This research paper evaluates DLF Limited’s financial performance over FY2021–FY2025 using comparative (horizontal) analysis, common-size analysis, and ratio analysis. The study draws on consolidated financial statements from audited annual reports and market intelligence databases, incorporating trends in revenue, net profit, liquidity, leverage, and profitability margins, supported by visual charts and statistical validation. Findings reveal robust revenue growth at a CAGR of ~10%, a fourfold increase in net profit driven by lower finance costs and non-operating income (e.g., from joint ventures and associates), disciplined leverage (debt-to-equity ratio declining from 0.19x to 0.10x), and sustained liquidity (current ratio above 2x for most years, dipping to 1.85x in FY2025). However, margin volatility, particularly in FY2025 due to rising costs, and dependence on non-operating income highlight risks. A statistical regression analysis confirms that finance costs and other income are more significant drivers of net profit than revenue growth alone. The paper concludes that DLF is well-positioned for growth but should monitor margin sustainability and non-operating income volatility