DLF’s Q2 FY27 presentation records sales bookings of ₹3,800 crore and sales collections of ₹2,622 crore. The broader ₹2,780 crore inflow figure also includes ₹158 crore of rent.
The separate consolidated financial filing, approved on October 16, reports revenue from operations of ₹1,260.58 crore for July–September. Those results are unaudited and were subject to the statutory auditors’ limited review.
The sale and the accounting entry
DLF’s FY26 annual report says revenue from residential plots, apartments and commercial office space follows contractual unit completion and transfer of control. Customers pay in agreed instalments.
Payments received before the relevant goods or services transfer are contract liabilities: obligations to customers, recognised as revenue when the group performs.
A hypothetical apartment may be booked, paid for and completed in different quarters. Bookings, receipts and revenue can therefore appear in different periods.
This is not universal completion-based accounting. ICAI says Ind AS 115 allows revenue recognition over time when its conditions are met.
DLF’s September-end project table lists ₹60,134 crore of booked sales awaiting revenue recognition, a cumulative measure without a next-quarter timetable. The presentation warns that management groupings can differ from published financial results.
Cash also needs a label
The presentation’s September-end ₹15,084 crore cash balance comprises ₹12,270 crore in RERA 70% accounts and ₹2,814 crore in other cash balances. Those categories should remain visible when discussing the total.
Section 4 of the Real Estate (Regulation and Development) Act requires 70% of project receipts from allottees to enter a separate scheduled-bank account for land and construction. Withdrawals must match project completion, certified by an engineer, architect and practising chartered accountant.
That money can fund the relevant project under those conditions. It is not freely available for any corporate purpose; the restriction alone does not establish financial distress.
For an individual home, separately check the project’s progress, promised completion date and payment terms.
The Crunch
Check timing, accounting policies and the permitted uses of cash.