Linired I'ali\\,rl l)c\elopcrs I in)itcd _rrZ-. urs o/E\rro: li.urjara Ilills tlldcrirbad ( (nnplc\ (.\Ol)) 5l Qabil lloildcrs & De\cl()pcrs Pri\alc I inrilcd .1/oI.' l.-flJ*r: ( iSC DRI)t ,\OP & a !) W DL 6l ll F..' lr t, I rr lrl
Page 13
DLF Limited Regd. Office: Shopping Mall, 3'd Floor, Ariun M..g, DLF CiN, Phase I, curwram - 122 002 (Haodna), India CIN - L70101HR1963PLC002484, Vebsite : lqa..dr.i. Tel.: +91-12+413,1200, Emailr corporateamai6@ dlf.i! \l t_ t \t l:D INALCIAL RI]SI LTS EOBJTH! QIARTELLNDED 30 ILNE2Q2E D[FH^ ({ in crorcs unless orhesisc sutcd) PARI ICT'L{RS Qt ARTI]R ENDET) I EAR F,NDEf) .10.06.2026 (Lnauditcd) 31.0i_2026 (Audittd) lrcfer note 2] 30.06.2025 (tlnaudnrd) 31.03.2026 (Audir.d) I t: l1 t5 I] l-.1 ( )rltrrn.,,n. 1r.r.r,!,rr i, il (.,rr 1,l ltrrtrl.fl,r:..,,,isrr!.r..1 tr,,}flr.s. Jr',l,,lln.f r1{hr:,nri,,rh!.5 I Lnr'|,rLr hn.lrr..ro.rr Jl l)rfr.clnrrr inJ .nr,,rrisrr,', r\|d){ Profit beforc c\ceptunal items, tax, shr.c ofp()fit in associatcs and ioinr rentures (1-2) l:\((t.ri, n)l ,r.,ns l.rl, r n,,rr 7 .!!l 8l Prcfit before l.x ,nd sharc of p.ofir in associares and j(,inr rentures (3+1) Tax c\penses for rh. pc.iod/]-ca! b 1.,\ r.hrrn,lr,, c.r ( ' p.., \i \.trri Total rN erp.nses for thc pcriod/rcar Profit afte. cxceptional irems, lrs and btforc share ofprofit in associarcs and ioi.r vcnturcs (s-6) Sh.r( ,,r fn rlIn tr.n,.r.,r.. trnJ r,int \.nr,'1.,n(r Ner p.o6t for thc pcrn)d/ve!r (7+8) Oth$ .ompr.hcnsi\ c incomc/(loss) Ll Ir,,n. rl,,r Nll n,,r h fuclisrirl.J rl, ri,r,r .rnJ 1,,"' l)r 1,r.,{n.rL\r.lir1nLr,,rrrm.rhrr rr lrr,r ltrrl.L'nt.,l r, t.,lLr .r,trl1,s. Total other.omprehrnsne income/(l,,ss) Total compr.hrnsile incomc for thc p.riod/year (9+10) Net profit for rhe peri,d/\'e.r aft.ibut.ble ro: ()lntr,,ith hrnLlt,s L rmprtr \,f r .,,nri)llh! Nr(i: Othc! coDprehensive income/(loss) attibutable to (\rnrrs oidrc holdin! comprnt Non c(,nrollins i.terrirs Toul comp..hcnsiv. incomc atnbutable to OiuLrs of drt h,[]irr crmfrni \,,n c,nrn,llnq nn.(sri P,rd .LI) rqur\ .h:ru c.rl.rt.rl 'ir, \ riu( ,)l I I f,r.lr.rL Eamings pcr rquilr sha.c (fa.. valuc of{ 2 pcr share) (not an,ualised) Il L-1. a l)L: rr.J I 1,605.56 t22_16 t,.) ll I] l.tl l.:81r l.r it5.ll 711 tl 116.67 11.61 15 tl :39 ir1 1,182.80 422.76 n5 :7 114.69 308.07 1r5 Nl 793.90 ir5ll) ll 1l (0.38) 't9i.s2 191.'i,t 193.90 (l).lil) (0.38) 11)3.52 't93.52 195.lra Itl)6.7{ |r1.6+ ll. '.) +r1.2i .|.1 91 1,472.63 621.19 6,19.07 i.r.l ll (3.96) t264.60 l.8llr)a )19 t'( 2,09i.82 ru9;ll 6.2-l (92.11) 741.18 1,268.56 t.:61r 56 1268.56 (i.96) (3.e6) 1,26.{.6r I 1,264.& +95.r)6 i.1l 5.tl l_r l6 llr lat.l I 2,980.88 t.r18.lt] 1 11.l5 78.;l 1t..lt l5e rta) 2,465.58 515.30 l.t3.l8 i82.n 51i.30 !i l: t(,2.61 762.67 1..i5 3.35 t((.\\2 166.02 162.67 ll, 3.35 766.02 llr2.r)l 2,931_82 l8 le) l.lr; (6.14) 4,408.34 8.19+.rr: l,6l:. l 9,816.04 t.8.{11.57 t.{:..11 1.156.r9 't,o87.11 2,728.q) [5 t,] (3ll.li, 2:1.:r) 309.97 2,621.8s +.111arl .1,.114.68 (6 rl (6.x) .r,{08.3.1 t.1r:.)1r 4,414.68 L Gurugram f. \a" o SL \o f\t
Page 14
