Indiabulls Q3 FY26 PAT at ₹78.4 Cr, Revenue ₹102.6 Cr; Real Estate Sales On Track for ₹3000 Cr
Indiabulls Limited reported Q3 FY26 PAT of ₹78.4 Cr on revenue of ₹102.6 Cr. The real estate business is on track for ₹3000 Cr sales this fiscal year. The ARC platform's assets under collection reached ₹3,800 Cr after acquiring new portfolios. The company plans to launch its SMB platform in India next fiscal year.
The results show mixed performance with a revenue decline, although PAT saw a marginal increase. The real estate outlook and ARC scaling are positive indicators, but the overall impact is moderate due to the revenue drop.
The company reported a slight increase in PAT but a significant decrease in revenue quarter-on-quarter. While the real estate and ARC businesses show positive traction, the overall financial performance is mixed.
Indiabulls Limited announced its business update for the quarter ended December 31, 2025 (Q3 FY26), marking its first full operating quarter post-merger. The company reported a Profit After Tax (PAT) of ₹78.4 crore, an increase from ₹75.3 crore in the previous quarter (Q2 FY26). Revenue for Q3 FY26 stood at ₹102.6 crore, a decrease from ₹256.6 crore in Q2 FY26.
The real estate business showed sustained sales momentum, with the company on track to achieve over ₹3000 crore in sales for the current financial year. The company anticipates that certain real estate projects will begin contributing meaningfully to profitability from Q4 FY26 onwards.
The financial services businesses maintained customer growth and revenue stability. The ARC platform saw significant scaling with new institutional portfolio acquisitions, adding portfolios with a principal outstanding of approximately ₹545 crore. Total assets under collection now amount to around ₹3,800 crore.
The stock broking business recorded strong growth, with new customer additions up approximately 88% year-on-year. Assets Under Management (AUM) increased by about 5% to over ₹68,000 crore. The company is also leveraging learnings from its US-based Spring Cash LLC venture to customize a platform for the Indian market, with a planned rollout in the coming financial year.
There was a temporary halt in construction activities during the quarter due to air quality restrictions in the NCR region.
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