Indiabulls share price jumps despite stock market crash; here's why

Indiabulls share price jumped more than 3% on Friday, 24 July, amid a stock market crash after the company reported a sharp surge in earnings for the June quarter (Q1FY27), aided by strong growth in revenue.

The company reported a net profit of ₹142.99 crore for the quarter ended June 2026, compared with ₹0.40 crore in the corresponding quarter last year, while revenue from operations soared 248.3% year-on-year to ₹318.47 crore from ₹91.44 crore.

In an exchange filing, the company said its board approved a preferential equity issue worth ₹1,000.07 crore to fund its growth pipeline. The promoters have committed around ₹709 crore, accounting for nearly 71% of the proposed fund raise. The proceeds will be utilised for land acquisitions, construction of projects in the FY27 launch pipeline, and general corporate purposes. The company added that it continues to maintain a net debt position of zero.

During the quarter, bookings stood at ₹3,003 crore, while collections were ₹519 crore. The company sold 965 units spanning 22.75 lakh sq ft. Its total Gross Development Value (GDV) stood at ₹23,608 crore across 12 projects covering 112.2 lakh sq ft, comprising ₹3,650 crore worth of projects launched in FY26, an FY27 launch pipeline of ₹8,014 crore across five projects, and a future pipeline valued at ₹11,945 crore. The portfolio is spread across key markets, including the National Capital Region (NCR), Mumbai, and Ludhiana.

The company's broking business also delivered strong performance, with revenue rising 23% year-on-year to ₹35 crore. It added 25,156 new clients during the quarter, up 424% from a year earlier, while the client activation rate improved to 51.4% from 29%. Its asset reconstruction platform (IARCL) reported fee-paying assets under management (AUM) of ₹603.9 crore, assets under collection of ₹3,771.6 crore, and a capital adequacy ratio of 99.52%, significantly higher than the regulatory requirement of 15%.

Indiabulls share price today opened at ₹29.50 apiece on the BSE; the stock touched an intraday low of ₹28.01 and an intraday high of ₹30.49 apiece.

Indiabulls share price has risen 4.47% over the past week and 15.06% in the last one month, while extending its rally to 83.57% over the past three months.

The momentum has been even stronger over the longer term, with the stock surging 167.14% in the last six months, gaining 79.03% year-to-date, and delivering a 105.41% return over the past one year.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content...