Embassy Developments reported a strong start to FY27, with Q1 FY27 pre-sales reaching ₹868 crore, a substantial 338% increase year-on-year. Collections also grew by 54% to ₹496 crore. The company highlighted a healthy balance sheet, a robust project pipeline of ₹19.8k crore GDV for FY27, and strategic outlook for future growth.
Embassy Developments Reports Strong Q1 FY27 Performance
Embassy Developments (EDL) has commenced the fiscal year 2027 with significant momentum, as detailed in their Q1 FY27 investor update. The company announced that pre-sales for the quarter stood at approximately ₹868 crore, marking an impressive 338% increase compared to the same period last year. Collections also demonstrated robust growth, rising by 54% to approximately ₹496 crore.
Key Financial and Operational Highlights
The company highlighted strong demand for its projects and disciplined execution across its business segments. Bengaluru continued to be a leading market, with approximately 72% of launched inventory sold within six months. Across 4.3 million sq. ft. launched during FY26, nearly 59% has been sold as of June 30, 2026. Operational progress includes receiving Occupancy Certificates for key projects like One 09 in Gurugram and five towers at Golfcity, Savroli.
Strengthening Balance Sheet and Future Outlook
EDL’s balance sheet shows strengthening with net institutional debt at approximately ₹3,363 crore and cash and cash equivalents at approximately ₹1,202 crore as of June 30, 2026, keeping leverage within guidance. The Board has approved a preferential allotment of convertible warrants to Embassy Group, subject to shareholder approval, to repay shareholder debt and lower the cost of capital. Looking ahead, the company is on track to achieve its FY27 guidance of approximately ₹6,000 crore in pre-sales from owned developments and ₹2,000 crore from development management projects.
Project Pipeline and GDV
The investor update also provided a snapshot of the company’s presence and future plans. EDL has a presence in 7+ cities with 40+ projects, managing a portfolio of 38 msf. The company has a substantial land bank of 3,251 acres. The launch pipeline GDV for FY2027 is projected at ₹19.8k crore, encompassing 9 owned and 2 Development Management (DM) projects. Construction spend for Q1 FY27 was ₹276 crore.
Key Business Metrics for Q1 FY27
- Pre-sales: ₹868 Cr (up 338% YoY)
- Area Sold: 484k sf (up 135% YoY)
- Collections: ₹496 Cr (up 54% YoY)
- Construction Spend: ₹276 Cr
- Gross Institutional Debt: ~₹4.5k Cr
- Total Equity: ~₹9.7k Cr
- Cash & Cash Equivalents: ~₹1.2k Cr
Source: BSE
