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Ashok Tyagi
Ashok Tyagi
Managing Director & Group CFO, DLF Limited
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Strong Q3FY26 For DLF | Will Have Significant Disposable Cash From FY27-28, Says Company | CNBC TV18

📅 Feb 09, 2026 CNBC-TV18 9 MIN 631 VIEWS 26 SEGMENTS · 4 SPEAKERS
#3QWithCNBCTV18 | DLF Gains Post Q3FY26 Numbers. Company Turns Gross Debt-Free For The 1st Time Since IPO MD, Ashok Kumar Tyagi to CNBC-TV18 Will have significant disposable cash from FY27-28 Restarted sales in Dahlias; Will show up in Q4FY26 numbers Intent is to stay debt-free #dlf #2026results #2026earnings #earningsgrowth #salesgrowth #collectionsgrowth #revenuegrowth #profitgrowth #newsalesbookings #cashonbooks #margingrowth #profitgrowth #ebitdamargingrowth #2026growth #cnbctv18 #cnbctv18market #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 🔴CNBC TV18 LIVE...

Questions asked in this interview

10
  1. 0:17Do you treat that as a slight negative?
  2. 3:03You said it's a mechanical pause with regards to The Dahlias?
  3. 3:10Since then you've had good inquiries, perhaps a sale or two as well?
  4. 3:17It's already happened and it'll show up in the Q4 numbers?
  5. 3:23Because the last update was there were 420 apartments in The Dahlias and 220 were sold. How many more?
  6. 3:42How are you thinking about this metric?
  7. 5:49Just to reconfirm, you're not seeing buyer fatigue in the NCR market?
  8. 6:56In such a volatile sales environment, do you think that's possible?
  9. 7:41Are you planning more such senior care living projects? How big is this opportunity?
  10. 8:26Tyagi: Is Noida holding up really well as opposed to Gurugram?
Prashant 0:00 ↗
Well, DLF have witnessed record gross collections in the third quarter—5,100 crores—and they've also turned gross debt-free for the first time since the IPO. The company believes it will achieve its FY26 bookings guidance of 22,000 crore. Ashok Tyagi, managing director of the company, is with us.
Good morning, it's always a pleasure to see you on CNBC TV18 and speak to you. Prashant this side. Numbers are... I don't think there were any new launches expected in this particular quarter. But increasingly we are hearing chatter that in the core market you operate in, which is Gurugram, the sentiment actually is quite poor. Noida is still holding up pretty well, but Gurugram as a market seems to be poor. In terms of your premium project Delhi sales, I don't think there were any sales which came through. Do you treat that as a slight negative? Just your thoughts on what we are seeing in the NCR market.
Ashok Tyagi 0:58 ↗
Good morning, Prashant. As far as The Dahlias is concerned, we also articulated that on the analyst call. We've had a slight redesign in the layout of the product to give customers an even better experience. Post RERA, if you do even a slight tweak, you have to get approval of the customers to whom bookings have been made and then go back to RERA. So Q3 was a pause on daily sales on account of the slight redesign. Delhi sales have resumed in Q4 as we speak.
Prashant 1:46 ↗
Right.
Ashok Tyagi 1:47 ↗
To your broader question, Prashant—in the markets that we operate in, which is basically the luxury market—we are not seeing a slowdown, especially for credible players. You can see across the country that the bigger, more institutionalized players are continuing to sell their stuff, especially at the upper end.
What's happened is that in the last few quarters, buoyed by the success of the overall luxury market, some new entrants have also moved into the luxury market, and maybe the customer is becoming slightly more discerning in sticking to tried-and-tested, better developers versus the new ones. Some of them may be facing headwinds in their market. But for us—be it Delhi sales, be it the resale markets in earlier products like Priyadarshini and Arbour, be it our coming launches—we are continuing to see reasonably strong traction.
Prashant 3:03 ↗
And you've restarted sales. You said it's a mechanical pause with regards to The Dahlias?
Ashok Tyagi 3:08 ↗
Absolutely, the daily sales have resumed.
Prashant 3:10 ↗
Since then you've had good inquiries, perhaps a sale or two as well?
Ashok Tyagi 3:13 ↗
Not a sale or two, slightly higher than a sale or two.
Prashant 3:17 ↗
Okay. It's already happened and it'll show up in the Q4 numbers?
Ashok Tyagi 3:20 ↗
Of course.
Reema 3:23 ↗
Do you want to give a number? Because the last update was there were 420 apartments in The Dahlias and 220 were sold. How many more?

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APA, MLA, BibTeX
APA

Tyagi, A. (2026, February 9). Strong Q3FY26 For DLF | Will Have Significant Disposable Cash From FY27-28, Says Company | CNBC TV18 [Interview transcript]. CNBC-TV18. CEOInterviews.AI. https://ceointerviews.ai/interview/1028887/

MLA

Ashok Tyagi. "Strong Q3FY26 For DLF | Will Have Significant Disposable Cash From FY27-28, Says Company | CNBC TV18." CNBC-TV18, 9 Feb. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1028887/.

BibTeX 
@misc{tyagi2026_1028887,
  author       = {Ashok Tyagi},
  title        = {Strong Q3FY26 For DLF | Will Have Significant Disposable Cash From FY27-28, Says Company | CNBC TV18},
  howpublished = {Interview transcript, CNBC-TV18. CEOInterviews.AI},
  year         = {2026},
  month        = {feb},
  url          = {https://ceointerviews.ai/interview/1028887/},
  note         = {Speaker-attributed transcript with timestamps}
}