DLF reports Q2 results as Nomura keeps target for DLF stock

Published on 10/20/2026 at 03:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 FY27 presales hit INR 38.0 billion against Nomura's INR 25.0 billion estimate. Nomura kept its INR 740 target for DLF stock.

Analyst view and operating scale

Nomura maintained its INR 740 target for DLF on October 19, 2026.
Second-quarter FY27 presales reached INR 38.0 billion against an INR 25.0 billion estimate.
DLF had a market capitalization of INR 1.7 trillion as of October 19, 2026.

DLF, INE271C01023, Illustration mit AI erstellt.

DLF Limited (INE271C01023) reported second-quarter fiscal 2027 presales of INR 38.0 billion, while Nomura kept its INR 740 target for DLF stock on October 19, 2026. According to Moneycontrol, the brokerage's estimate for quarterly presales was INR 25.0 billion.

Three milestones shape the picture

DLF's first-quarter fiscal 2027 consolidated net profit was INR 793.90 crore on July 7, 2026, according to the company's reported results summarized on its investor relations page. On October 16, 2026, second-quarter consolidated net profit reached INR 1,301.35 crore, up 11.1 percent year over year, according to Business Standard. Nomura's October 19, 2026 update was the latest of the three events and kept the target at INR 740.

What does the booking figure mean?

The comparison is favorable for sales execution but less clear for reported revenue. Second-quarter presales were INR 38.0 billion against Nomura's INR 25.0 billion estimate, while the brokerage said the figure was 12 percent below the year-earlier level. Residential collections reached INR 26.0 billion, up 3 percent year over year, according to Moneycontrol.

Reported revenue from operations fell 23.3 percent year over year to INR 1,260.58 crore in the second quarter of fiscal 2027, while operating cash flow improved 41.2 percent quarter over quarter to INR 1,858 crore. Net cash stood at INR 15,084 crore after a dividend outflow of INR 1,980 crore, Business Standard reported on October 16, 2026.

Analyst targets remain above the quote

Nomura's INR 740 target followed the Aureva senior-living launch and Dahlias sales, while the brokerage retained a Buy rating dated October 19, 2026. CNBC TV18 also reported on October 19, 2026 that HSBC raised its target from INR 920 to INR 950 and that Jefferies held an INR 830 target, adding evidence of a broad analyst focus on presales and cash generation.

Market value and trading reference

The latest NSE quote stood at INR 672.85 on October 19, 2026 at 3:29 p.m. IST. DLF's market capitalization was INR 1.7 trillion on that date, and its 52-week range was INR 489.40 to INR 786.50.