New Delhi, May 15 -- Realty developer DLF is bracing for yet another year of range-bound pre-sales. Instead of aggressively chasing bookings, the company is prioritizing margins and free cash flows.

Pre-sales or bookings in the March quarter (Q4FY26) rose sharply, both sequentially and year-on-year, to Rs.3,980 crore.

The uptick was driven by sales at The Dahlias, Privana and Westpark projects. Sales resumed at The Dahlias after being kept on hold in Q3FY26 due to design changes, with 32 units sold during the quarter.

Despite stronger bookings, revenue and Ebitda at Rs.1,810 crore and Rs.410 crore, respectively, the company missed Bloomberg consensus estimates by 29% and 43%.

"The company recorded revenues largely from low-margin proj...