Embassy Developments Limited announced its financial and operational results for the quarter ended September 30, 2026 (Q2 FY27), reporting record quarterly performance metrics.

Financial Performance

  • Q2 FY27 Pre-Sales: ₹3,225 crore, representing a 272% quarter-on-quarter increase and 689% year-on-year growth
  • H1 FY27 Pre-Sales: ₹4,093 crore, showing 574% year-on-year growth
  • Q2 FY27 Collections: ₹546 crore, up 10% quarter-on-quarter and 52% from ₹359 crore in the corresponding period last year
  • H1 FY27 Collections: ₹1,041 crore, representing 53% year-on-year growth

Guidance Achievement

  • H1 FY27 pre-sales of ₹4,093 crore achieved 51% of the full-year FY27 pre-sales guidance of ₹8,000 crore
  • H1 FY27 collections of ₹1,041 crore achieved 35% of the full-year FY27 collections guidance of ₹3,000 crore
  • The ₹8,000 crore FY27 pre-sales guidance comprises ₹6,000 crore from owned developments and ₹2,000 crore from development management projects

Project Launches and Performance

During Q2 FY27, the company launched three projects with a combined Gross Development Value (GDV) of ₹8,397 crore, exceeding the company's pre-launch estimate of ₹7,500 crore.

Specific Project Performance:

  • Embassy Origins (North Bengaluru): Comprising Embassy Riverine and Embassy South Reserve
  • Combined sales: ₹1,813 crore within two weeks of launch
  • Embassy Riverine: GDV of ₹3,155 crore with sales of ₹933 crore
  • Embassy South Reserve: GDV of ₹1,957 crore with sales of ₹880 crore
  • Embassy Terazza, Juhu (Mumbai):
  • Sales: ₹758 crore on launch against estimated GDV of ₹3,285 crore
  • Included a ₹711 crore sale for a single residence comprising an entire residential tower, noted as India's largest single-home residential transaction

Future Pipeline

The company has a FY27 launch pipeline of ₹19,400 crore GDV and is on track to achieve its FY27 pre-sales guidance.

Management Commentary

Aditya Virwani, Managing Director, stated: "The numbers are testament to the strong response to our residential portfolio and the acceptance of the Embassy brand across markets and segments. From Embassy Origins in Bengaluru to the landmark transaction at Embassy Terazza in Mumbai, we are seeing this play out across distinct residential offerings. With a substantial launch pipeline ahead, our focus is on sustaining this momentum and translating it into collections and project execution."

Company Background

Embassy Developments Limited is one of India's largest listed real estate developers specializing in residential and commercial projects across key urban markets including Bengaluru, Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Chennai, and Indore. The company has a diversified residential portfolio across mid-income, premium, and luxury segments. The company holds a long-term debt rating of IVR A (Stable) and benefits from the institutional foundation of its promoter, the Embassy Group, which has over three decades of experience delivering and managing more than 100 million sq. ft. across various sectors in India.