Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) — quarter ended 31 March 2026 and year ended 31 March 2026
Optional commentary: The document includes both consolidated and standalone audited financial results for the quarter and year ended 31 March 2026, along with auditor reports, assets/liabilities, cash flows, and segment information.
| S.No. | Name of the Entity | Audit Report dated | Auditor’s Name | Report Modified / Unmodified |
|---|---|---|---|---|
| 1 | Dhani Services Limited | 02/05/2025 | Hem Sandeep & Co. | Unmodified |
| 2 | Indiabulls Enterprises Limited | 26/04/2025 | Agarwal Prakash & Co. | Unmodified |
| 3 | Savren Medicare Limited | 29/04/2025 | Sumit Mohit & Company | Unmodified |
| 4 | Auxesia Soft Solutions Limited | 29/04/2025 | Sumit Mohit & Company | Unmodified |
| 5 | Gyansagar Buildtech Limited | 29/04/2025 | Sumit Mohit & Company | Unmodified |
| 6 | Pushpanjli Finsolutions Limited | 29/04/2025 | Sumit Mohit & Company | Unmodified |
| 7 | Devata Tradelink Limited | 29/04/2025 | Sumit Mohit & Company | Unmodified |
| 8 | Evinos Developers Limited | 29/04/2025 | Sumit Mohit & Company | Unmodified |
| 9 | Milky Way Buildcon Limited | 29/04/2025 | Agarwal Prakash & Co. | Unmodified |
| 10 | Indiabulls Consumer Products Limited | 01/05/2025 | Ajay Sardana Associates | Unmodified |
| 11 | Indiabulls Infra Resources Limited | 29/04/2025 | MRKS and Associates | Unmodified |
| 12 | Jwala Technology Systems Private Limited | 29/04/2025 | Sumit Mohit & Company | Unmodified |
| 13 | Mabon Properties Limited | 29/04/2025 | Agarwal Prakash & Co. | Unmodified |
| 14 | YDI Consumer India Limited | 18/04/2025 | Agarwal Prakash & Co. | Unmodified |
| 15 | Indiabulls General Insurance Limited | 18/04/2025 | Agarwal Prakash & Co. | Unmodified |
| 16 | Indiabulls Life Insurance Company Limited | 18/04/2025 | Agarwal Prakash & Co. | Unmodified |
| 17 | Juventus Estate Limited | 29/04/2025 | G A R U D & Associates (Formerly Known as Raj Girikshit & Associates) | Unmodified |
| Particulars | Quarter ended 31 March 2026 (Refer note 3) | Quarter ended 31 December 2025 (Unaudited) | Quarter ended 31 March 2025 (Refer note 3) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited restated) |
|---|---|---|---|---|---|
| 1 Revenue from operations | |||||
| Revenue from real estate projects and other development activities | 259.43 | – | – | 259.43 | – |
| Interest income | 54.27 | 57.25 | 62.83 | 228.89 | 264.56 |
| Income from equipment renting services | 9.35 | 9.69 | 12.15 | 38.81 | 48.93 |
| Fees and commission income | 27.69 | 27.81 | 24.89 | 103.77 | 118.39 |
| Net gain on fair value changes | 57.79 | 1.41 | 0.98 | 201.40 | 11.76 |
| Other operating revenue | – | 0.80 | 0.73 | 1.08 | 0.73 |
| Total revenue from operations | 408.53 | 96.96 | 101.58 | 833.38 | 444.37 |
| 2 Other income | 9.86 | 5.62 | 47.57 | 47.40 | 95.58 |
| 3 Total income (1+2) | 418.39 | 102.58 | 149.15 | 880.78 | 539.95 |
| 4 Expenses: | |||||
| Finance costs | 9.93 | 10.07 | 13.06 | 43.18 | 64.75 |
| Fees and commission expense | 4.94 | 3.36 | 3.06 | 15.00 | 36.73 |
| Net loss on fair value changes | – | – | 56.90 | – | 56.90 |
| Net loss/(gain) on derecognition of financial assets | – | – | (13.06) | – | – |
| Impairment on financial assets (net) | 9.62 | 16.47 | 23.63 | 36.96 | 74.15 |
| Operating expense | 3.35 | 6.00 | 5.16 | 19.11 | 24.37 |
| Cost of revenue | 117.78 | – | – | 117.78 | – |
| Employee benefits expenses | 49.75 | 51.04 | 52.76 | 205.16 | 201.99 |
| Depreciation and amortisation | 8.74 | 8.88 | 9.63 | 36.66 | 45.78 |
| Other expenses | 53.03 | 34.32 | 155.49 | 162.81 | 254.66 |
| Total expenses | 257.14 | 130.14 | 306.63 | 636.66 | 759.33 |
| 5 Profit/ (loss) before exceptional items and tax (3-4) | 161.25 | (27.56) | (157.48) | 244.12 | (219.38) |
| 6 Exceptional items, net gain / (loss) | (64.86) | – | – | (64.86) | – |
| 7 Profit/ (Loss) before tax | 96.39 | (27.56) | (157.48) | 179.26 | (219.38) |
| 8 Tax Expense: | |||||
| (a) Current tax | (3.24) | (0.21) | (0.57) | 3.08 | 12.97 |
| (b) Income tax of earlier years | 2.08 | – | 3.25 | 2.08 | 7.44 |
| (c) Deferred tax expense/(charge) (refer note 8) | (96.71) | (105.72) | 4.01 | (172.03) | 32.94 |
| Total tax expense | (97.87) | (105.93) | 6.69 | (166.87) | 53.35 |
| 9 Profit/(Loss) for the quarter/year (7-8) | 194.26 | 78.37 | (164.17) | 346.13 | (272.73) |
| 10 Other comprehensive income | |||||