DLFANotes to thc Consolidared Financial Results 'lhe abor-e consolidatcd tlnancial resuhs oi DLI: Lirnitcd ("rhe Cornpanr'"), its subsidiarics, p^rtnership firrns (togethcr rcfcrrcd as "dre (iroup") atrd irs joinr venrures, joint opcrations and ,lssociatcs hatc been reriesed bl the -\udit (l<xnmitce and approvcd br' fie lirard of Dirccrors er its meering l.rcld on 03 -\ugust 2026. -l hc staruton. euditors har.e carricd out I-imitcd Revicrv of above consoldated flnancial results of thc (]roup. 'l hc figures firr the last quartcr i.c. <luarrcr endcd 3l Nlarch 2026 arc the balancing figures bcnr.ecn the audited tigures in resprct oi the tull tinancial \-car up ro 31 Nlarcli 2t)2(r and rhe unar.rdited pubJishccl r'ear to date figurcs up to 31 December 2l)25, being thc darc of rhe end o[ thc rhird guartcr of the tinancial lear s'hich rverc subjccr to limircd rclies ltl the sratuton auditors. l'hese consolidatcd flnancial results halc been prepared in accordancc with rhc recognition and mcasurclncflt principlcs of lndian -\ccounting Standards (lnd AS) as notified under Scction 133 of thc Companics .\ct. 2013 rcad rvith the Oompanies (lndian -\ccounting Standards) Rr"rles,2015 as amcnded. Thc said consolidated financial rcsults rcpresent thc results of l)LF Limrted ("the (.ompanr'"). its subsidiaries. partnership tlrms (together relerrcd as "the (iroup"), its joint opcrations and its share in results of joint vcnturcs and associatcs s,-hich havc been preparcd in accordance $irh lnd -\S-110 -'Consolidated Ijinancial Statcment'and Ind -\S-28 -'lnr-estment in ,\ssociates and Joint Venturcs'. -1. 't hc standalonc financial rcsults oi rhe (iompanr tor rhe quarter cnded 3t)Junc 2026 are availablc on the (iompanv's \\'ebsite h to\ standalonc financial information is ven bclow: { in crores Year endedQuarter ended 31.03.2026 (Audited) Particulats 30.06.2025 (Unaudited) 31.03.2026 (Audited) [refer note 2 above] 30.06.2024 (Unaudited) 61 I o1r 6,-jq.-.1lotal rncome -l-1).61 3,655.8n 2,85.1.5- .1s.58 t-2- 6.2el)rofit beforc cxcepoonal iterns and rar 8- tl : l.l..l5I-xccptronal rtcrns 1t.il l)roht lrttirrr: t.rx 8-.:.1 l,86r.i.l() +8 58 1.1()r).- 1 65.ll 2,,1(l().(r t l() lir t.-t-.91\'-et protit for the penod/'\exr Other comprcheosive incomcl(loss) (_l. er) 0.ee) (0.1 1) (3 r.r) 'I'otal comprehensisc income for the pedod/rca! 1.198.6i 39 l9 \.++l ffi Guru.Jram 2. l. I I 6-l -lt I w Vz
Page 15
otFii^ l Consolidated segment u'ise revenue, results, segment assets and liabilities .\s thc Group is in proccss ot conrmencint operations ofsevcral renral generating commercial/rctail real csrate propcrtics Icading to increased rclevance in the otcrall porttirlio, Rental busincss (nrainlr comprising oi conrmercial/retail rent generaring busincss) has been identified and reported as a scparatc segment tiom the currcnt quartcr. Further. Clroup's real estatc selimcnt comprisc of all othcr real cstare dclelopmcnt and ancrllan actilities.-fhc opcrations oi thc Group are dornicilcd in India. thcrefore, there are flo reportable gcographical scgmrnr. l)etails o[ Consolidate<l segment rvisc rcvenuc, results, assets and liabilirics is givcn bclou-: Sl No. II III I\' i#r (-rf l .mpl,\cd = Sc$lurt asscrs Segrncnr li.rbilitrcs Year EndcdQuartcr Endcd 31.03.2026 (Auditcd) 3{t.06.2026 (f:nruditi:d) 31.03.2026 (Auditcd) [refcr notc 2] 30.06.2025 (L:naud;tcd) 7.6.l].76 5;5.?l 8217.98 23.96 E,194.02 1.11r).1]l 1]i 66 1286.19 61; 1280.34 t.651.9j 161.60 1.820.57 (r 51 1,814.06 2.586.61 l.l.1.r-1 2,721.32 1.62. 2,716.70 SEglocn. Rcvenqq rl I{ral llstate bl ltcnhl Total Segment Rcvenuc l.css: intcr Scgrncrtr rclcnuc Ner Revenue from Ope.ations ti -l 2,128.90 l 2,931.82515.J0 ii.l 89 2,9it.51 I16.6.1 3284.21 199.01 trl p ;-+ 3(ro.19 380.55 1.8 t5 7l 1,192.E3 6.19.07 3qr.l8 8t 86 621.19 tl Sri il 99. 