Indiabulls Limited Earnings Summary — Q1 FY2027
Indiabulls Limited Reports Sharp Q1 Turnaround as Revenue Surges to ₹359 Crore Post-Restructuring
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 12.0% sequentially in Q1 FY2027.
- Revenue of ₹359 Cr is 292.3% higher year-on-year.
- Revenue has compounded at 91.9% annualised over the last 10 quarters.
- Net profit of ₹143 Cr is 35647.5% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 35647.5% annualised across the period.
- Operating margin stands at 42.8% in Q1 FY2027.
- Operating margin expanded by 2806 bps year-on-year.
- PBT margin is 44.8%.
- Expense growth of 163.1% remained below revenue growth of 292.3%.
- Operating profit of ₹154 Cr is 1038.5% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 4 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 72/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Volatile | 359 | 409 | 97 | 236 | 92 | 102 | 106 | 115 | — | — |
| Expenses | Volatile | 206 | 238 | 111 | 129 | 78 | 284 | 82 | 103 | 0 | 1 |
| Operating Profit | Volatile | 154 | 170 | -14 | 107 | 14 | -182 | 24 | 12 | -0 | -1 |
| Operating Margin | Volatile | 42.8% | 41.6% | -14.7% | 45.4% | 14.8% | -179.5% | 22.8% | 10.6% | — | — |
| Other Income | Volatile | 25 | -55 | 6 | 20 | 12 | 48 | 14 | 12 | 1 | 0 |
| Interest | Volatile | 10 | 10 | 10 | 15 | 9 | 13 | 7 | 22 | 5 | 6 |
| Depreciation | Volatile | 8 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 0 | 0 |
| Profit Before Tax | Volatile | 161 | 96 | -28 | 103 | 7 | -157 | 22 | -8 | -5 | -7 |
| Tax | Volatile | 20 | -98 | -106 | 28 | 9 | 7 | 25 | 5 | — | — |
| Net Profit | Volatile | 143 | 196 | 79 | 1 | 0 | -163 | -4 | -12 | -5 | -7 |
| Net Margin | Volatile | 39.8% | 48.0% | 81.9% | 0.3% | 0.4% | -160.8% | -3.5% | -10.2% | — | — |
Key Takeaways
- Revenue surged nearly 300% YoY to ₹359.45 crore, primarily driven by Real Estate development and Financing activities.
- The quarter marks a significant turnaround from a loss of ₹1.81 crore in the same period last year to a profit of ₹141.02 crore.
- Real Estate development emerged as a major contributor with segment revenue of ₹106.03 crore, up from zero in the previous year.
- Net gain on fair value changes contributed ₹125.06 crore to the topline, more than doubling sequentially.
- Completed a massive restructuring and amalgamation involving 17 subsidiaries and Dhani Services, resulting in restated historical figures.
- The company approved a massive ₹1000.07 crore warrant issue to promoter and non-promoter groups to bolster liquidity.
- Employee stock options under a new 2025 scheme were granted and exercised, indicating a reset in management incentives post-merger.
Management Guidance
The board has approved a preferential issue of warrants for cash consideration aggregating up to ₹1,000.07 crore to Promoter and Non-Promoter entities, signaling a major capital infusion to support reorganized operations.
Sentiment Shift
Improving
The transition from a near-zero revenue shell to a multi-segment services company post-merger has stabilized the bottom line, though dependency on fair value gains remains high.
Outlook
The company is pivoting toward a hybrid model of Real Estate, Asset Reconstruction, and Broking; however, historical volatility and the recent massive equity expansion create uncertainty regarding per-share value long-term.
From the Annual Report (Key Quotes)
“The Group has restated the comparative numbers... to give effect to the Scheme from the Appointed Date i.e. 01 April 2023.”
“Board of Directors... approved a Preferential Issue of upto 51,55,00,000 warrants... aggregating upto ₹ 1000.07 crore.”
“Other income includes reversal of liabilities of ₹ 18.10 Crore.”
Official Quarterly Documents
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This summary is AI-generated from Indiabulls Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.