Indiabulls Limited Reports Q1 FY27 Revenue of ₹384.4 Crore with ₹141 Crore PAT on a Zero-Net-Debt Balance Sheet

Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) has formally announced its unaudited consolidated financial and operational results for the first quarter ended June 30, 2026 (Q1 FY27). The company demonstrated robust operational momentum across its core real estate and financial services divisions while maintaining a zero-net-debt balance sheet.

Financial & Earnings Overview

For the quarter under review, Indiabulls Limited registered total revenue of ₹384.42 crore, compared to ₹103.22 crore in Q1 FY26 and ₹418.39 crore in Q4 FY26. Total revenue from operations stood at ₹359.45 crore, backed by balanced revenue contributions across real estate development, financing activities, broking, and asset reconstruction.

Profitability: Consolidated Profit After Tax (PAT) reached ₹141.02 crore, delivering a PAT margin of 36.7%. This represents a sharp turnaround from a net loss of ₹1.81 crore reported in the corresponding quarter of the previous fiscal year (Q1 FY26).

Profit Before Tax (PBT): PBT prior to exceptional items reached ₹160.86 crore, up significantly from ₹7.10 crore in Q1 FY26.

Total Comprehensive Income: Stood at ₹203.78 crore for the quarter. Total comprehensive income attributable to the owners of the holding company came in at ₹140.13 crore.

Expenses: Total operating and non-operating expenses for Q1 FY27 totaled ₹223.56 crore. Key line items included cost of materials consumed at ₹52.69 crore, employee benefit expenses at ₹53.00 crore, impairment on financial assets (net) at ₹50.26 crore, finance costs at ₹9.64 crore, and other expenses at ₹53.86 crore.

Earnings Per Share: Basic and diluted Earnings Per Share (EPS) for the quarter stood at ₹0.64 per equity share of face value ₹2 each.

Zero-Net-Debt Balance Sheet & ₹1,000 Crore Capital Raise

Indiabulls Limited maintained its unlevered financial position with net debt remaining at zero. The company's net worth reached ₹3,255 crore as of June 30, 2026.

To further fuel its operational scale without adding debt, the Board approved a preferential capital raise of ₹1,000.07 crore strictly through equity issuance. Company promoters have committed ₹709 crore, accounting for approximately 71% of the total raise. The proceeds are earmarked for land acquisition, funding the FY27 project launch pipeline, and supporting general corporate growth.

Real Estate Operations & Launch Pipeline

The real estate division generated segment revenue of ₹106.03 crore with a segment profit before tax and interest of ₹39.73 crore during Q1 FY27.

Quarterly Sales: The company recorded total bookings of ₹3,003 crore and total collections of ₹519 crore, driven by 965 units sold spanning 22.75 lakh square feet.

Gross Development Value (GDV): The total portfolio GDV stands at ₹23,608 crore across 112.2 lakh square feet and 12 distinct projects.

Pipeline Breakdown:

FY26 Launched Inventory: ₹3,650 crore.

FY27 Launch Pipeline: ₹8,014 crore across 5 upcoming projects.

Future Pipeline: ₹11,945 crore.

Geographic Footprint: Operations and future launches remain concentrated across high-demand urban clusters, specifically the National Capital Region (NCR), Mumbai, and Ludhiana. Segment assets for real estate stood at ₹1,278.56 crore against segment liabilities of ₹281.66 crore.

Financial Services & Business Segment Performance

Broking Services

Revenue from broking and related activities rose 23% year-on-year to ₹34.78 crore (compared to ₹29.02 crore in Q1 FY26). The business added 25,156 new clients during the quarter-representing a 424% YoY growth in client acquisition. Client activation rates expanded significantly to 51.4%, up from 29% a year earlier. Segment results yielded a profit before tax and interest of ₹7.58 crore.

Financing, Investing & Asset Reconstruction

Financing & Investing: Segment revenue climbed to ₹173.60 crore, generating a segment profit before tax and interest of ₹125.80 crore. Total segment assets were reported at ₹1,546.95 crore.

Asset Reconstruction (IARCL): The asset reconstruction platform recorded segment revenue of ₹48.77 crore. Fee-paying Assets Under Management (AUM) reached ₹603.9 crore, while total assets under collection stood at ₹3,771.6 crore. The platform maintains a capital adequacy ratio of 99.52%, far surpassing the regulatory minimum requirement of 15%.

Equipment Renting & Other Segments

Equipment renting services contributed ₹8.50 crore in revenue for the quarter with segment assets of ₹81.47 crore, while other business operations contributed ₹0.78 crore.

Capital Structure & Segment Equity

As of June 30, 2026, the paid-up equity share capital of Indiabulls Limited stood at ₹446.68 crore (comprising equity shares of face value ₹2 each). Total capital employed across all operating segments stood at ₹3,108.19 crore, led by financing and investing activities (₹1,511.40 crore), real estate development (₹996.90 crore), and broking activities (₹408.30 crore).

Shares of Indiabulls Limited was last trading in BSE at Rs. 29.42 as compared to the previous close of Rs. 29.76. The total number of shares traded during the day was 393274 in over 1220 trades.

The stock hit an intraday high of Rs. 30.95 and intraday low of 29.11. The net turnover during the day was Rs. 11697494.00.

Source : Equity Bulls

Keywords

Indiabulls INE126M01010 Q1FY27 Q1FY2027 ResultUpdate