Please find attached Earning Update for the quarter ended June 30, 2026.
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 23 Jul 2026, 07:40 PM IST · BSE ID: 717068fd-6f32-44bc-868e-f9cafa9d24bf
View Original BSE Filing (PDF)
💡
In Simple Terms
Indiabulls reported Q1 FY27 earnings, showing profits of ₹141.0 Cr and detailing its property development value and new capital raise.
🤖 AI Summary
- Indiabulls Limited reported Q1 FY27 standalone Net Profit of ₹141.0 Cr on Revenue of ₹384.4 Cr.
- The company's PAT margin stood at 36.7% for Q1 FY27, compared to 39.3% for FY26.
- Total Gross Development Value (GDV) reached ₹23,608 Cr across 112.2 L sqft as of June 30, 2026.
- A preferential capital raise of ₹1,000.07 Cr has been approved, with ₹709 Cr from promoters.
- Financial services segment reported Broking Revenue of ₹29 Cr for Q1 FY27 and an Asset under collection of ₹3,771.6 Cr.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue Q1 FY27
₹384.4 Cr
Not comparable — limited prior period data.
PAT Q1 FY27
₹141.0 Cr
Not comparable — limited prior period data.
PAT Margins Q1 FY27
36.7%
Not comparable — limited prior period data.
Net Worth Q1 FY27
₹3,255 Cr
Not comparable — limited prior period data.
Total GDV (as on June 30, 2026)
₹23,608 Cr
Preferential Capital Raise
₹1,000.07 Cr
Broking Revenue Q1 FY27
₹29 Cr
Not comparable — limited prior period data.
Asset under collection Q1 FY27
₹3,771.6 Cr
🏢 How This Affects the Company
The company's real estate business has a total GDV of ₹23,608 Cr and a FY27 launch pipeline of ₹8,014 Cr across five projects, indicating future revenue visibility. The broking segment added 25,156 new clients in Q1 FY27, expanding its client base.
The approved preferential capital raise of ₹1,000.07 Cr, with significant promoter commitment of ₹709 Cr, is intended to fund GDV expansion entirely through equity, preserving project economics. The company also holds accumulated tax credits of approximately ₹2,700 Cr.
The company plans to launch 5 real estate projects with a GDV of ₹8,014 Cr in FY27, phased with festive-season demand, which will drive construction and sales operations. The asset reconstruction platform utilizes in-house recovery teams and digital collections.
The equity-funded expansion strategy for real estate projects contributes to a 'Zero Net Debt' position, reducing financial leverage risk. The asset reconstruction business reports a Capital Adequacy of 99.52%, significantly above the 15% RBI minimum.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this earnings update.
👤
Who Is Affected
Shareholders are affected by the Q1 FY27 financial performance and the disclosure of the company's total Gross Development Value (GDV) across its real estate portfolio. Promoter commitment of ₹709 Cr to the preferential raise indicates a proportional increase in their holding.
🔍
Management Signal
Management's decision to fund GDV expansion entirely through equity, including significant promoter participation, signals a strategy to maintain a zero net debt balance sheet and preserve project economics.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 results — monitor revenue and PAT margin trends for sustained performance.
Update on preferential capital raise — confirm completion and fund deployment details.
Progress on FY27 project launches — track actual pre-sales against ₹3000+ Cr target.
LOW RISK
Zero net debt and equity-funded expansion reduce financial leverage and interest rate risks.
💡 Investor Takeaway
Indiabulls Limited reported Q1 FY27 standalone Net Profit of ₹141.0 Cr on Revenue of ₹384.4 Cr. The company maintains Zero Net Debt with an aggregate GDV of ₹23,608 Cr across 112.2 L sqft and approved a ₹1,000.07 Cr preferential capital raise.
⚖️ Strengths & Concerns
✅ Positives
- Zero Net Debt across owned land parcels and JVs, with project expansion funded entirely through equity, as stated for Q1 FY27.
- Accumulated tax credits of approximately ₹2,700 Cr provide a tax shield for future profits, enhancing cash conversion for the company.
⚠️ Concerns
- Q1 FY27 PAT Margins stood at 36.7%, a decrease from 39.3% reported for the full FY26 period.
- Broking Revenue for Q1 FY27 was ₹29 Cr, a decrease from ₹35 Cr reported in Q1 FY25.
📅 Company Track Record
Indiabulls Limited previously known as Yaari Digital Integrated Services Limited. Prior board meeting on July 23, 2026, approved Q1 FY27 results and rectified compliance delays, indicating a focus on regulatory adherence and financial reporting.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Indiabulls Limited's net profit in Q1 FY27?
Indiabulls Limited reported a Net Profit of ₹141.0 Cr for the quarter ended June 30, 2026.
What was Indiabulls Limited's revenue in Q1 FY27?
Indiabulls Limited recorded a Revenue of ₹384.4 Cr for the quarter ended June 30, 2026.
What is the total Gross Development Value (GDV) of Indiabulls Limited's projects?
Indiabulls Limited's aggregate saleable area of 112.2 lakh sqft has a total Gross Development Value (GDV) of ₹23,608 Cr as on June 30, 2026.
What capital raise has Indiabulls Limited approved?
Indiabulls Limited has approved a preferential capital raise of ₹1,000.07 Cr, with ₹709 Cr subscribed by promoters.
What is the Capital Adequacy Ratio for Indiabulls Limited's Asset Reconstruction platform?
The Asset Reconstruction platform (IARCL) of Indiabulls Limited maintains a Capital Adequacy of 99.52% as of June 30, 2026.
Questions based on this BSE filing only. For information purposes.