| Scrip code | 533520 |
|---|---|
| NSE Symbol | IBULLSLTD |
| MSEI Symbol | NOTLISTED |
| ISIN | INE126M01010 |
| Name of company | INDIABULLS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 05-11-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 02-11-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Second quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 05-11-2026 11:30:00 |
| End date and time of board meeting | 05-11-2026 12:20:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 5,246.00 | 10,472.00 |
| (ii) | Dividend Income | 0.00 | 0.00 |
| (iii) | Rental Income | 0.00 | 0.00 |
| (iv) | Fees and commission Income | 2,646.00 | 5,454.00 |
| (v) | Net gain on fair value changes | 7,680.00 | 20,186.00 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 |
| (vii) | Sale of products (including Excise Duty) | 0.00 | 0.00 |
| (viii) | Sale of services | 0.00 | 0.00 |
| (ix) | Other revenue from operations | ||
| 1 | Revenue from real estate projects and other development activities | 16,520.00 | 26,977.00 |
| 2 | Income from equipment renting services | 499.00 | 1,349.00 |
| 3 | Others | 593.00 | 4,691.00 |
| Total other revenue from operations | 17,612.00 | 33,017.00 | |
| Total Revenue From Operations | 33,184.00 | 69,129.00 | |
| Other income | 455.00 | 2,952.00 | |
| Total income | 33,639.00 | 72,081.00 | |
| 2 | Expenses | ||
| Cost of materials consumed | 7,303.00 | 11,668.00 | |
| Purchases of stock-in-trade | 0.00 | 0.00 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| Employee benefit expense | 4,709.00 | 10,009.00 | |
| Finance costs | 966.00 | 1,930.00 | |
| Depreciation, depletion and amortisation expense | 797.00 | 1,637.00 | |
| Fees and commission expense | 415.00 | 890.00 | |
| Net loss on fair value changes | 0.00 | 0.00 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 | |
| Impairment on financial instruments | 478.00 | 5,504.00 | |
| (f) | Other expenses | ||
| 1 | Other expenses | 3,082.00 | 8,468.00 |
| Total other expenses | 3,082.00 | 8,468.00 | |
| Total expenses | 17,750.00 | 40,106.00 | |
| 3 | Total profit before exceptional items and tax | 15,889.00 | 31,975.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 15,889.00 | 31,975.00 |
| 7 | Tax expense | ||
| 8 | Current tax | 371.00 | 623.00 |
| 9 | Deferred tax | 406.00 | 2,138.00 |
| 10 | Total tax expenses | 777.00 | 2,761.00 |
| 11 | Net Profit Loss for the period from continuing operations | 15,112.00 | 29,214.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 17 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 15 | Total profit (loss) for period | 15,112.00 | 29,214.00 |
| 16 | Other comprehensive income net of taxes | 393.00 | 107.00 |
| 17 | Total Comprehensive Income for the period | 15,505.00 | 29,321.00 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 15,109.00 | 29,408.00 | |
| Total profit or loss, attributable to non-controlling interests | 3.00 | (194.00) | |
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 15,502.00 | 29,515.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 3.00 | (194.00) | |
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 45,527.00 | 45,527.00 | |
| Face value of equity share capital | 2 | 2 | |
| 21 | Reserves excluding revaluation reserve | ||
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 0.66 | 1.29 | |
| Diluted earnings per share from continuing operations | 0.61 | 1.2 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | 0.66 | 1.29 | |
| Diluted earnings per share | 0.61 | 1.2 | |
| 23 | Debt equity ratio | ||
| 24 | Debt service coverage ratio | ||
| 25 | Interest service coverage ratio | ||
| 26 | Disclosure of notes on financial results | ||
| 23 | Debt equity ratio | |
|---|---|---|
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| A | Date of start of reporting period | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated |
| Statement of cash flows | ||
| Cash flows from used in operating activities | ||
| Profit before tax | 31,975.00 | |
| Adjustments for reconcile profit (loss) | ||
| Adjustments for finance costs | 1,930.00 | |
| Adjustments for decrease (increase) in inventories | (4,424.00) | |
| Adjustments for decrease (increase) in trade receivables, current | (1,213.00) | |
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |
| Adjustments for decrease (increase) in other current assets | (3,883.00) | |
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |
| Adjustments for other financial assets, non-current | 0.00 | |
| Adjustments for other financial assets, current | 6,707.00 | |
| Adjustments for other bank balances | 0.00 | |
| Adjustments for increase (decrease) in trade payables, current | (319.00) | |
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |
| Adjustments for increase (decrease) in other current liabilities | (11,664.00) | |
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |
| Adjustments for depreciation and amortisation expense | 1,637.00 | |
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 5,504.00 | |
| Adjustments for provisions, current | (40.00) | |
| Adjustments for provisions, non-current | 0.00 | |
| Adjustments for other financial liabilities, current | 13,984.00 | |
| Adjustments for other financial liabilities, non-current | 0.00 | |
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |
| Adjustments for dividend income | 0.00 | |
| Adjustments for interest income | 10,564.00 | |
| Adjustments for share-based payments | 297.00 | |
| Adjustments for fair value losses (gains) | (20,186.00) | |
| Adjustments for undistributed profits of associates | 0.00 | |
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |
| Other adjustments to reconcile profit (loss) | 0.00 | |
| Other adjustments for non-cash items | (2,702.00) | |
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Total adjustments for reconcile profit (loss) | (24,936.00) | |
| Net cash flows from (used in) operations | 7,039.00 | |
| Dividends received | 0.00 | |
| Interest paid | 558.00 | |
| Interest received | 9,539.00 | |
| Income taxes paid (refund) | 820.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) operating activities | 15,200.00 | |
| Cash flows from used in investing activities | ||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |
| Other cash receipts from sales of interests in joint ventures | 0.00 | |
| Other cash payments to acquire interests in joint ventures | 0.00 | |
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Proceeds from sales of property, plant and equipment | 764.00 | |
| Purchase of property, plant and equipment | 1,331.00 | |
| Proceeds from sales of investment property | 0.00 | |
| Purchase of investment property | 0.00 | |
| Proceeds from sales of intangible assets | 0.00 | |
| Purchase of intangible assets | 0.00 | |
| Proceeds from sales of intangible assets under development | 0.00 | |
| Purchase of intangible assets under development | 0.00 | |
| Proceeds from sales of goodwill | 0.00 | |
| Purchase of goodwill | 0.00 | |
| Proceeds from biological assets other than bearer plants | 0.00 | |
| Purchase of biological assets other than bearer plants | 0.00 | |
| Proceeds from government grants | 0.00 | |
| Proceeds from sales of other long-term assets | 0.00 | |
| Purchase of other long-term assets | 0.00 | |
| Cash advances and loans made to other parties | 0.00 | |
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Dividends received | 0.00 | |
| Interest received | 0.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | (32,543.00) | |
| Net cash flows from (used in) investing activities | (33,110.00) | |
| Cash flows from used in financing activities | ||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |
| Payments from changes in ownership interests in subsidiaries | 0.00 | |
| Proceeds from issuing shares | 1,361.00 | |
| Proceeds from issuing other equity instruments | 25,002.00 | |
| Payments to acquire or redeem entity's shares | 0.00 | |
| Payments of other equity instruments | 0.00 | |
| Proceeds from exercise of stock options | 0.00 | |
| Proceeds from issuing debentures notes bonds etc | 0.00 | |
| Proceeds from borrowings | 0.00 | |
| Repayments of borrowings | 22,235.00 | |
| Payments of lease liabilities | 758.00 | |
| Dividends paid | 0.00 | |
| Interest paid | 0.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 8,545.00 | |
| Net cash flows from (used in) financing activities | 11,915.00 | |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (5,995.00) | |
| Effect of exchange rate changes on cash and cash equivalents | ||
| Effect of exchange rate changes on cash and cash equivalents | 138.00 | |
| Net increase (decrease) in cash and cash equivalents | (5,857.00) | |
| Cash and cash equivalents cash flow statement at beginning of period | 33,581.00 | |
| Cash and cash equivalents cash flow statement at end of period | 27,724.00 | |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2026 | ||
| Date of end of reporting period | 30-09-2026 | ||
| Whether results are audited or unaudited | Unaudited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Finanical Asset | ||
| Cash and cash equivalents | 27,724.00 | ||
| Bank Balance other than (a) above | 51,513.00 | ||
| Derivative financial instruments | |||
| Receivables | |||
| (I) Trade Receivables | 8,763.00 | ||
| (II) Other Receivables | |||
| Loans | 91,888.00 | ||
| Investments | 64,563.00 | ||
| Other Financial assets | |||
| 1 | Other Financial assets | 10,147.00 | |
| Total of Other Financial assets | 10,147.00 | ||
| Total Financial Assets | 2,54,598.00 | ||
| 2 | Non Financial Asset | ||
| Inventories | 41,566.00 | ||
| Current tax assets (Net) | 5,379.00 | ||
| Deferred tax Assets (Net) | 78,566.00 | ||
| Investment Property | 45,363.00 | ||
| Biological assets other than bearer plants | |||
| Property, Plant and Equipment | 8,930.00 | ||
