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Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Indiabulls' Q2 profits doubled to ₹151.1 Cr, with revenue up 31%; real estate pipeline expanded significantly.
🤖 AI Summary
Indiabulls Limited reported Q2 FY27 consolidated PAT of ₹151.1 Cr, increasing 101% year-on-year.
Revenue from operations for Q2 FY27 reached ₹336.4 Cr, representing a 31% year-on-year growth.
Real Estate Gross Development Value (GDV) pipeline expanded to ₹27,308 Cr across 13 projects.
The company received ₹250 crore from preferential capital raise to fund its growth pipeline, maintaining zero net debt.
Acquisition agreement with Fintech Cloud Private Limited, dated September 11, 2026, was mutually terminated.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Q2 FY27 Revenue from Operations
₹ 336.4 Cr
+31%
Q2 FY27 PAT
₹ 151.1 Cr
+101%
H1 FY27 Revenue from Operations
₹ 720.8 Cr
+100%
H1 FY27 PAT
₹ 292.1 Cr
+297%
Total Real Estate GDV Pipeline
₹ 27,308 Cr
New Dwarka Expressway Project GDV
₹ 3,700 crore
Preferential Capital Raise Received
₹ 250 crore
IARCL Fee-paying AUM
₹ 588.41 crore
Broking New Clients Added
19,034
149%
Broking Total Client Base
9.8 lakh
🏢 How This Affects the Company
📈
Business Impact
The real estate operations added a new project on the Dwarka Expressway with a GDV of ₹3,700 crore, expanding the total portfolio GDV to ₹27,308 crore across 13 projects. The broking business added 19,034 new clients, increasing its total client base to 9.8 lakh and improving the client activation rate to 34.7%.
💰
Financial Impact
Consolidated PAT increased 101% YoY to ₹151.1 Cr for Q2 FY27, and revenue from operations grew 31% YoY to ₹336.4 Cr. The company received ₹250 crore from a preferential capital raise, contributing to equity-funded growth and maintaining a zero net debt position.
⚙️
Operational Impact
The termination of the acquisition agreement with Fintech Cloud Private Limited means the proposed acquisition will not proceed, impacting the planned expansion in that business area. The company continues to focus on real estate development and financial services operations.
⚠️
Risk Impact
The termination of the Fintech Cloud Private Limited acquisition agreement removes associated integration and execution risks that would have been part of that specific deal. The company's capital adequacy ratio for its ARC platform stands at 100.07%, significantly higher than the 15% regulatory minimum.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, including Q2 FY27 PAT of ₹151.1 Cr and the expansion of the real estate GDV pipeline to ₹27,308 Cr. The termination of the Fintech Cloud acquisition also changes the company's future strategic direction.
🔍
Management Signal
Management's decision to terminate the Fintech Cloud acquisition agreement indicates a focus on disciplined capital allocation and project-based growth in real estate, prioritizing equity-funded expansion.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — verify continued revenue and PAT growth.
Updates on real estate project launches — monitor expansion of GDV pipeline towards ₹30,000 Cr.
Further developments in the financial services segment and AUM growth.
LOW RISKStrong financial results and expansion of real estate GDV pipeline, maintaining a zero net debt position.
💡 Investor Takeaway
Indiabulls Limited reported Q2 FY27 consolidated Net Profit of ₹151.1 Cr, a 101% year-on-year increase, on revenue of ₹336.4 Cr, up 31% YoY. The real estate GDV pipeline reached ₹27,308 Cr, and ₹250 crore from preferential capital raise was received, maintaining a zero net debt position.
⚖️ Strengths & Concerns
✅ Positives
Q2 FY27 Net Profit (PAT) increased 101% year-on-year to ₹151.1 Cr, indicating strong earnings growth.
Real Estate GDV pipeline expanded to ₹27,308 crore across 13 projects, including a new ₹3,700 crore Dwarka Expressway project.
⚠️ Concerns
The acquisition agreement with Fintech Cloud Private Limited was mutually terminated, indicating a shift from a previously announced growth strategy.
No specific details provided on revenue breakdown between Real Estate and Financial Services segments within the filing.
📅 Company Track Record
Previous filings on November 5, 2026, also reported Indiabulls Ltd's Q2 FY27 consolidated net profit at ₹151.12 Crore, with a 100.67% YoY increase, and the GDV pipeline reaching ₹27,308 Cr, alongside the termination of an acquisition agreement.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Indiabulls Limited's net profit in Q2 FY27?
Indiabulls Limited reported a Net Profit (PAT) of ₹151.1 Cr for Q2 FY27, which is a 101% increase year-on-year.
What was Indiabulls Limited's revenue from operations in Q2 FY27?
The company's Revenue from Operations for Q2 FY27 stood at ₹336.4 Cr, representing a 31% increase year-on-year.
What is the total Gross Development Value (GDV) of Indiabulls Limited's real estate portfolio as of September 2026?
As of September 30, 2026, Indiabulls Limited's real estate portfolio has a total Gross Development Value (GDV) of ₹27,308 crore across 13 projects.
Did Indiabulls Limited complete the acquisition of Fintech Cloud Private Limited?
No, Indiabulls Limited mutually agreed to terminate the acquisition agreement with Fintech Cloud Private Limited dated September 11, 2026, and the proposed acquisition will not proceed.
How much capital did Indiabulls Limited receive from its preferential capital raise in Q2 FY27?
During Q2 FY27, Indiabulls Limited received ₹250 crore, representing 25% of the approved ₹1,000.07 crore preferential capital raise.
Questions based on this BSE filing only. For information purposes.
All BSE filings we have analysed for Indiabulls Ltd.
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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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