DLF hits debt-free milestone after Q3 results — but sales bookings crash and shares slide
Shares of DLF Ltd fell on Friday following a steep decline in sales bookings reported in its Q3 results, even as the company announced it has become gross debt-free for the first time since its 2007 IPO. By mid-afternoon, DLF was trading around 588.5 rupees, down roughly 4% after starting the day higher. The update arrives amid a tricky period for India’s listed property stocks. Big developers rely on steady collections and strong demand for premium housing, yet investors are pushing for new launches to translate into actual bookings, not merely a catch-up in revenue.