Financial Performance

Q1 FY27 Results:

  • Revenue: ₹384.4 Crore
  • PAT: ₹141.0 Crore
  • PAT Margin: 36.7%
  • Net Worth: ₹3,255 Crore

FY26 Full Year Results:

  • Revenue: ₹880.7 Crore
  • PAT: ₹346.1 Crore
  • PAT Margin: 39.3%
  • Net Worth: ₹3,108 Crore

The group has accumulated tax credits/tax losses of approximately ₹2,700 crore, providing tax shield for future profits.

Capital Structure Update

Preferential Capital Raise: ₹1,000.07 crore approved to fund GDV expansion entirely through equity

  • Promoter commitment: ₹709 crore (~71% of the raise subscribed by promoters)
  • Zero net debt: No construction-finance leverage; land & approvals equity-funded

Real Estate Business Performance

Key Metrics as of June 30, 2026:

  • Booking Value: ₹3,003 Crore
  • Area Sold: 22.75 Lakh Sqft
  • Collections: ₹519 Crore
  • Units Sold: 965 units

FY27 Objectives:

  • Launches: 5 projects with ₹8,014 Crore GDV
  • Pre-sales (Bookings): 3000+ crore in FY27
  • Collection: ~1000 crore
  • Revenue Recognition: Accelerating as construction milestones complete

Project Portfolio Details

Total GDV: ₹23,608 Crore across 112.2 Lakh sqft

Launched Projects (FY26):

  • 3 projects, 28.68 L Sqft, ₹3,650 Cr GDV
  • Includes luxury and mid-income residential projects

Current Year Pipeline (FY27):

  • 5 projects, 41.41 L Sqft, ₹8,014 Cr GDV
  • Projects include:
  • Indiabulls Estate & Club, Sector 104, Phase 3 (Gurugram): 12.13 L Sqft, ₹2,548 Cr
  • Indiabulls Tower, Prabhadevi (Mumbai): 1.65 L Sqft, ₹1,654 Cr
  • Sector 104 (Gurugram): 11.94 L Sqft, ₹1,917 Cr
  • Ludhiana (Residential): 12.70 L Sqft, ₹1,270 Cr
  • Sector 103 (Commercial): 2.97 L Sqft, ₹624 Cr

Future Pipeline:

  • 4 projects, 42.11 L Sqft, ₹11,945 Cr GDV
  • Includes owned projects in Gurugram: Indiabulls Estate & Club Phase 4, Sector 105, Sector 99, and Sector 99A

Financial Services Business

Stock Broking:

  • TTM revenue of ₹131 Cr (+4% despite industry-wide slowdown)

Asset Reconstruction Platform:

  • Fee-paying AUM: ₹603.9 Cr
  • Asset under collection: ₹3,771.6 Cr
  • Recoveries (Q1 FY27): ₹22.7 Cr
  • Net Worth (IARCL): ₹520.15 Cr
  • Capital Adequacy: 99.52% (vs 15% RBI regulatory minimum)

Business Highlights:

  • Diversified SR portfolio sourced across multiple banks and NBFCs
  • In-house recovery engine with ground collection teams
  • FY27 agenda focuses on digital collections and AI-driven recovery

Awards & Recognitions

  • Indiabulls Tower Achieves IGBC Pre-certified Gold Certification
  • Special Appreciation Award by CII
  • TransUnion CIBIL Best Data Quality Award to ARC
  • Bharat NBFC & Fintech Awards 2026 – Best Retail Web Trading Platform