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Indiabulls Limited Q2 & H1 FY27: Real Estate GDV Pipeline Expands to ₹27,308 Cr

Indiabulls Limited reports Q2 & H1 FY27 results with a doubling of PAT, expanded real estate GDV pipeline to ₹27,308 crore.

Deputy Editor, Equities for tradealone

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Indiabulls Limited Ibullsltd Q2 FY27 Results

Indiabulls Limited today announced its financial and operational results for the quarter ending 30th September 2026. The company’s profit after tax (PAT) more than doubled, reflecting robust performance across its segments. Notably, the real estate division’s gross development value (GDV) pipeline expanded to ₹27,308 crore, driven by new project additions and strategic growth initiatives.

Equity Funded Growth

During the quarter, Indiabulls Limited received ₹250 crore, representing 25% of the ₹1,000.07 crore preferential capital raise approved to fund its growth pipeline entirely through equity. The company continues to maintain a zero net debt position, ensuring financial stability.

Real Estate Operations

The company added a new project on the Dwarka Expressway through a development management arrangement, with a GDV of ₹3,700 crore and a saleable area of 21 lakh sq.ft. The portfolio now stands at a GDV of ₹27,308 crore across 13 projects, spanning 133.2 lakh sq. ft. As of 30 September 2026, the company had recorded bookings of ₹3,060 crore and collections of ₹541 crore, with 1,018 units sold across 23.85 lakh sq.ft.

Financial Services

As of September 2026, the company’s asset reconstruction platform, IARCL, reported fee-paying Assets Under Management (AUM) of ₹588.41 crore, assets under collection of ₹4,049.81 crore, and the capital adequacy ratio stood at 100.07%, significantly higher than the regulatory minimum requirement of 15%. The company’s broking business added 19,034 new clients during the period, representing a 149% year-on-year increase, taking its total client base to 9.8 lakh.

Looking ahead, Indiabulls Limited expects to further expand its real estate development pipeline to approximately ₹30,000 crore GDV during this quarter. The company remains focused on sustainable growth, operational discipline, and value creation for stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Indiabulls Limited

Indiabulls Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

IBULLSLTD
Real Estate › Real Estate - Development
BREAKOUT
76
Fundamental
94
Technical
85
Overall

1W -3.28%
1M +23.03%
3M +22.18%
P/E: 18.9 Cap: Mid
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Indiabulls gains 22.2% over three months and trades near its 52-week highs. The PEG of 0.45 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Industry-leading margins of 36.1% reflect exceptional pricing power and operational efficiency. Buyers show up with 1.6x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 1863.2%, profits at 42.4%, and the PEG sits at 0.45 — below its growth rate. That combination is rare. Check Fundamentals of Indiabulls Limited.

IBULLSLTD

Indiabulls Limited (ibullsltd) Q1 FY27: Debt-free Growth, 36.7% PAT Margin & ₹23,608 Cr GDV Pipeline

Indiabulls Limited reports Q1 FY27 results with a zero-debt balance sheet, 36.7% PAT margin, and ₹23,608 Cr GDV pipeline.

kuldeep yadav tradealone

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Indiabulls Limited Ibullsltd Q1 FY27 Results

Indiabulls Limited today announced its financial and operational results for the first quarter of FY27, reporting continued growth on a zero-debt balance sheet. The company’s financial highlights for Q1FY27 include a revenue of ₹384.4 crore, a profit after tax (PAT) of ₹141.0 crore, and a PAT margin of 36.7%. The company’s net worth stands at ₹3,255 crore, maintaining a zero net debt position.

Zero Net Debt Expansion

The company approved a ₹1,000.07 crore preferential capital raise to fund its growth pipeline entirely through equity, with promoters committing ₹709 crore, approximately 71% of the raise. Net debt remains zero, with proceeds directed toward land acquisition, construction of the FY27 launch pipeline, and general corporate purposes.

Real Estate Operations

For the quarter, the company recorded bookings of ₹3,003 crore and collections of ₹519 crore across 22.75 lakh sqft and 965 units sold. The company’s total GDV stands at ₹23,608 crore across 112.2 lakh sqft and 12 projects, comprising ₹3,650 crore launched in FY26, an ₹8,014 crore FY27 launch pipeline across five projects, and ₹11,945 crore future pipeline. The portfolio is spread across key markets, including the National Capital Region (NCR), Mumbai, and Ludhiana.

About Indiabulls Ltd: Indiabulls Limited operates across Real Estate and Financial Services, with a focus on creating sustainable long-term value through disciplined capital allocation, transparent governance, and strong execution. In Real Estate, the company develops residential, commercial, and mixed-use projects with an emphasis on quality, timely delivery, and customer experience.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Indiabulls Limited

Indiabulls Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

IBULLSLTD
Real Estate › Real Estate - Development
BREAKOUT
76
Fundamental
94
Technical
85
Overall

1W -3.28%
1M +23.03%
3M +22.18%
P/E: 18.9 Cap: Mid
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Indiabulls gains 78.1% over three months and trades near its 52-week highs. The PEG of 0.55 signals undervaluation relative to growth. It is a potential re-rating candidate. Industry-leading margins of 31.1% reflect exceptional pricing power and operational efficiency. The stock trades at 87% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 1390.6%, profits at 42.4%, and the PEG sits at 0.55 — below its growth rate. That combination is rare. Check Fundamentals of Indiabulls Limited.

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