| Capital work-in-progress | |||
| Intangible assets under development | 345.00 | ||
| Goodwill | 191.00 | ||
| Other Intangible assets | 1,544.00 | ||
| Other non-financial assets | |||
| 1 | Other non-financial assets | 23,939.00 | |
| Total of Other non-financial assets | 23,939.00 | ||
| Total Non Financial Assets | 2,05,823.00 | ||
| Total assets | 4,60,421.00 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 45,527.00 | ||
| Other equity | 3,27,515.00 | ||
| Total equity attributable to owners of parent | 3,73,042.00 | ||
| Non controlling interest | 228800000 | ||
| Total equity | 3,75,330.00 | ||
| 2 | Liabilities | ||
| 2.1 | Financial Liabilities | ||
| (a) | Derivative financial instruments | ||
| (b) | Payables | ||
| (I)Trade Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 554.00 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 11,151.00 | ||
| II) Other Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | |||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 1,599.00 | ||
| (C ) | Debt Securities | ||
| (d) | Borrowings (Other than Debt Securities) | 21,332.00 | |
| (e) | Deposits | ||
| (f) | Subordinated Liabilities | 1,697.00 | |
| Other financial liabilities | |||
| 1 | Other financial liabilities | 40,084.00 | |
| Total of Other financial liabilities | 40,084.00 | ||
| Total Financial Liabilities | 76,417.00 | ||
| 2.2 | Non-Financial Liabilities | ||
| (a) | Current tax liabilities (Net) | 534.00 | |
| (b) | Provisions | 2,750.00 | |
| (C ) | Deferred tax liabilities (Net) | 5,390.00 | |
| Other non-financial liabilities | |||
| Total of Other non-financial liabilities | |||
| Total Non Financial Liabilities | 8,674.00 | ||
| Total liabilities | 85,091.00 | ||
| Total equity and liabilites | 4,60,421.00 | ||
| Disclosure of notes on assets and liabilities | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| Whether results are audited or unaudited | Unaudited | Unaudited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| 1 | Financing and related activities | 12,462.00 | 29,822.00 |
| 2 | Broking and related activities | 3,340.00 | 6,818.00 |
| 3 | Real Estate development and related activities | 16,760.00 | 27,363.00 |
| 4 | Equipment renting service and related activities | 542.00 | 1,392.00 |
| 5 | Asset reconstruction and related activities | 1,361.00 | 6,238.00 |
| 6 | Others | 85.00 | 163.00 |
| Total Segment Revenue | 34,550.00 | 71,796.00 | |
| Less: Inter segment revenue | 1,366.00 | 2,667.00 | |
| Revenue from operations | 33,184.00 | 69,129.00 | |
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| 1 | Financing and related activities | 8,136.00 | 20,716.00 |
| 2 | Broking and related activities | 1,183.00 | 1,941.00 |
| 3 | Real Estate development and related activities | 9,130.00 | 13,103.00 |
| 4 | Equipment renting service and related activities | (154.00) | (269.00) |
| 5 | Asset reconstruction and related activities | (684.00) | (1,965.00) |
| 6 | Others | 0.00 | 0.00 |
| Total Profit before tax | 17,611.00 | 33,526.00 | |
| i. Finance cost | 937.00 | 1,870.00 | |
| ii. Other Unallocable Expenditure net off Unallocable income | 785.00 | (319.00) | |
| Profit before tax | 15,889.00 | 31,975.00 | |
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| 1 | Financing and related activities | 1,64,543.00 | 1,64,543.00 |
| 2 | Broking and related activities | 61,112.00 | 61,112.00 |
| 3 | Real Estate development and related activities | 1,29,610.00 | 1,29,610.00 |
| 4 | Equipment renting service and related activities | 6,963.00 | 6,963.00 |
| 5 | Asset reconstruction and related activities | 30,845.00 | 30,845.00 |
| 6 | Others | 0.00 | 0.00 |
| Total Segment Asset | 3,93,073.00 | 3,93,073.00 | |
| Un-allocable Assets | 67,348.00 | 67,348.00 | |
| Net Segment Asset | 4,60,421.00 | 4,60,421.00 | |
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| 1 | Financing and related activities | 4,485.00 | 4,485.00 |
| 2 | Broking and related activities | 21,059.00 | 21,059.00 |
| 3 | Real Estate development and related activities | 16,428.00 | 16,428.00 |
| 4 | Equipment renting service and related activities | 268.00 | 268.00 |
| 5 | Asset reconstruction and related activities | 2,188.00 | 2,188.00 |
| 6 | Others | 0.00 | 0.00 |
| Total Segment Liabilities | 44,428.00 | 44,428.00 | |
| Un-allocable Liabilities | 40,663.00 | 40,663.00 | |
| Net Segment Liabilities | 85,091.00 | 85,091.00 | |
| Disclosure of notes on segments | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit or loss (net of tax) | -3000000 | -3000000 |
| Total Amount of items that will not be reclassified to profit and loss | -3000000 | -3000000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be reclassified to profit or loss (net of tax) | 42300000 | 13700000 |
| Total Amount of items that will be reclassified to profit and loss | 42300000 | 13700000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 393.00 | 107.00 |