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Earnings Call

Indiabulls Earnings Call: Key Takeaways

Indiabulls Ltd reports FY26 revenue of ₹880.7 Cr and PAT of ₹346.1 Cr following its merger. Strategy shifts to a real estate-led model alongside financial services.

Highlights
Revenue growthFY26 Revenue at ₹880.7 Cr; Q4FY26 at ₹418.3 Cr.
MarginsFY26 PAT margin 39.3%; Q4FY26 improved to 46.4%.
Order bookSales booked ₹2,752 Cr; Balance revenue to be recognized ₹2,493 Cr.
Demand visibilityStrong; backed by ₹21,366 Cr GDV pipeline across project stages.
Management confidenceHigh; citing transformational year post-merger and strong earnings visibility.

Growth

FY26 Revenue ₹880.7 Cr; Q4FY26 Revenue ₹418.3 Cr (+26% QoQ in broking). PAT ₹346.1 Cr (39.3% margin).

Outlook

Strong revenue visibility of ₹21,000 Cr over 110.52 lakh sqft. Significant pipeline for FY27 and future launches.

Risks

Industry-wide slowdown in broking; concentration of real estate projects in NCR (86% of geographic mix).

Source

Earnings Call filed with BSE, NSE: IBULLSLTD. Summary written with AI assistance from the document.

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Indiabulls Ltd: key numbers

Share price
₹29.83
Market cap
₹6,957 Cr
Revenue (annual)
₹833.4 Cr
Net profit (annual)
₹273.9 Cr
P/E (TTM)
16.6×Sector 41.4×
Promoter holding
32.91%+0.02% QoQ
FII holding
17.08%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:27 IST NSE
Capital Structure Change

Indiabulls Capital Structure Change

Indiabulls allotted 51.55 crore convertible warrants at Rs 19.40 each to promoter and non-promoter entities. This preferential issue has an aggregate value of Rs 1,000.07 Crore.

Value
₹1,000 Cr
21:04 IST NSE
Acquisition

Indiabulls Acquisition Worth ₹1,050 Cr

Indiabulls Limited will acquire a 70% stake in Fintech Cloud Private Limited for ₹1,050 Crore via an NCLT-approved scheme, entering the fintech segment.

Value
₹1,050 Cr
Execution
9-12 months
18:35 IST NSE
Other Announcement

Indiabulls Other Announcement

Indiabulls Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, on a voluntary basis.

14:23 IST NSE
Results Correction

Indiabulls Results Correction

Indiabulls Limited clarified a clerical error in its Q1 FY2026 XBRL financial results submission. The company corrected its earnings per share (EPS) figure from 0 to 0.04.