DLF shares under pressure post-Q1 results: What’s bothering bulls today?

DLF Market News: Gurugram-headquartered real estate developer DLF was in the spotlight in Tuesday’s trade after the company reported a mixed set of earnings for the first quarter of the current financial year. After the market hours the previous day, DLF reported a worse-than-expected 18.3 per cent rise in its net profit for the June quarter, while its margin contracted by 340 basis points. 

DLF shares 

The stock declined by as much as Rs 24, or 3.0 per cent, to Rs 769.7 apiece on BSE, having begun the day at Rs 793.2 apiece. 

At 1:15 pm, DLF shares were trading in the red with a fall of 2.0 per cent for the day, at Rs 777.8 apiece on the bourse.

DLF results summary

DLF’s net profit came in at Rs 762.7 crore while revenue nearly doubled to Rs 2,716.7 crore for the quarter ended June 30 from Rs 1,362.4 crore a year ago, according to a regulatory filing. 

The property developer’s margin came in at 13.4 per cent, translating to a 340 basis-point fall on a year-on-year basis. Margin is a key measure of a company’s profitability. 

According to Zee Business research, DLF was estimated to register a net profit of Rs 859 crore with Rs 1,906 crore in revenue for the June quarter. 

The analysts had pegged its margin for the fiscal first quarter at 29 per cent. 

The property developer registered new sales bookings worth Rs 11,425 crore during the first three months of the financial year, up 78 per cent on a year-on-year basis.

Key positives and negatives in DLF results 

Let’s take a point-by-point comparison of some of the key positives and negatives in the latest DLF earnings report: 

Positive

• Revenue up 99.4 per cent, 42.5 per cent above estimates
• New sales bookings zoom 78 per cent 
• Occupancy levels healthy at 94 per cent 

Negative

• EBITDA at Rs 364.2 crore vs estimates of Rs 554 crore
• Margin at 13.4 per cent vs estimates of 29 per cent
• PAT up 18.3 per cent but 11.2 per cent below estimates 

DLF share price history 

At the current level, the stock has declined about 5.6 per cent so far in 2025, underperforming a 3.6 per cent rise in the Nifty though outperforming a 13.2 per cent fall in the Nifty Realty.

Also, the stock has declined 3.9 per cent in 1 year, while the Nifty and Nifty Realty gauges have risen and fallen 2.3 per cent and 9.0 per cent respectively.