ALFA Finder| 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
- ₹52.64
- Market cap
- ₹7,491 Cr
- Revenue (annual)
- ₹1,732 Cr
- Net profit (annual)
- ₹-872.6 Cr
- P/E (TTM)
- -7.0×Sector 38.0×
- Promoter holding
- 43.99%+1.34% QoQ
- FII holding
- 23.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Embassy Developments Ltd
All →Embassy Developments Share Pledge
Embassy Developments' promoter group released and re-pledged shares, with transactions worth Rs.1,021.64 Crore. Pledge activity increases promoter encumbrance for investors to monitor.
- Value
- ₹1,022 Cr
Embassy Developments Share Pledge
Catalyst Trusteeship disclosed release and re-creation of a pledge over 5.35 crore Embassy Developments shares. No additional pledge or borrowing was created.
Embassy Developments Other Announcement
Embassy Developments Ltd filed its shareholding pattern as of 30-Oct-2026, showing promoter holding of about 42.46%. Promoter holding also shows a 0.0153% stake in the table, which is routine quarterly disclosure.
Embassy Developments Earnings Call Transcript: Key Takeaways
Embassy reports record-high pre-sales and luxury launches, though project completion accounting hides operational momentum behind a net loss.
Embassy Developments Investor Presentation: Key Takeaways
Q2FY27 record pre-sales INR 3,225 Cr (+689% YoY), but revenue fell 41% to INR 292 Cr and PAT loss widened to INR 271 Cr. Net debt INR 3,982 Cr; collections inflection expected FY28.
Embassy Developments Business Update
Embassy Developments reported record Q2 FY27 pre-sales of ₹3,225 crore, up 272% QoQ. Three launches carried a combined GDV of ₹8,397 crore.