| Management target | Revenue FY27 |
|---|
| Revenue growth | Revenue hit by 50% QoQ; 9M FY26 income at 1,495 Cr. |
|---|---|
| Margins | Negative EBITDA due to legacy cost drag; new project margins 47%. |
| Order book | GDV of 19,000 Cr in launch pipeline; presales guiding 5,000 Cr. |
| Demand visibility | Strong traction in Bengaluru core market and premium Mumbai luxury segments. |
| Management confidence | Highly optimistic, using brand equity to mask current reported financial losses. |
Growth
Q3 presales reached 1,392 Cr, up 240% QoQ, but earnings are masked by legacy Indiabulls project costs.
Outlook
Targeting 5,000 Cr presales for FY26 and 41,000 Cr GDV launches over next three years.
Risks
High net institutional debt of 3,700 Cr and persistent legacy project losses hitting the P&L.
Last quarter's promises, checked
Delivered
- FY26 Presales Guidance 5,000 Cr → delivered 4,631 Cr (~93% achieved) (= BEAT)
- Launch GDV 16,300 Cr → delivered 16,300 Cr across 6 launches (= BEAT)
- Net Debt Target 3,000 Cr → delivered 3,000 Cr (= BEAT)
Partly delivered
- FY26 Collections Guidance → delivered 1,673 Cr (marginal shortfall vs implied run-rate) (= PARTIAL)
Missed
- Bangalore Launch Timeline → delivered Delayed to Q1 FY27 (= MISS)
Earnings Call Transcript filed with BSE, NSE: EMBDL. Summary written with AI assistance from the document.
Embassy Developments Ltd: key numbers
- Share price
- ₹58.07
- Market cap
- ₹8,075 Cr
- Revenue (annual)
- ₹1,732 Cr
- Net profit (annual)
- ₹-872.6 Cr
- P/E (TTM)
- -8.6×Sector 35.8×
- Promoter holding
- 42.65%+0.00% QoQ
- FII holding
- 23.43%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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