Embassy Developments Q2FY27 Pre-Sales Surge 272% to ₹3,225 Crore
Embassy Developments reported Q2 FY27 pre-sales of ₹3,225 crore, a 272% QoQ increase. H1 FY27 pre-sales were ₹4,093 crore, up 574% YoY. Collections for Q2 FY27 were ₹546 crore, up 10% QoQ. Three projects launched in Q2 FY27 with ₹7,500 crore GDV, including a record ₹711 crore residential sale in Mumbai.
The substantial increase in pre-sales, successful new project launches, and a record-breaking transaction indicate strong business performance and market reception, likely to positively impact investor sentiment and the company's valuation.
The company reported significant year-on-year and quarter-on-quarter growth in pre-sales and collections, along with successful project launches and a record residential sale.
Embassy Developments Limited (EMBDL) reported significant operational updates for the quarter ended September 30, 2026 (Q2 FY27). The company achieved pre-sales of approximately ₹3,225 crore in Q2 FY27, marking a substantial increase of about 272% compared to ₹868 crore in Q1 FY27. For the first half of FY27 (H1 FY27), pre-sales reached approximately ₹4,093 crore, showing a growth of about 574% over H1 FY26. This figure represents 51% of the company's FY27 pre-sale guidance of ₹8,000 crore.
Collections for Q2 FY27 stood at approximately ₹546 crore, a 10% rise from the previous quarter. Collections for H1 FY27 amounted to approximately ₹1,041 crore, a growth of about 53% over H1 FY26, meeting 35% of the FY27 collection guidance of ₹3,000 crore.
During the quarter, EMBDL launched three new projects with a Gross Development Value (GDV) of ₹7,500 crore, fulfilling 39% of the FY27 new project launches guidance. These include Embassy Origins Riverine in Bengaluru (₹2,500 crore GDV, with ₹933 crore sold within two weeks), Embassy Origins South Reserve in Bengaluru (₹1,950 crore GDV, with ₹880 crore sold within two weeks), and Embassy Terraza in Juhu, Mumbai (₹3,050 crore GDV, with ₹758 crore sold on launch). Notably, the Embassy Terraza launch included a single home residential transaction of approximately ₹711 crore, reportedly the largest in India to date.
As of September 30, 2026, the company's net institutional principal outstanding was approximately ₹3,732 crore, after accounting for cash and cash equivalents of about ₹1,258 crore. These numbers are provisional and subject to limited review.
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