Embassy Developments Ltd , focused on residential real estate from affordable to uber-luxury, plus commercial and SEZ projects primarily in MMR and NCR regions, reported deeper losses for Q2FY26 despite slight revenue uptick.
Financial Highlights:
- Revenues increased 3.79% year-on-year to ₹493 crore from ₹475 crore, but declined 27.58% sequentially.
- Total expenses surged 36.44% to ₹689 crore from ₹505 crore.
- Consolidated net loss widened to ₹153 crore from ₹34 crore loss YoY.
- Earnings per share deteriorated to -₹1.12 from -₹0.54.
Rising expenses from project execution, land costs, and operational headwinds overwhelmed marginal revenue growth, leading to significant loss expansion.
Outlook:
Embassy Developments Ltd plans new launches worth ₹10,300 crore in Bengaluru/Mumbai, secured ₹1,370 crore growth capital, and targets ₹5,000 crore FY26 pre-sales while managing debt at 0.37x equity.
Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.
