Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY2026-27)
Nature of Filing / Announcement: Outcome of Board Meeting, Unaudited Financial Results, Director Appointments
Audit Opinion:
Limited Review Report - Clean opinion (no qualifications or modifications)
Key Financial Highlights [₹ in Crores]:
Consolidated Results:
Quarter ended June 30, 2026:
- Revenue from Operations: ₹1,651.93
- Total Income: ₹1,682.81
- Net Profit: ₹243.30 (attributable to owners)
- EPS - Basic: ₹2.13
- EPS - Diluted: ₹2.05
Comparatives:
- Previous Quarter (March 31, 2026): Net Loss of ₹(8,101.41) crore
- Year-ago Quarter (June 30, 2025): Net Profit of ₹334.30 crore
Standalone Results:
Quarter ended June 30, 2026:
- Revenue from Operations: ₹1,494.42
- Total Income: ₹1,519.12
- Net Profit: ₹295.23
- EPS - Basic: ₹1.94
- EPS - Diluted: ₹1.88
Comparatives:
- Previous Quarter (March 31, 2026): Net Loss of ₹(10,847.05) crore
- Year-ago Quarter (June 30, 2025): Net Profit of ₹411.62 crore
Segment-wise Performance:
The Group is mainly engaged in finance and mortgage-backed lending business with all activities conducted within India. There is no separate reportable segment as per Ind AS 108.
Corporate Actions:
Dividend: Not declared
Share Split/Bonus/Buyback: Not specified
Other Significant Information:
Strategic Investment:
- Completed strategic investment by Avenir Investment RSC Ltd (owned by International Holding Company PJSC, Abu Dhabi) in Q4 FY26
- Total committed investment: ₹8,850 crore
- IHC emerged as promoter and controlling shareholder
- One of the largest FDI investments in Indian NBFC sector
Credit Rating Upgrades:
- S&P Global Ratings: Upgraded to 'BB-' with Stable Outlook
- CRISIL: Upgraded to 'CRISIL AA+/Stable'
- CARE Ratings: Upgraded long-term to 'CARE AA+; Stable', perpetual debt to 'CARE AA/Stable'
- ICRA: Upgraded to '[ICRA]AA+/Stable'
- Commercial Paper and Short-Term NCDs reaffirmed at 'CARE A1+'
Business Model Change (Q4 FY26):
- Changed business model for identified pool of non-core exposures aggregating ₹14,953 crore from "Hold to Collect" to "Hold to Sell"
- Resulted in net loss of ₹7,151.95 crores in Q4 FY26 (₹6,499.17 crores as Exceptional Item, ₹652.78 crores in OCI)
ECL Management Overlay:
- Recognized ECL Management Overlay of ₹1,850 crores over model-driven ECL provisions in Q4 FY26
Bond Buybacks:
- Bought back US$45 million of US$450 million 7.5% Senior Secured Social Bonds due 2030
- Subsequent to quarter, bought back US$18 million of US$350 million 9.70% Senior Secured Social Bonds due 2027
Debenture Issuance:
- Subsequent to quarter, allotted ₹1,400 Crores of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures
Corporate Restructuring:
- Scheme of amalgamation with six wholly owned subsidiaries pending NCLT approval
- Scheme of demerger with Sammaan Finserve Limited for NBFC business, shareholder meeting convened for September 10, 2026
ESOP Allotment:
- Issued 2,872,973 equity shares upon exercise of stock options during the quarter
- Increased paid-up equity share capital from ₹2,317,341,316 to ₹2,323,087,262
Entities Included in Consolidation:
1. Sammaan Sales Limited (formerly Ibulls Sales Limited)
2. Sammaan Insurance Advisors Limited (formerly Indiabulls Insurance Advisors Limited)
3. Sammaan Investmart Services Limited (subsidiary of Sammaan Insurance Advisors Limited)
4. Indiabulls Capital Services Limited
5. Sammaan Finserve Limited (formerly Indiabulls Commercial Credit Limited)
6. Sammaan Advisory Services Limited (formerly Indiabulls Advisory Services Limited)
7. Honos Asset Holding Company Limited (formerly Indiabulls Asset Holding Company Limited)
8. Sammaan Asset Management Limited (formerly Indiabulls Investment Management Limited)
9. Pragati Employee Welfare Trust (formerly Indiabulls Housing Finance Limited - Employee Welfare Trust)
Security Cover Certificate:
- Asset cover ratio: 1.21 (on book value), 1.62 (on market value)
- Pari-passu security cover ratio: 1.18
- Company breached certain financial covenants under other borrowing arrangements but confirmed no cross-default provisions triggered for debentures
Statement of Deviation:
- No deviation or variation in utilization of issue proceeds from equity shares and non-convertible debentures
- Monitoring agency: Crisil Ratings Limited