Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Indiabulls Limited
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0 | 0 | 0 | -0 | 0 | 0 | 115 | 106 | 102 | 92 | 236 | 97 | 409 |
| Expenses + | 4 | 1 | 1 | 2 | 1 | 0 | 103 | 82 | 284 | 78 | 129 | 111 | 238 |
| Operating Profit | -4 | -1 | -1 | -2 | -1 | -0 | 12 | 24 | -182 | 14 | 107 | -14 | 170 |
| OPM % | -408% | 11% | 23% | -180% | 15% | 45% | -15% | 42% | |||||
| Other Income + | 0 | 0 | 0 | 3 | 0 | 0 | 12 | 14 | 48 | 12 | 20 | 6 | -55 |
| Interest | 66 | 4 | 4 | 5 | 6 | 5 | 22 | 7 | 13 | 8 | 15 | 10 | 10 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Profit before tax | -70 | -6 | -6 | -4 | -7 | -5 | -8 | 22 | -157 | 7 | 103 | -28 | 96 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 69% | 114% | 4% | 125% | 27% | -384% | -102% |
| Net Profit + | -71 | -6 | -6 | -4 | -7 | -5 | -13 | -3 | -164 | -2 | 75 | 78 | 194 |
| EPS in Rs | -7.05 | -0.55 | -0.57 | -0.37 | -0.67 | -0.53 | -1.17 | -0.37 | -16.26 | 0.04 | 0.07 | 0.34 | 0.84 |
Financials of Indiabulls Limited
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 207 | 310 | 223 | 233 | 171 | 225 | 168 | 1 | 0 | 0 | -6 | 833 |
| Expenses + | 163 | 225 | 193 | 182 | 173 | 281 | 163 | 95 | 11 | 5 | 2 | 557 |
| Operating Profit | 45 | 85 | 31 | 51 | -2 | -56 | 5 | -93 | -11 | -5 | -8 | 277 |
| OPM % | 22% | 27% | 14% | 22% | -1% | -25% | 3% | -7,349% | -10,309% | -22,850% | -46% | 33% |
| Other Income + | 0 | 2 | 20 | 32 | 179 | -49 | 74 | 20 | 185 | 3 | 1 | -17 |
| Interest | 13 | 45 | 36 | 43 | 42 | 130 | 125 | 57 | 87 | 19 | 60 | 43 |
| Depreciation | 17 | 36 | 27 | 28 | 26 | 32 | 29 | 2 | 1 | 0 | 0 | 37 |
| Profit before tax | 15 | 6 | -13 | 12 | 108 | -267 | -75 | -132 | 85 | -22 | -68 | 179 |
| Tax % | -21% | -18% | 1% | 37% | 28% | 10% | 17% | 11% | -12% | 0% | 0% | -93% |
| Net Profit + | 18 | 7 | -13 | 8 | 78 | -293 | -88 | -146 | 95 | -22 | -68 | 346 |
| EPS in Rs | 3.50 | 1.40 | -4.15 | 0.63 | 8.21 | -33.09 | -10.58 | -16.32 | 9.45 | -2.15 | -6.79 | 1.18 |
| Dividend Payout % | 0% | 0% | 0% | 159% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Indiabulls Limited
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 11 | 18 | 18 | 18 | 20 | 20 | 20 | 20 | 447 |
| Reserves | 870 | 877 | 310 | 472 | 1,415 | 290 | 394 | -314 | -243 | -254 | -296 | 2,637 |
| Borrowings + | 293 | 447 | 697 | 671 | 342 | 1,141 | 332 | 502 | 214 | 244 | 263 | 459 |
| Other Liabilities + | 62 | 727 | 138 | 72 | 196 | 235 | 881 | 85 | 46 | 36 | 37 | 632 |
| Total Liabilities | 1,235 | 2,060 | 1,155 | 1,226 | 1,971 | 1,684 | 1,625 | 294 | 38 | 46 | 24 | 4,173 |
| Fixed Assets + | 690 | 937 | 604 | 502 | 420 | 355 | 235 | 6 | 1 | 0 | 0 | 571 |
| CWIP | 6 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 222 | 874 | 541 | 589 | 48 | 22 | 31 | 3 | 118 |
| Other Assets + | 539 | 1,124 | 551 | 502 | 677 | 788 | 801 | 239 | 15 | 14 | 21 | 3,484 |
| Total Assets | 1,235 | 2,060 | 1,155 | 1,226 | 1,971 | 1,684 | 1,625 | 294 | 38 | 46 | 24 | 4,173 |
Financials of Indiabulls Limited
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 21 | 168 | -529 | -76 | -175 | -218 | 841 | -487 | -11 | -12 | 5 | 194 |
| Cash from Investing Activity + | -45 | -271 | 571 | -19 | -549 | -499 | 179 | 328 | 223 | 0 | 54 | 38 |
| Cash from Financing Activity + | 19 | 107 | -30 | 97 | 709 | 717 | -1,004 | 157 | -212 | 12 | -41 | -216 |
| Net Cash Flow | -5 | 4 | 13 | 2 | -14 | -0 | 16 | -2 | -1 | -0 | 19 | 17 |
| Free Cash Flow | -31 | -99 | -537 | 15 | -244 | -212 | 950 | -490 | -11 | -12 | 5 | 161 |
| CFO/OP | 51% | 217% | -1,709% | -152% | 7,948% | 343% | 15,509% | 516% | 107% | 44% | -87% | 68% |
Financials of Indiabulls Limited
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 134 | 68 | 77 | 158 | 185 | 131 | 180 | 167 | 1,560 | 0 | 0 | 33 |
| Inventory Days | 229 | 450 | 244 | 0 | ||||||||
| Days Payable | 360 | 490 | 239 | |||||||||
| Cash Conversion Cycle | 4 | 68 | 77 | 118 | 190 | 131 | 180 | 167 | 1,560 | 0 | 0 | 33 |
| Working Capital Days | 294 | 364 | 53 | -457 | 668 | -1,125 | -780 | -15,801 | -105,916 | -457,528 | -17,180 | 629 |
| ROCE % | 3% | 4% | 2% | 3% | 1% | 1% | 2% | -14% | 174% | -338% | 16% |