189 8l 485.83 ' 2.91, 5.ir'.i l 527.38 Scgmcnt tcs ults .r) ltcrl Ilstarc L, R.rrr.Ll Profit beforc exccptional itcrns, interest, tax and shatc ofprofit in associates and ,rlint ventu.cs Lcs. |iruncc cosr 1.,s. ' LIhcr Lrrrll,r.rr.J rrpcnJtrun rr,r,'i Profit bcforc exccpti()na! itcms, tax, share ofp.oGt in associates and joint ventures lirccprronal itcms lreicr ootc I ,rnd 8, Profit before tax, sharc ofprofit in associates and ioint veaturcs Share ofpro6t/(loss) ofjoint ventures (oet) .r, Re;rl 1:state b'Rtnr.rl Total 11.020.19 :3.319 68 l.al.131r 7 4,87 4.71 +1,908.57 2-1,8()t 60 8,-15 r.89 77,065.06 .11,01().79 l-1,319.68 1,5t.+ 3l) 7 4,87 4.77 38,207.it1 l-3,l llJ.6l l.l16 l2 68,792.14 Segrnent assets (#) x) ltrrl I rtrte l)j Rc,rtrl c1 L n.rlloc:rtcd .rsscts Total assets 20.5(,i 80 (,6(,.13 l.:1r 5i 25,476.50 t6.l t6.{l(l 6lil.09 l.lir.l I 29,401.40 21.61138 6i1.69 l.-lil lL) 30,798.17 16,1t6.00 (,28 09 l.lal.l l 29,401.40 Segmcnt Iiabilitics (#) rr ll:ul llst.rtc L) ltcrttrl c, L n.rlIrc;rtrLl li.rl;ilints Total liabilities I l.ll Gurugrama * Notes to the Consolidated Financial Results I 48164 I ,t,'l ,;,;.1 (.')') -1L I 8r r8l ?80.94 ,l 0c) ,*,,1 609.59 llJ 5l 515.30 I 122.16 Ptrrticula(s I
Page 16
DLF#I,^ (, Kev litigations: a) (r) In a complaint [rlccl br Bclaire/i\lagnolia/Park Place ov'ncrs association against rhe Companr alleging untair condirions on its bulers, the Competition (lommission of India ({l{ll) had imposed penaln of { 63o.0tl crotes. u.hich rs als<> upheld bv thc Competition -\ppellatc 'l ribunal (CO\tl'-\1). The (.ompanr had hlcd an appeal befrrre Hon'ble Suprcme Court of lndia (Hon'ble (iourt) against the said ordcr wl.rich thc Hoo'blc (]ourt admittcd vide its order dated 27 -\ugust ?01-{ and thc Companl deposited { 630.0() crores on I lon'blc Court's dircction and has shor'"n the same as rccor.'erablc in the books. The Companv has tilcd an application seeking refund including interest. rvhich is to be listcd akrng-rvith main appeal in due coursc. (ii) Ctll vidc its order dated l-l XIar'2015 had direcrcd one of the subsidian companl relating to Ne\r-'I'o\\'n Heights Project, to ccase and desist in implementation of the tcrms aod conditions of -\partment Buler -\grecment rvhich is tbund to be unfair and abusive. Ncr pcnaln' has bcen imposed bv CCl. -\ppeals filed bl thc Companl rverc dismissed bv COi\IP.\T and the order of thc COi\IP-\'1 s'as challengcd br- the Companr', beforc the Hon'blc Court. Thc appeals have becn taggcd u'ith thc main appeal (mcntioncd in Para-a(i) above). 'fhe lbovc matters arc per-rclrng lirr t-rnal outcomc b) In a matter, thc Hoo'ble lligh Court of Punjab and Hanana passed ordcr aEsainst dre Companv, one of its subsidiaries and a joint renture cofirpanl cancelling thc sale deeds of land/removal oi construction rclating to ru.o I-l SIi7./ l'l Park Projects in Gurugram admeasuring -'56 acres.'lhe said ordcr rvas challenged br-the (,ompanl before l]on'ble Supreme (-ourt oI India and the mattcr is staved till further orders. c) -fhe Securities rnd Flxchansc Board o[ India ('SI]BI') issued a Show (iause Noticc (S(iN) datcd 25-Juoe 2l)13 to rhe (-ompaol tirr non disclosure of matcrial irtbnlation at the timc ot- filing Red [{erring Prospcctus in ?()(]7. 