| (i) Items that will not be reclassified to profit or loss (net of tax) | 0.93 | 0.02 | (38.52) | 2.21 | (293.62) |
| (ii) Items that will be reclassified to profit or loss (net of tax) | 8.59 | 3.08 | 19.96 | 20.23 | (651.73) |
| Total other comprehensive income | 9.52 | 3.10 | (18.56) | 22.44 | (945.35) |
| 11 Total comprehensive income for the quarter/year (9+10) | 203.78 | 81.47 | (182.73) | 368.57 | (1,218.08) |
| 12 Net profit / (loss) after tax attributable to – | |||||
| Owners of the Holding Company | 196.00 | 79.37 | (163.30) | 273.87 | (259.90) |
| Non controlling interests | (1.74) | (1.00) | (0.87) | 72.26 | (12.83) |
| 13 Other comprehensive income attributable to – | |||||
| Owners of the Holding Company | 9.52 | 3.10 | (18.56) | 22.44 | (932.72) |
| Non controlling interests | – | – | 0.01 | – | (12.63) |
| 14 Total comprehensive income attributable to – | |||||
| Owners of the Holding Company | 205.52 | 82.47 | (181.85) | 296.31 | (1,192.61) |
| Non controlling interests | (1.74) | (1.00) | (0.86) | 72.26 | (25.47) |
| 15 Paid-up equity share capital and equity share suspense (face value of ₹ 2 per equity share) (refer note 11) | 446.68 | 446.68 | 419.42 | 446.68 | 419.42 |
| 16 Other equity | 2,636.69 | 2,054.00 |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited restated) |
|---|---|---|
| I. ASSETS | ||
| 1. Financial assets | ||
| (a) Cash and cash equivalents | 335.81 | 299.03 |
| (b) Other bank balances | 413.70 | 449.65 |
| (c) Trade receivables | 76.30 | 65.00 |
| (d) Loans | 1,105.16 | 1,244.48 |
| (e) Investments | 118.34 | 73.40 |
| (f) Other financial assets | 125.35 | 58.67 |
| Total financial assets | 2,174.66 | 2,190.23 |
| 2. Non-financial assets | ||
| (a) Inventories | 371.42 | 321.51 |
| (b) Current tax assets (net) | 47.96 | 58.52 |
| (c) Deferred tax assets (net) | 806.94 | 635.27 |
| (d) Investment property under development | 445.06 | 433.00 |
| (e) Investment property | 3.90 | 3.92 |
| (f) Property, plant and equipment | 100.35 | 115.05 |
| (g) Intangible assets under development | 1.27 | 0.53 |
| (h) Goodwill | 1.91 | 66.77 |
| (i) Other intangible assets | 18.14 | 15.59 |
| (j) Other non-financial assets | 200.55 | 201.09 |
| Total non financial assets | 1,997.50 | 1,851.25 |
| 3. Assets held for sale | 1.27 | 1.30 |
| Total assets | 4,173.43 | 4,042.78 |
| II. LIABILITIES AND EQUITY | ||
| LIABILITIES | ||
| 1. Financial liabilities | ||
| (a) Payables | ||
| (i) Trade payables | ||
| (i) total outstanding dues of micro enterprises and small enterprises | 7.07 | 0.70 |
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 131.01 | 140.54 |
| (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 | 22.40 | 36.83 |
| (b) Debt securities | – | 28.55 |
| (c) Borrowings (other than debt securities) | 435.67 | 914.17 |
| (d) Lease liabilities | 22.88 | 29.97 |
| (e) Other financial liabilities | 247.28 | 241.55 |
| Total financial liabilities | 866.31 | 1,392.31 |
| 2. Non-financial liabilities | ||
| (a) Current tax liabilities (net) | 1.48 | 1.10 |
| (b) Provisions | 26.30 | 27.29 |
| (c) Other non-financial liabilities | 171.15 | 107.41 |
| Total non financial liabilities | 198.93 | 135.80 |
| 3. Liabilities directly associated with the assets held for sale | – | 0.26 |
| 4. EQUITY | ||
| (a) Equity share capital | 446.68 | 19.74 |
| (b) Equity share to be issued under scheme | – | 399.68 |
| (c) Other equity | 2,636.69 | 2,054.00 |
| Equity attributable to the owners of the Holding Company | 3,083.37 | 2,473.42 |
| (d) Non controlling interests | 24.82 | 40.99 |
| Total equity | 3,108.19 | 2,514.41 |
| Total liabilities and equity | 4,173.43 | 4,042.78 |
| Particulars | For the year ended 31 March 2026 (Audited) | For the year ended 31 March 2025 (Audited restated) |
|---|---|---|
| A. Cash flows from operating activities : | ||
| Profit/(Loss) before tax | 179.26 | (219.38) |
| Adjustments for : | ||
| Depreciation and amortisation expense | 36.66 | 45.78 |
| Loss on sale of property, plant and equipment (net) | 0.09 | 7.03 |
| Profit on sale of Investment Property | – | (0.33) |
| Provision for employee benefits (net) | – | 224.57 |
| Impairment on financial assets | 101.82 | 70.54 |
| Gain on sale of loan portfolio through assignment | (0.87) | (4.16) |
| Excess provisions for expenses no longer required written back | (20.63) | (45.68) |
| Liabilities written back | (13.78) | (42.49) |
| Unrealised gain on foreign exchange fluctuations (net) |