DLF Ltd has received continued coverage from brokerage Jefferies, which has maintained its BUY rating on the stock with a target price of ₹1,000 for the next 12 months. The brokerage said the target implies a 63 percent upside from the current market price.
Jefferies noted that DLF’s pre-sales were ₹400 crore, lower than its estimates, citing limited marketable inventory and the absence of new project launches as the primary reasons for the shortfall.
According to brokerage data, Jefferies is among eight brokerages that expect the DLF stock to cross the ₹1,000 level over the next one year. Of the 25 analysts covering the stock, 23 have assigned a BUY rating, while two have maintained a Hold rating.
In the third quarter of financial year 2026, DLF reported a year-on-year increase of 13.6 percent in consolidated net profit. Net profit for the quarter ended December 31 stood at ₹1,203.36 crore, compared with ₹1,058.73 crore in the corresponding quarter of the previous year. The company attributed the growth to higher net income and improved operational performance.
DLF also stated that it has become fully debt-free for the first time since its initial public offering in 2007. The company indicated that the elimination of debt reflects an improvement in its financial position.
Sales bookings during the first nine months of FY26, from April to December, declined 16 percent year-on-year to ₹16,176 crore. In the same period last year, sales bookings stood at ₹19,187 crore. The decline was attributed to limited marketable inventory and the lack of new project launches.
Despite the lower sales bookings, the company reported continued project execution and construction activity. DLF operates across residential and commercial real estate segments and remains one of India’s largest real estate developers.