't'he SIIBI vtde order datcd 10 October 201'1 restrained thc (,ompanr- aod its Oft.icers/certain ditectors tiom acccssing tl.re securitics market and prohibited them from buving, selling or othc^\isc deaiing in securities, directll or indirectlv, in anl manner. s.hatsoercr, f,or a period oi three lcars. -l'he (-ompanl and thc said l)irectors hled appcals beforc the IIon'blc Securities Appellate 'I ribr.ural (l lon'ble S-\'l) against the aforesaid ()rdcr dated 10 October 201t. lhe I Ion'ble S-\'f ride its order dated I 3 l\larch 2() l5 cluashed and sct asidc the order passed bv SI'lBI. -\sainst Hon'ble S-\'f's order, SEBI filed an appcal u-ith the I [on'ble Supremc (]ourt of India (l lon'ble Court). uhich stood admitted vide ordcr dated 21 ,\pril 2t115 \ithout grartin€! anl intedm star in favour of SEIll. In ()ctober 2015, SEBI iiled applications bctirre thc Hon'ble (lourt sccking, restiaint on thc Oompanr', its promoters and/or dircctors from proceeding rvith the sale of 159,(t99,999 Cumulatir-e Cotrpulsorih (irnr.ertible l)rcttrencc Shares oi Dl.lj Cvber Oiw Dcvelopers Limitcd held br' the prom()ter group companies ro third parn insdrutional inlestors. lhe said applications camc up ti)r hearing beforc tl.re I lon'blc Court on { November 2(ll5 and the I Ion'ble Court did not pass ao\- orders restraining the transaction and simph directed drat the said applications be listed along rvith the earlier appeal. LL'D\ Gurugram\Ar o Notcs to the Consolidated Financial Results S-
Page 17
DLF&^ Sl.lll issued a SCN making allcga.i()ns similar to thc SCN datcd 25 lune 2013. Similar SCNs \\'crc als() issLrcd to tl-rrec subsidiarics, thcrr dircctors and ccrtain other entities. Bl wa\'ofordcr datcd 26 f:ebruan 2015. rhe -\djudicating Officer. SEBI imposcd montan pena]ries upon Companr'. some of its l)irectors, its crsnvhile (l[]O, its tirree subsidiaries and thcir Directors. The Companl and other partrcs aggrielcd bl thc atbrcsaid order t-rled appcals before the Ikrn'blcS.\'l against the (xder dated 26 Ircbruan'2015. \\1.ren these appcals werc listcd betirre ILrn'blc S-\'l on l5 lpril 2{)15. sl'BI's counsel uDder instructions statcd th,rt during the pendencv of the said appe als, the O rder datcd 26 }rcbruan 201 5 .;r'ould not be e nforced. 'I he Ilon'ble S-\l ridc irs order passed on 25.\pril 2t)18 held fiar in lies'o[ Ilon'blc S-\'t's majorin decision dated 13 irlarch 2015, rhe SIrBI ()rder dated 26 Iiebruxr\'2015 cannot bc sustainc(l- -\ccordrngh', thc IIon'blc SA-1'disposed otT the appeals uith a dircction that thcse appeals, shall stand aut<>maricallr- rcvivcd once thc I Ion'ble Court disposes oI the citil appeals tilcd bl SF.llI against the Flon'blc S.\'l's judgment datcd 13 NIarch 2015. Thc mattcrs are pending tor tinal outcome. d) -\ subsidran companr. has total outstandrng uade receir-ables irom (irral lnrlia l.imiterl anrl its subsidiar-ies (togethcr rcferrcd to as "CIL") amounting to { 259.