Embassy Developments Reports Strong Q1 FY27 Results, Driving 338% YoY Growth in Pre-Sales

Embassy Developments Reports Strong Q1 FY27 Results, Driving 338% YoY Growth in Pre-Sales​

Embassy Developments Limited (EDL), specializing in residential and commercial projects across key urban markets like Bengaluru and Mumbai, has reported a robust start to Fiscal Year 2027 (Q1 FY27). The company recorded significant growth in presales while continuing project execution and securing key regulatory approvals for its developments.

The Q1 results demonstrate sustained demand across EDL's portfolio. Presales reached approximately ₹868 crore, marking a substantial 338% year-on-year increase compared to the ₹198 crore recorded in Q1 FY26. Collections during the quarter amounted to roughly ₹496 crore, an increase of 54% from ₹322 crore in the corresponding period last year.

Portfolio Health and Operational Milestones​

As of June 30, 2026, demand across EDL’s portfolio—which spans approximately 4.3 million square feet of residential launches in Bengaluru and Mumbai during FY26—remains strong. Nearly 60% of this inventory has been sold. In the Bengaluru projects, about 72% of the launched inventory was sold within six months.

The company made notable progress on project execution across its developments:

• One 09 Phase I in Gurugram received its Occupancy Certificate during the quarter, moving the project closer to customer handovers in NCR.
• Five additional towers at Golfcity, Savroli also secured their Occupancy Certificates.
• In Mumbai, Embassy Citadel received approval for all 81 floors of the development upfront, confirming confidence in the project's timeline and execution plan.

Further, EDL secured Real Estate Regulatory Authority (RERA) approval for Embassy Terazza, an ultraluxury residential development planned for Juhu, Mumbai. This low-density project spans over two acres and encompasses approximately 0.3 million sq. ft. of RERA carpet area and carries a gross development value (GDV) exceeding ~₹3,000 crore.

Financial Structure and Future Guidance​

As reported on June 30, 2026, EDL's net institutional debt stood at approximately ₹3,300 crore after adjusting for cash and cash equivalents of ~₹1,200 crore. The Q1 performance builds upon a record FY26, during which the company achieved pre-sales amounting to ₹4,631 crore, representing 128% year-on-year growth.

Looking ahead, EDL has an estimated FY27 launch pipeline with a GDV of nearly ₹19,400 crore. The company maintains its guidance for FY27, aiming for ₹6,000 crore in pre-sales from owned developments and ₹2,000 crore from development management projects.

In a key strategic move, the Board approved a preferential allotment of convertible warrants totaling ~₹363 crore to Embassy Group at an exercise price of ₹111.51 per share. This transaction, subject to shareholder approval, is set to repay outstanding shareholder debt and strengthen the balance sheet. The Promoters have voluntarily committed to convert all Warrants into equity shares within six months, significantly ahead of the maximum permitted tenure of 18 months.

Aditya Virwani, Managing Director of Embassy Developments Limited, noted that the strong momentum entering FY27 is driven by healthy sales and collections from existing launches. He stated that the company enters the year with a substantial portfolio comprising ~₹10,500 crore of ongoing residential inventory, ₹400 crore of completed inventory, and a ₹19,400 crore launch pipeline, providing a robust foundation for future growth.

EMBDL Stock Price Movement​

Shares of Embassy Developments Limited are edging higher to ₹65.74 as of 11:34 AM today, gaining 0.7% on the move. This positive momentum is backed by robust trading activity, with nearly 6.8 million shares being traded in the current session.