Indiabulls Limited announced a 46.4% increase in profitability for the March quarter of the financial year 2026, marking a significant year highlighted by its merger and strategic shift towards a real estate-focused business model supported by diversified financial services. The company disclosed a profit after tax of Rs 194 crore for the quarter ending on March 31, as per its financial statement. Revenue for the same period was reported at Rs 418 crore.
For the entire financial year 2026, Indiabulls posted a profit after tax of Rs 346 crore on a revenue of Rs 880 crore, resulting in a healthy profit margin of 39.3%. This performance showcases the company’s successful repositioning and enhanced operational efficiency post-restructuring. The real estate segment emerged as the primary earnings contributor, generating around Rs 143 crore at the operating level during the fourth quarter.
Indiabulls recorded sales bookings amounting to Rs 2,752 crore for the full year, with 909 units sold across 21.6 lakh square feet, while collections reached Rs 400 crore. The company’s residential portfolio remains focused on the Rs 2 crore to Rs 6 crore ticket size segment, catering to luxury and mid-income categories in key markets like Delhi NCR, Mumbai, and Ludhiana.
The company also emphasized a robust development pipeline with a gross development value (GDV) exceeding Rs 21,000 crore spread across more than 110.52 lakh square feet, encompassing ongoing, upcoming, and future projects, ensuring clear revenue visibility in the upcoming years. Alongside real estate, its financial services vertical exhibited steady performance, with the stockbroking business reporting revenue of Rs 124.4 crore in FY26, showing a 26% year-on-year growth in the March quarter, supported by client assets surpassing Rs 68,000 crore.
The asset reconstruction business maintained a disciplined approach, with assets under collection amounting to Rs 3,794 crore and recoveries of Rs 288 crore throughout the year. Executive Director and CEO Divyesh Shah commented on the results, stating that FY26 represented a year of significant progress driven by a stronger structure, focused strategy, and a real estate pipeline that promises clear visibility into FY27.