(rfl crores. -l'he subsidian- cornpan\ and CIL had approachcd Jharkhand State lilcctricin- Regulaton Commission (SliRC) for fixation of tarift, rvho passecl the order in favor oi thc subsidian companv and thc samc \ras uphcld br' -\ppcllate 'l-ribunal. (.IL tiled appeal beforc thc Hon'ble Suprcme (lourt of India (I Ion'ble (iourt) rvhich issucd order dared [1 Septcmber 2012 directing CIL to par taiff thcd br'-f SER(| as cont-rrmed bv -\ppellatc Tribunal, horvever, the s:rid amount is still pending rccotcn.'lhe subsidirn' companr belietes that pending ttnal disposal o[the matter and kecping iu vicu,- the intcrim rclief g;rantcd bv the I lon'blc Court thc amounts due tiom CIl, are tu)lv recorcrablc. In addition, thcre arc other similar cascs trom orher customers 'sutcrein amount involved is { 137.18 crores and thc subsidian cornPany is conltdent of its recorcn bascd on the C()urt dccisioos till date and legal adr-ice. Based oo thc grounds o[ the appeals ard advice o[ the indepcndent legal counsels. managemcnt believes that therc is strong likclihood of succceding in rcspect of above matters. Pending the final decisions on the abore matters, no adjustment is required to be madc in thcse consolidated hnancial results. 'l he above litigations as mentioned in point 6 ("), (b), G) and (d) are subject matter of 'l'imphasis of Nlatter' in Indepcndcnt Auditor's Revicv' Rcport. In earlier ycars, severill disputes arose betvcen the shareholdcrs of 'lwentl Iiive Downtorr''n Realitl l.imited ffrrrmerll knorvn as Jolous I Iousing Lrmited (lHL)] involring the Compant as onc of the shareholder, which were pending at various levcls including atbitration proceedings ltrr rccoven of rhc (irmpanv's entire outsranding dues, irclusire oI interest, tiom JHI - In thc previous lear, consent tertr!s $'ere erecuted bet*.een the parties concemed and a consent avrrd rvas passed bl rhc Hon'blc .\rbitrator u'herebv il [L had agreedcd to Par to the Oompanv a sum of { 801.()0 crrrcs (along vith intercst pavablc in accordance u,{th consenr terms w'l.ich was acc()untcd tirr) torvards repalmcnt o[ its dues and scttlement oi all ongoing disputes. Out o[ tl.re scttlement amount, thc Companv has alreadv reccived { 251. l0 crores and outstanding balance is securcd bv rvav oi a trrst and erclusilc mortgagc over identit-red carpet area of residential real cstate units o[ a Ri]R.\ registcrcd project. Pursuant ro thc consent iward. the (lompanv had withdrarvn all procceding/notices trled againstJllL and other concerned partics in various forums. .\ccordingh, thc Companr. in tl.rc previous r ear had relersed the impairment loss, recorded in earlier rears. oi{ 235.19 clrres as an e\ceptional income and balancc of { {11.72 crorcs is considered as rlicrLIBC rcceipt o[ intercst income s'hich rvas maiorlv accrued and impaircd ovcr a pcriod cr rexrs. as ()lher incomcc Gurugrarl t)ii / UY Notcs to the Consolidated Financial Results \
Page 18
8 Notes to the Consolidatcd Financial Results ()n 2[ Novembet 2025, the (]overnmcnr oflndia notificd the ti;ur new l.abour (lodes (thc (iode oo \\'ages. 20t9. the Industrial Relations Code, 2()211, the Codc on Social Securin. 2020. and the Occupational Saten, I lcalth and \\'orking Conditions (.ode. 2t)2{)) consolidating 29 erisring labour Iarvs. 'l hc (iroup had assessed and accounted for the incremental impact of these changes amounting { 32.27 crores during the \-ear ended 3l i\tarch 2026 sliich s-as discloscd as "I.lxceprional items" in the consolidarcd ltnancial results in thc previous vear. The figures krr the corresponding prer-ious pcriod/r'ear have bcen regroupcd/rcclassified, s'hcrer.cr nccessan_. On hehalf of the Board of Directors of DI-F Limitcd DLF&^ Frt'-? ["t^ALW I Place: (iurugram Date:03 .\ugust 2026 Devinder Singh \[anagrng l)irector DI\:02i69-1(rl Ashok Kumar Tvagi Nlanaginu l)irector DI\: 01)25-11 6 I Gurugram fi