Indiabulls has spent the last few years doing something difficult. Rebuilding, repositioning, and refocusing a business that had more potential than its balance sheet was showing. In FY26, that work became visible. And the numbers, for the first time in a while, had a great deal to say.
According to Indiabulls Limited, the company closed FY26 with a profit after tax of ₹346 crore on revenues of ₹880 crore. It reported a profit margin of 39.3% for the full year, which increased to 46.4% in the fourth quarter. The company said the results reflect the progress of its transition towards a real estate-led business following its merger and strategic restructuring.
"FY26 was a year of meaningful progress. A stronger structure, a focused strategy, and a real estate pipeline that gives us clear visibility into FY27," says Divyesh Shah, Executive Director and CEO, Indiabulls Limited.
The company maintained that its real estate business contributed approximately ₹143 crore at the operating level in the fourth quarter of FY26. For the full year, the company reported sales bookings of ₹2,752 crore, with 909 units sold, 21.6 lakh sq ft of area transacted, and collections of ₹400 crore. Indiabulls said its residential portfolio is focused on homes priced between ₹2 crore and ₹6 crore across Delhi NCR, Mumbai, and Ludhiana.
And with the pipeline, Indiabulls now sits on an aggregate Gross Development Value of over ₹21,000 crore across 110.52 lakh square feet, spanning launched projects, current-year launches and a future development pipeline. Indiabulls has transformed itself into a company that has done the hard work of rebuilding, and is now preparing to grow.
₹21,000 crore GDV pipeline. 110.52 lakh sq ft. The architecture of a company that has earned the right to look forward.
That rebuilding has been most visible on the ground in NCR. The three projects, Indiabulls Estate & Club and Indiabulls Heights on Dwarka Expressway, and Indiabulls Green Avenue in Kharkhoda, have collectively defined the company's re-entry into the residential market. With these projects, Indiabulls expressed its point of view about what luxury living in NCR could look like when shaped by a team with a genuinely global frame of reference.
The leadership behind these developments has previously worked on The Mandarin Oriental Residences, The Mayfair Garden Residences and The Mansion in London.
