Indiabulls
Indiabulls Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
3 of 5 strong
The short version
Real estate is the primary growth driver, expected to contribute nearly 80% of group profit. Indiabulls expects to double its PAT in FY27 and again by FY28, targeting INR600-700 crores PAT next year and INR1,200 crores PAT subsequently.
From Indiabulls's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Real estate is the primary growth driver, expected to contribute nearly 80% of group profit.
- Current GDV potential stands at over INR 21,000 crores with a sellable area exceeding 1.1 crore sq ft.
- FY27 real estate profits expected to at least double from FY26 levels; FY28 profits projected to triple.
- Pipeline includes 40 lakh sq ft planned launches in the current year and 42 lakh sq ft in future projects.
- Broking business focusing on online discount broking with new products and tech platforms; expected steady growth.
- Asset reconstruction business growing steadily, with profits anticipated to begin from next year.
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Profitability & Margins
See what Indiabulls said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Indiabulls is investing in expanding its broking business, focusing on online discount broking with a new team and multiple product launches planned this year.
- In real estate, capital expenditure of approximately INR 600 crores is planned for the Worli commercial project, which is under construction and expected to complete in 3-4 years.
- Indiabulls Tower in Prabhadevi, Mumbai, a commercial leased property, is expected to generate stable annuity income of INR 100-120 crores per year.
- Investment in Spring Cash (US-based SMB business) was made about 6 months ago at a valuation of $30 million, with plans for multiple fundraises at higher valuations over time.
2 more points from Indiabulls's call on capex
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Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Indiabulls said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Indiabulls has a total Gross Development Value (GDV) potential of approximately INR 21,000+ crores from real estate projects.
- The company has a sellable area exceeding 1.1 crore square feet across residential, commercial, plotted, and mixed-use developments in Gurugram, Mumbai, and Ludhiana.
- For FY26, about 40 lakh square feet of area have been launched.
- There is a pipeline of 1.1 crore square feet of area planned for launch beyond FY26.
- Projects are at various stages including planning, approval, and design phases.
- The company expects to complete all projects and realize cash inflows by FY31 or FY32.
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Indiabulls — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹409 Cr, net profit ₹194 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Indiabulls Limited's management said in earlier quarters
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Frequently Asked Questions
What were Indiabulls Q4 FY26 results?
Real estate is the primary growth driver, expected to contribute nearly 80% of group profit. Indiabulls expects to double its PAT in FY27 and again by FY28, targeting INR600-700 crores PAT next year and INR1,200 crores PAT subsequently.
What is Indiabulls share price analysis?
Indiabulls currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 12.3 with a market cap of ₹5,959 Cr. Investors should review the full earnings analysis for detailed insights.
Is Indiabulls planning capital expenditure?
Indiabulls is investing in expanding its broking business, focusing on online discount broking with a new team and multiple product launches planned this year.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.