Embassy Developments Limited announced its highest-ever quarterly pre-sales, reaching approximately ₹3,225 crore in Q2 FY27. This represents a substantial increase of 272% quarter-on-quarter and 689% year-on-year. The company also saw strong collections and successfully launched three projects with a combined Gross Development Value (GDV) of ₹8,397 crore, exceeding initial estimates.
Embassy Developments Achieves Record Quarterly Performance
Embassy Developments Limited (EDL) has reported its strongest quarterly performance to date, with pre-sales for the quarter ended September 30, 2026 (Q2 FY27) soaring to approximately ₹3,225 crore. This figure marks a significant increase of 272% compared to the previous quarter and a remarkable 689% growth year-on-year.
Strong H1 FY27 and Guidance Alignment
For the first half of FY27 (H1 FY27), pre-sales reached approximately ₹4,093 crore, up 574% year-on-year. This performance represents 51% of the company’s full-year FY27 pre-sales guidance of ₹8,000 crore. Collections also showed robust growth, rising 10% quarter-on-quarter to ₹546 crore, and up 52% year-on-year. H1 collections were ₹1,041 crore, meeting 35% of the FY27 guidance of ₹3,000 crore.
Successful Project Launches and Landmark Transaction
During the quarter, EDL launched three new projects with a combined Gross Development Value (GDV) of ₹8,397 crore, surpassing the pre-launch estimate of ₹7,500 crore. In North Bengaluru, the ‘Embassy Origins’ project, comprising Embassy Riverine and Embassy South Reserve, achieved combined sales of ₹1,813 crore within two weeks of launch. Embassy Riverine alone recorded sales of ₹933 crore against a GDV of ₹3,155 crore.
In Mumbai, Embassy Terazza, Juhu, generated sales of approximately ₹758 crore against a GDV of ₹3,285 crore. Notably, this included a landmark ₹711 crore transaction for a single residence, which is reportedly India’s largest single-home residential sale.
Management Outlook
Aditya Virwani, Managing Director, Embassy Developments Limited, commented on the results, stating, “The numbers are testament to the strong response to our residential portfolio and the acceptance of the Embassy brand across markets and segments.” He added that with a substantial launch pipeline ahead, the company’s focus remains on sustaining this momentum and translating it into collections and project execution.
FY27 Pipeline and Guidance
With a FY27 launch pipeline of ₹19,400 crore GDV, the Company is well on track to achieve its FY27 pre-sales guidance of ₹8,000 crore, which includes ₹6,000 crore from owned developments and ₹2,000 crore from development management projects.
Source: BSE
