Embassy Developments Ltd — earnings calls

Embassy Developments reported Q1 FY27 presales of Rs 868 crore, up 338% year-on-year, and collections of Rs 496 crore, up 54% year-on-year, while revenue from operations fell to Rs 217 crore from Rs 681 crore a year earlier due to project completion accounting. The company posted a net loss of Rs 234 crore for the quarter compared with a net loss of Rs 166 crore in Q1 FY26, and management said no new projects were launched in the quarter as a deliberate choice. The Board approved a preferential allotment of convertible warrants to promoter Embassy Group to repay outstanding shareholder debt, and management reiterated FY27 guidance of Rs 6,000 crore in presales from owned developments, Rs 2,000 crore from development management projects, and approximately Rs 3,000 crore of collections.

Embassy Developments reported Q4 FY'26 presales of INR2,632 crores, up 89% quarter-on-quarter, and FY'26 presales of INR4,631 crores, up 128% year-on-year, while posting a reported PAT loss of INR872 crores due to revenue recognition timing under Ind AS accounting. Management guided to FY'27 presales of INR6,000 crores from own projects plus INR2,000 crores from development management projects, and collections of approximately INR3,000 crores. The company also reported favourable outcomes in two legal matters, the NCLAT setting aside the CIRP proceedings related to Canara Bank and the Karnataka High Court setting aside the KIADB resumption order on land at Kadugodi.