BSECompany Update2d ago · 5 Nov 2026, 12:34 pm
Please find enclosed Earning Update of the Company for the quarter and half year ended September 30, 2026.
Indiabulls Ltd · 533520
✦ AI Summary▲ PositiveResults
Indiabulls Ltd has announced its Q2 FY27 earnings update, reporting a 31% YoY growth in revenue and a 101% YoY growth in PAT. The company has also raised ₹27,308 Cr in preferential capital and has zero net debt. The development pipeline has expanded to ₹27,308 Cr across stages.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Indiabulls Ltd - 533520 - Announcement under Regulation 30 (LODR)-Investor Presentation
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Date: November 5, 2026
Scrip Code – 533520 IBULLSLTD
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, “Exchange Plaza”,
Dalal Street, Bandra-Kurla Complex, Bandra (E).
MUMBAI – 400 001 MUMBAI – 400 051
Sub: Earning Update for the quarter and half year ended September 30, 2026
Dear Sir,
Please find enclosed Earning Update of Indiabulls Limited (formerly Yaari Digital Integrated
Services Limited) for the quarter and half year ended September 30, 2026, for your information
and record.
Thanking you,
Yours truly,
For Indiabulls Limited
(formerly Yaari Digital Integrated Services Limited)
Ram Mehar
Company Secretary
Encl: as above
Indiabulls Limited
(formerly Yaari Digital Integrated Services Limited)
Registered Office: 5th Floor, Plot No. 108, IT Park, Udyog Vihar, Phase 1, Gurgaon – 122016, Haryana | Tel/Fax: 0124 6685800
Corporate Office: One International Center (formerly IFC), Tower - 1, 4th Floor, S. B. Marg, Elphinstone (W), Mumbai – 400013, Maharashtra | Tel: 022 62498580 | Fax: 022 61899600
CIN: L64200HR2007PLC077999, Website: www.indiabulls.com, Email: support@indiabulls.com
INDIABULLS LIMITED
INVESTOR PRESENTATION
Q2 FY27
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Indiabulls Limited (Formerly Yaari Digital Integrated
Services Limited) (the “Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to
purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever.
No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the
Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no
representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and
reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may
consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are
individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to
known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the
performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide,
competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological
implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market
risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from
results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this
Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and
the Company is not responsible for such third-party statements and projections.
All maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of
accuracy, timeliness or completeness.
Q2FY27 Update
+ ₹ 3700 Cr
₹27,308 Cr Preferential capital raise ₹292.1 Cr
₹1,000.07 Cr Capital Raise, with ₹709 Cr PAT - H1 FY27
GDV across 133.2 L sqft
Promoter Commitment
Total GDV increased following the addition of a ₹3,700 ₹250 Cr, representing 25% of the H1 PAT grew 297% YoY, reflecting strong earnings
Cr Dwarka Expressway development issueamount, received during the quarter growth.
+ 1 Project
₹11,714 Cr Zero Net Debt ₹2,600 Cr
GDV under construction in the current
Growth without leverage Accumulated tax credits
financial year
Across 6 projects, with one addition in Q2 Owned land parcels & JVs – no borrowings Tax shield on future profits enhances cash conversion
Financial Snapshot
(₹ in crore)
Quarterly Performance – Q2 FY27
Particulars Q2 FY27 Q2 FY26 YoY Growth
Revenue ₹336.4 ₹256.6 +31%
PAT ₹151.1 ₹75.3 +101%
Half-Yearly Performance - H1 FY27
Particulars H1 FY27 H1 FY26 YoY Growth
Revenue ₹720.8 ₹359.8 +100%
PAT ₹292.1 ₹73.5 +297%
INDIABULLS LIMITED
REAL ESTATE BUSINESS
Performance at Glance
(as on 30th Sept, 2026)
Booking Value Collections
₹ 3,060 Cr ₹ 541 Cr
Area Sold Unit Sold
23.85 Lakh Sqft 1,018 units
• Bookings continue to be driven by recent project launches, while collections are
progressing in line with construction-linked milestones across these projects
• This momentum is expected to support and accelerate the execution and launches of six
projects planned for FY27
Sales are early-cycle:
Unrecognised Construction Revenue
Bookings PAT
Contracted sales milestones recognition
Development Pipeline Expands to ₹27,308 Cr Across Stages
GDV Expanded to ₹27,308 Cr with Addition of New Development Management Project
Project type Launched Projects Projects in Current FY Next Year & Future Pipeline
Number of Size Sales Potential Number of Size Sales Potential Number of Size Sales Potential
projects (L Sqft) (₹ Cr) projects (L Sqft) (₹ Cr) projects (L Sqft) (₹ Cr)
Luxury (₹4cr.- ₹6 cr.) 1 12.13 1,906 3 45.08 8,165 2 30.48 9,595
Mid-income (₹2cr.- ₹4 cr.) 2 16.55 1,744 1 12.70 1,270 - - -
Commercial - - - 2 4.63 2,278 2 11.63 2,350
TOTAL 3 28.68 L Sqft ₹3,650 Cr 6 62.40 L Sqft ₹11,714 Cr 4 42.11 L Sqft ₹11,945 Cr
Addition in Q2 FY27
GDV as on 30th June 2026 Q2 FY27 GDV
₹3,700 Cr
₹23,608 Cr ₹27,308 Cr
New Development Management Project
Aggregate saleable area of 133.2 lakh sqft with a total GDV of ₹27,308 crore
Portfolio mix – Segments wise
Segment Mix
Residential Plotted Land Commercial Mixed Development
Note: Segment mix is by sellable area
Execution Update of Launched Projects
Indiabulls Estate & Club, Sector 104, Gurugram Indiabulls Green Avenue, Kharkhoda, NCR
Indiabulls Heights (Estate & Club Phase 2), Gurugram Indiabulls Tower, Prabhadevi, Mumbai
Project under construction in FY27
Development
Owned Joint Venture
Management
Indiabulls Estate &
Indiabulls Tower, Dwarka
Projects Club, Sector 104, Sector 104 Ludhiana Sector 103 Total
Prabhadevi Expressway^
Phase 3
Location Gurugram Mumbai Gurugram Ludhiana Gurugram Gurugram -
Residential -Mid
Category Residential - Luxury Commercial Residential – Luxury Commercial Residential -
Income
Sellable Area 12.13 L Sqft 1.65 L Sqft 11.95 L Sqft 12.70 L Sqft 2.97 L Sqft 21 L Sqft 62.40 L Sqft
GDV (₹) 2,548 Cr 1,654 Cr 1,917 Cr 1,270 Cr 624 Cr 3,700 Cr ₹11,714 Cr
^New project added in the quarter
The launch pipeline for the current year is aligned with the festive season across upcoming quarters
Projects to be Launched in Next Financial Year & Future Pipeline
Owned Joint Venture
Indiabulls Estate & Club,
Projects Sector 104, Phase 4 Sector 105 Sector 99 Sector 99A Total
Location Gurugram Gurugram Gurugram Gurugram -
Category Residential - Luxury Branded Residence Commercial Commercial -
SaleableArea 16.88 L Sqft 13.60 L Sqft 5.44 L Sqft 6.19 L Sqft 42.11 L Sqft
GDV (₹) 3,883 Cr 5,712 Cr 1,099 Cr 1,250 Cr ₹11,945 Cr
₹3,650Cr ₹11,714 Cr ₹11,945 Cr ₹27,308 Cr
Last year Launched Current Projects Future Launches
Total GDV
(FY26) (FY27)
GDV Build-Up Across Portfolio
(in ₹ cr.)
27,308
133.2 L sqft
Aggregate saleable ar
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