| Revenue growth | Q2 revenue INR 292 Cr, down 41% YoY; H1 INR 509 Cr, down 57% |
|---|---|
| Margins | Q2 gross profit INR 19 Cr vs INR 111 Cr; EBITDA loss INR 131 Cr |
| Order book | Unsold inventory ~INR 49,566 Cr; sold receivables ~INR 8,290 Cr (own) |
| Demand visibility | Pre-sales INR 3,225 Cr Q2 (+689% YoY); H1 INR 4,093 Cr |
| Management confidence | Calls Q2 strongest quarter ever; on track for FY27 guidance |
Growth
Pre-sales INR 3,225 Cr (+689% YoY); collections INR 546 Cr (+52%). Revenue INR 292 Cr vs INR 494 Cr; H1 INR 509 Cr vs INR 1,177 Cr.
Outlook
FY27 targets: INR 6,000 Cr owned pre-sales, INR 2,000 Cr DM pre-sales, INR 3,000 Cr collections; new launch GDV INR 19,400 Cr.
Risks
Operating cash flow negative INR 94 Cr in H1; net debt rising; PAT losses deepening; collections lag construction spend.
Last quarter's promises, checked
Delivered
- Warrant proceeds to repay Embassy Group debt INR 363 Cr → INR 363 Cr repaid (= BEAT)
Partly delivered
- FY27 presales INR 6,000 Cr owned + INR 2,000 Cr DM → H1 presales INR 4,093 Cr, split not disclosed (= PARTIAL)
- Positive operating cash flow from Q2 → H1 OCF INR -94 Cr; Q2 alone not stated (= PARTIAL)
Missed
- 4 of 11 launches in Q2 → 3 of 11 done (= MISS)
- Net debt/equity 0.3-0.35x; net institutional debt ~INR 3,300 Cr → 0.42x; INR 3,982 Cr (= MISS)
Investor Presentation filed with BSE, NSE: EMBDL. Summary written with AI assistance from the document.
Embassy Developments Ltd: key numbers
- Share price
- ₹53.26
- Market cap
- ₹7,580 Cr
- Revenue (annual)
- ₹1,732 Cr
- Net profit (annual)
- ₹-872.6 Cr
- P/E (TTM)
- -8.0×Sector 35.3×
- Promoter holding
- 42.68%+0.03% QoQ
- FII holding
- 24.00%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 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.
Embassy Developments Q2 FY27 Results: Net Loss of ₹271.2 Cr, Loss Widens
Embassy Developments Ltd reported revenue from operations of ₹292.2 Cr (-40.9% YoY) and a net loss of ₹271.2 Cr for Q2 FY27.
- Key figure
- Net loss ₹271.2 Cr
Embassy Developments Convertible Warrants
Embassy Developments allotted 93,18,900 equity shares to promoter group entity Embassy Property Developments on conversion of warrants. The company received the balance consideration of about Rs.77.94 Crore, completing the warrant conversion.
- Value
- ₹77.94 Cr
Embassy Developments Acquisition Worth ₹32.65 Cr
Embassy Developments signed an SPA to acquire 50% of Embassy Columbia Pacific ASL for ₹32.65 Crore. The JV will become wholly owned upon closing by December 2026.
- Value
- ₹32.65 Cr
- Execution
- Within the current quarter ending on December 31, 2026
Embassy Developments Convertible Warrants
Embassy Developments' promoter group entity converted 2.32 crore warrants into equity at INR 111.51 each. The conversion is valued at INR 258.70 crore.
- Value
- ₹258.7 Cr
Embassy Developments Board Meeting Date
Embassy Developments intimated a board meeting on 03 Nov 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. The trading window stays closed until 05 Nov 2026.