Embassy Developments Limited (EDL) has announced its investor update for the quarter and half-year ended September 30, 2026. The company achieved a record-breaking ₹3,225 crore in pre-sales for Q2 FY27, an increase of 689% year-over-year. For the first half of FY27, pre-sales reached ₹4,093 crore, close to 90% of the entire FY26 figures. Collections for Q2 FY27 stood at ₹546 crore.
Embassy Developments Reports Record Quarterly Performance
Embassy Developments Limited (EDL) has released its investor update highlighting a period of exceptional growth. For the second quarter of fiscal year 2027 (Q2 FY27), the company reported ₹3,225 crore in pre-sales, marking a significant year-over-year increase of 689% compared to Q2 FY26. This performance represents the strongest quarter in the company’s history.
H1 FY27 Pre-Sales and Collections
Looking at the first half of fiscal year 2027 (H1 FY27), Embassy Developments achieved total pre-sales of ₹4,093 crore. This figure is noteworthy as it represents nearly 90% of the company’s entire pre-sales for the full fiscal year 2026. The company attributes this broad-based growth across projects, price points, and geographies to investments made in land, product, and people over the past few years.
Collections for Q2 FY27 were reported at ₹546 crore, bringing the H1 FY27 total to ₹1,041 crore. The company anticipates these collections will accelerate as ongoing projects mature.
Key Project Highlights
Significant transactions were noted during the quarter, including a landmark ₹711 crore deal for an entire residence at Embassy Terazza in Juhu, Mumbai. This is described as the largest single residential transaction in India to date. Additionally, Embassy Citadel in Worli, one of India’s tallest residential developments, has sold over ₹1,300 crore of inventory within six months of its launch.
In Bengaluru, the Embassy Origins project, comprising Riverine and South Reserve, generated over ₹1,800 crore in pre-sales within two weeks of its launch.
Financial Position and Outlook
As of September 30, 2026, net institutional debt stood at approximately ₹3,982 crore, with cash and cash equivalents at around ₹1,258 crore. The company is actively investing in construction and new launches, with customer payments linked to construction milestones. The inflection point for collections is expected in FY28, followed by a reduction in debt.
Embassy Developments is on track to meet its guidance of approximately ₹6,000 crore in owned pre-sales and ₹2,000 crore from development management projects for FY27. Collections are also projected to reach approximately ₹3,000 crore.
Leadership Transition
The company also announced a leadership transition. Aditya Virwani will take on the role of Managing Director & CEO effective January 1, 2027, succeeding Mr. Sachin Shah, who will move to a Senior Advisor role. This transition is planned to ensure continuity and support the company’s next phase of growth.
Source: BSE
