BSECompany Update2d ago · 5 Nov 2026, 12:48 pm
Please find enclosed Press Release of the Company for the quarter and half year ended September 30, 2026.
Indiabulls Ltd · 533520
✦ AI Summary▲ PositiveResults
Indiabulls Ltd reported Q2 and H1 FY27 results, with revenue growing 31% YoY and PAT rising 101% YoY. The company added a new project on the Dwarka Expressway with a GDV of ₹3,700 crore and expanded its real estate pipeline to ₹27,308 crore. The company also reported a zero net debt position and added 19,034 new clients in its broking business.
Analysis Scores
Earnings Impact8/10
Growth Catalyst7/10
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)-Press Release / Media Release
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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: Press Release w.r.t the Financial Results of the Company for the quarter and half
year ended September 30, 2026
Dear Sir,
Please find enclosed Press Release of Indiabulls Limited (formerly Yaari Digital Integrated
Services Limited) w.r.t its Financial Results 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
Press Release
Indiabulls Limited Reports Q2 & H1 FY27 Results
Q2 PAT More Than Doubles; Real Estate GDV Pipeline Expands to ₹27,308 Cr
Revenue grows 31% YoY, with PAT rising 101% YoY
Indiabulls Limited today announced its financial and operational results for the quarter ending 30th
September 2026.
Financial Highlights - Q2 & H1 FY27
Revenue from Operations PAT
Q2FY27 H1FY27 Q2FY27 H1FY27
₹ 336.4 Cr ₹ 720.8 Cr ₹ 151.1 Cr ₹ 292.1 Cr
+31% +100% +101% +297%
YoY YoY YoY YoY
Equity Funded Growth
During the quarter, the Company received ₹250 crore, representing 25% of the ₹1,000.07 crore preferential capital
raise approved to fund its growth pipeline entirely through equity. The Company continues to maintain a zero net debt
position.
Real Estate Operations
During the quarter, the Company added a new project on the Dwarka Expressway through a development
management arrangement, with a Gross Development Value (GDV) of ₹3,700 crore and a saleable area of 21 lakh
sq.ft.
The Company's portfolio now stands at a GDV of ₹27,308 crore across 13 projects, spanning 133.2 lakh sq. ft. This
comprises ₹3,650 crore of projects launched in FY26, a FY27 pipeline of ₹11,714 crore across six projects, including the
newly added Dwarka Expressway project (GDV ₹3,700 crore), and a future pipeline of ₹11,945 crore.
As of 30 September 2026, the Company had recorded bookings of ₹3,060 crore and collections of ₹541 crore, with
1,018 units sold across 23.85 lakh sq.ft. The portfolio is strategically diversified across key real estate markets,
including the National Capital Region (NCR), Mumbai, and Ludhiana.
Financial Services
As of September 2026, the Company's asset reconstruction platform, IARCL, reported fee-paying Assets Under
Management (AUM) of ₹588.41 crore, assets under collection of ₹4,049.81 crore, and the capital adequacy ratio
stood at 100.07%, significantly higher than the regulatory minimum requirement of 15%, reflecting a substantially
unleveraged balance sheet.
The Company's broking business added 19,034 new clients during the period, representing a 149% year-on-year
increase, taking its total client base to 9.8 lakh. Client activation rate increased to 34.7%, compared with 23.0% in
Q2FY26.
Business Update
The Company has mutually agreed to terminate the acquisition agreement with Fintech Cloud Private Limited dated
September 11, 2026, and the proposed acquisition will not proceed.
The Company expects to further expand its real estate development pipeline to approximately ₹ 30,000 crore GDV
during this quarter.
Press Release
About Indiabulls Limited:
Indiabulls Limited operates across Real Estate and Financial Services, with a focus on creating
sustainable long-term value through disciplined capital allocation, transparent governance, and
strong execution. In Real Estate, the company develops residential, commercial, and mixed-use
projects with an emphasis on quality, timely delivery, and customer experience.
In Financial Services, Indiabulls operates a stock broking business, along with digital lending,
payments, wallet infrastructure, and an ARC business, within regulated frameworks and compliant
processes. Indiabulls Limited follows a long-term development approach prioritising value creation
for stakeholders through disciplined project execution in real estate, supported by prudent
expansion of its financial services offerings. The company remains focused on sustainable growth,
operational discipline.
Safe Harbour:
Any forward-looking statements about expected future events, financial and operating results of the Company
are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements
are subject to risks and uncertainties. Actual results might differ substantially or materially from those
expressed or implied. Important developments that could affect the Company’s operations include a
downtrend in the industry, global or domestic or both, significant changes in political and economic
environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations,
technological changes, investment and business income, cash flow projections, interest, and other costs. The
Company does not undertake any obligation to update forward looking statements to reflect events or
circumstances after the date thereof.
Contact Details:
Indiabulls Limited Investor Relations: MUFG
Ms. Ayushi Gupta
CIN: L64200HR2007PLC077999 Email: ayushi.gupta@in.mpms.mufg.com
Contact: +91 9099503465
Mr. Nikunj Seth
Mr. Sidharth Nathani – Head of Investor Relations
Email: nikunj.seth@in.mpms.mufg.com
Email: ir@indiabulls.com
Contact: +91 9773397958