Indiabulls Shares to Stay in Focus Ahead of Board Meeting to Consider Fundraising Plans
Indiabulls to Consider Fund-Raising Proposal Ahead of Board Meeting
Shares of Indiabulls, a real estate and financial services company, are likely to remain in focus on Monday as the company prepares to consider a fund-raising proposal at its board meeting scheduled for June 3, 2026.
As per an exchange filing, the company's board will meet on June 3, 2026, to consider and approve a proposal to raise funds for meeting the funding requirements of the company and/or its subsidiary companies. The company plans to undertake the fundraise through the issue of equity shares and/or other equity-linked, convertible or exchangeable securities, or a combination thereof, through permissible modes including qualified institutions placement, preferential issue, or a combination of such methods in India or overseas, subject to shareholders' approval and other regulatory and statutory clearances.
The company will also consider and approve ancillary actions related to the proposed fundraise.
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Financial Performance
Indiabulls reported a significant improvement in its financial performance for the quarter ended March 2026. The company posted a net profit of Rs 194.26 crore, a significant turnaround from a net loss of Rs 164.17 crore in the corresponding period of the previous year.
The company's total income more than doubled to Rs 418.39 crore in the fourth quarter of 2025-26 from Rs 149.15 crore a year earlier.
| Quarter | Net Profit (Rs Crore) | Total Income (Rs Crore) |
|---|---|---|
| Q4 2025-26 | 194.26 | 418.39 |
| Q4 2024-25 | -164.17 | 149.15 |
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For the full 2025-26 fiscal, the company posted a net profit of Rs 346.13 crore against a net loss of Rs 272.73 crore in the previous financial year. Total income rose to Rs 880.78 crore in 2025-26 from Rs 539.95 crore in 2024-25.
During the fiscal year, the company recorded sales bookings of Rs 2,752 crore, with 909 units sold across 21.6 lakh square feet of area.
The company's shares ended 5 percent higher on Friday.
Investor Takeaway
Investors should keep an eye on Indiabulls' shares ahead of its board meeting to consider fundraising plans.
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