Embassy Developments Q1 FY26 Earnings Results

Company Overview:

Embassy Developments Ltd is active in residential real estate development across segments ranging from affordable housing to premium and uber-luxury spaces. The company focuses on constructing and developing residential, commercial, and SEZ projects primarily in the Mumbai Metropolitan Region (MMR) and National Capital Region (NCR). Presenting below its Q1 FY26 Earnings Results.

Financial Highlights for Q1 FY26:

• Revenue: ₹681 crore, up 38.98% year-on-year from ₹490 crore
• Total Expenses: ₹859 crore, up 36.13% year-on-year from ₹631 crore
• Consolidated Net Profit: -₹166 crore, compared to a profit of ₹121 crore in the same quarter last year
• Earnings Per Share (EPS): -₹1.21, down from ₹1.93 year-on-year

Performance Insights:

• Revenue grew strongly by nearly 39%, driven by increased project sales and activity in key metro markets.
• Expenses grew by 36%, driven by higher construction costs, project execution expenses, and possibly provisioning.
• The company reported a significant net loss compared to profit last year, indicating margin pressures and challenging project economics in the quarter.
• Embassy Developments’ focus remains on scaling project completions and managing operational costs amid a dynamic real estate market.
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Outlook:

The company intends to stabilize profitability through improved sales execution, cost rationalization, and focused project delivery in FY26 and beyond.

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