Indiabulls Q4 Results: Strong Profit and Revenue Growth Driven by Real Estate

Indiabulls Limited has reported impressive financial results for the quarter ended 31 March 2026. The company posted a revenue of Rs 418 crore and a Profit After Tax (PAT) of Rs 194 crore, with margins improving to 46.4 per cent. These results come after the company completed its merger and transitioned into a real estate-led business supported by diversified financial services.

For the full fiscal year 2026 (FY26), Indiabulls reported a revenue of Rs 880 crore and a PAT of Rs 346 crore. The company highlighted stable profitability and margin strength, with overall margins at 39.3 per cent, reflecting operational efficiency following its restructuring phase.

The real estate segment remained the primary earnings driver for Indiabulls. In Q4FY26, the segment contributed approximately Rs 143 crore at the operating level. For the full year, the company reported sales bookings of Rs 2,752 crore, supported by 909 units sold and total area sales of 21.6 lakh sq ft. Collections for FY26 stood at Rs 400 crore. The company's residential portfolio remains focused on the Rs 2–6 crore price segment, with projects located across Delhi NCR, Mumbai, and Ludhiana.

Indiabulls reported a gross development value (GDV) pipeline of over Rs 21,000 crore, covering 110.52 lakh sq ft. This includes launched projects, upcoming launches, and future developments. The company stated that this pipeline provides visibility for future revenue generation over the coming years.

The financial services segment continued to operate alongside the real estate business. The stock broking business reported revenue of Rs 124.4 crore for FY26, with Q4 revenue growing 26 per cent year-on-year. Client assets under management stood at over Rs 68,000 crore. The asset reconstruction business reported assets under collection of Rs 3,794 crore, with recoveries of Rs 288 crore during FY26. The company said this segment continued to follow a disciplined approach to capital deployment and recoveries.

Indiabulls Limited operates across real estate and financial services. The real estate business includes residential, commercial, and mixed-use developments, while the financial services arm includes stock broking, digital lending, payments, wallet infrastructure, and asset reconstruction, operating within regulated frameworks. The company stated that FY26 marked a phase of structural transition, with a focus on real estate-led growth and financial services diversification supporting overall business stability.