HighPositive
Announced Fri, 24 Jul · 12:59 IST

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

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indiabulls Real Estate reported a sharp surge in Q1FY27 earnings, with net profit at ₹142.99 crore versus ₹0.40 crore in the year-ago quarter, while revenue jumped 248.3% year-on-year to ₹318.47 crore. The board approved a ₹1,000.07 crore preferential equity issue, with promoters committing about ₹709 crore (around 71%) to fund land acquisitions and construction of upcoming projects. Bookings stood at ₹3,003 crore and the company maintained a net debt position of zero, sending the stock up more than 3% in a falling market.