| Revenue growth | Reported revenue ₹292 Cr, down YoY due to project completion accounting. |
|---|---|
| Margins | Targeting 53% project margins on overall surplus of ₹30,000 Cr. |
| Order book | Ongoing portfolio GDV exceeds ₹27,422 Cr; 55% of area already sold. |
| Demand visibility | Strong luxury demand; record ₹711 Cr single-unit sale in Juhu, Mumbai. |
| Management confidence | Highly optimistic on luxury brand strength despite CEO succession announcement. |
Growth
Pre-sales surged to ₹3,225 Cr (Q2); H1 pre-sales reached ₹4,093 Cr, up 574% YoY.
Outlook
Management guides ₹8,000 Cr pre-sales and ₹3,000 Cr collections for full year FY27.
Risks
High net institutional debt of ₹3,982 Cr; net loss of ₹271 Cr due to accounting timing.
Last quarter's promises, checked
Delivered
- Guided Juhu DM launch in Q2 → Embassy Terrazza launched (= BEAT)
Partly delivered
- Guided FY27 presales ₹8,000 Cr → H1 ₹4,093 Cr, 51% of target, FY open (= PARTIAL)
- Guided ~₹3,000 Cr FY27 collections → Q1 ₹496 Cr, Q2 not disclosed, FY open (= PARTIAL)
- Guided 4 Q2 launches incl. North tower and Knowledge Park → only Terrazza confirmed; Riverine and South Reserve launched unnamed (= PARTIAL)
Missed
- Guided net D/E 0.30-0.35x → 0.42x post warrant conversion (= MISS)
Earnings Call Transcript filed with NSE, NSE: EMBDL. Summary written with AI assistance from the document.
Embassy Developments Ltd: key numbers
- Share price
- ₹52.00
- Market cap
- ₹7,400 Cr
- Revenue (annual)
- ₹1,732 Cr
- Net profit (annual)
- ₹-872.6 Cr
- P/E (TTM)
- -7.0×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 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.
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