Yaari Digital Integrated Services , now operating as Indiabulls Limited following the NCLT-approved amalgamation with Dhani Services Limited and Indiabulls Enterprises Limited, has announced its first consolidated quarterly results for Q2 FY26. The company has reported robust financial performance and significant developments across its business verticals.

Financial Highlights

The merged entity has emerged as a debt-free company with no outstanding loans or Non-Convertible Debentures (NCDs).

Promoter Confidence

In a strong show of confidence, promoters converted warrants worth ₹406 crore at ₹90.30 per share, increasing their shareholding to 32.8% in the company.

Business Verticals

Indiabulls Limited operates through two main business verticals:

1. Real Estate

The real estate segment has shown promising results:

• Sales of over ₹2,000 crore achieved till September 30, 2025
• Total sales expected to reach ₹3,400 crore for the financial year

The company has multiple residential and commercial projects under development across owned and joint venture categories.

2. Financial Services

The financial services segment encompasses various offerings:

• 16.4% stake in SpringCash LLC, a US-based AI-powered SMB lending platform
• Stock broking business with 1.75 lakh active demat accounts holding over ₹65,000 crore in assets
• UPI services launching in Q3 FY26
• Dhani wallet with 3.5 million wallets
• Asset Reconstruction Company (ARC) business managing loan recovery portfolios worth approximately ₹3,000 crore

Management Restructuring

Following the merger, Indiabulls Limited has announced several key management changes:

• Mr. Gurbans Singh appointed as Executive Chairman
• Mr. Divyesh B. Shah appointed as Chief Executive Officer
• Dr. Prabhat Kumar, Mr. Rajinder Singh Nandal, and Brig. Labh Singh Sitara (Retd.) appointed as Independent Directors
• Mr. Rajeev Lochan Agrawal appointed as Chief Financial Officer
• Mr. Ram Mehar Garg appointed as Company Secretary and Compliance Officer

Future Outlook

With a strong balance sheet, diverse business portfolio, and experienced leadership team, Indiabulls Limited appears well-positioned for growth. The company's focus on real estate development and expansion of financial services, particularly in the digital space, suggests a strategic approach to capitalize on emerging market opportunities.

Yaari Digital Integrated Services , now known as Indiabulls Limited, has reported a significant turnaround in its financial performance for the quarter ended September 30, following a comprehensive merger and corporate restructuring.

Financial Highlights

The company posted a consolidated profit after tax of ₹75.31 crore for the quarter, compared to a loss of ₹13.39 crore in the same period last year. This improvement comes on the back of a substantial increase in total revenue from operations, which rose to ₹236.27 crore from ₹114.89 crore year-on-year.

Key financial metrics for the quarter:

The company's performance was particularly strong in its asset reconstruction activities, which contributed significantly to the revenue growth.

Merger and Corporate Restructuring

The financial results come in the wake of a major corporate restructuring event. The National Company Law Tribunal (NCLT), Chandigarh Bench, approved a scheme of arrangement on August 29, which became effective on October 14. This scheme involved the merger of multiple companies, including Dhani Services Limited and Indiabulls Enterprises Limited, into Indiabulls Limited.

As part of this restructuring:

1. The company changed its name from Yaari Digital Integrated Services Limited to Indiabulls Limited.
2. A significant board restructuring took place, with new appointments including:
   • Mr. Gurbans Singh as Executive Chairman
   • Mr. Divyesh B. Shah as CEO
   • Three new independent directors

Share Issuance

Following the merger, Indiabulls Limited is in the process of issuing new equity shares:

• 1,92,43,01,572 shares to shareholders of Amalgamating Company 1
• 21,81,70,697 shares to shareholders of Amalgamating Company 2
• 8,14,67,610 shares to shareholders of the Demerged Company

Segment Performance

The company's segment-wise performance showed varied results:

The asset reconstruction segment emerged as the standout performer, contributing significantly to the overall profitability.

Outlook

The positive financial results, coupled with the extensive corporate restructuring, indicate that Indiabulls Limited may be positioning itself for growth in its core areas of finance, asset reconstruction, and real estate. However, the varied performance across segments suggests that challenges remain in certain business areas.