Embassy Developments Q1 FY27 pre-sales up 338% YoY at about Rs 868 cr
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Embassy Developments reported Q1 FY27 pre-sales of about Rs 868 crore, up 338% year-on-year from Rs 198 crore. Collections rose 54% YoY to about Rs 496 crore. The company received RERA approval for Embassy Terazza in Juhu, Mumbai with GDV exceeding Rs 3,000 crore. Board approved Rs 363 crore preferential warrants to promoters at Rs 111.51 per share, an 80% premium, with conversion committed within 6 months. On track for FY27 guidance of Rs 6,000 crore owned plus Rs 2,000 crore DM pre-sales.
Strong quarterly performance and promoter-backed capital infusion signal positive outlook; potential dilution from warrant conversion remains a watch point.