Indiabulls Q4: ₹194 Cr Net Profit vs ₹164 Cr Loss YoY, Revenue Jumps to ₹408 Cr
Indiabulls Limited achieved remarkable Q4 financial turnaround with consolidated net profit of ₹194 crore against previous year loss of ₹164 crore. Revenue surged to ₹408 crore from ₹100 crore year-on-year, representing 308% growth. The company delivered strong performance across diversified business segments including real estate, broking, and asset reconstruction.
*this image is generated using AI for illustrative purposes only.
Indiabulls Limited has delivered exceptional Q4 financial performance, reporting consolidated net profit of ₹194 crore compared to a loss of ₹164 crore in the same quarter previous year. The company's revenue surged dramatically to ₹408 crore from ₹100 crore year-on-year, representing a remarkable turnaround in operational performance.
Outstanding Financial Turnaround
The latest quarterly results demonstrate Indiabulls' successful transformation across key financial metrics. The company achieved a robust profit margin of 46.40% in Q4, showcasing strong operational efficiency and cost management. For the full fiscal year FY26, consolidated total income reached ₹880.78 crore while PAT stood at ₹346.13 crore, representing a remarkable transformation from the previous year's loss of ₹272.73 crore.
| Performance Comparison: | Q4 Current | Q4 Previous | Growth |
|---|---|---|---|
| Net Profit: | ₹194 Cr | Loss ₹164 Cr | Turnaround |
| Revenue: | ₹408 Cr | ₹100 Cr | 308% |
| Profit Margin: | 46.40% | - | Strong |
| FY26 Total Income: | ₹880.78 Cr | - | - |
Board Meeting and Regulatory Compliance
The Board of Directors meeting was conducted on April 29, 2026, from 2:00 PM to 3:20 PM, approving the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. G A R U D & Associates (formerly M/s. Raj Girikshit & Associates), Chartered Accountants, issued an unmodified audit opinion on the financial results.
Business Segment Performance
The company's diversified business portfolio contributed significantly to the strong performance. The real estate development segment reported revenue of ₹266.67 crore in Q4 with segment profit before tax of ₹143.29 crore. The broking division generated revenue of ₹33.53 crore in Q4 and ₹123.40 crore for the full year. The asset reconstruction segment contributed ₹7.89 crore in Q4 revenue and ₹176.78 crore for FY26.
| Business Segments: | Q4 Revenue | FY26 Revenue |
|---|---|---|
| Real Estate Development: | ₹266.67 Cr | ₹266.67 Cr |
| Broking Activities: | ₹33.53 Cr | ₹123.40 Cr |
| Asset Reconstruction: | ₹7.89 Cr | ₹176.78 Cr |
| Equipment Renting: | ₹9.35 Cr | ₹38.81 Cr |
Composite Scheme Impact
The financial results reflect the successful implementation of the Composite Scheme of Arrangement that became effective on October 14, 2025, amalgamating 17 companies including Dhani Services Limited and Indiabulls Enterprises Limited. The company issued 222.39 crore equity shares to shareholders of amalgamating companies on November 4, 2025, increasing paid-up equity share capital to ₹464.88 crore. As at March 31, 2026, consolidated total assets stood at ₹4,173.43 crore with total equity attributable to owners of ₹3,083.37 crore.
Historical Stock Returns for Indiabulls
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.71% | -10.79% | +1.59% | -10.52% | +16.81% | -79.98% |
Can Indiabulls sustain its 46.40% profit margin in upcoming quarters amid potential market volatility and increased competition?
How will the integration of 17 amalgamated companies under the Composite Scheme affect operational synergies and cost structure in FY27?
What impact could rising interest rates and regulatory changes have on Indiabulls' real estate development segment performance?
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