Embassy Developments Q3 loss widens; auditor flags NCLAT insolvency matter
EMBDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.1 pts less than Nifty Microcap 250 and 5.7 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Embassy Developments posted weak Q3 FY26 results. Standalone revenue dropped to Rs 405.22M from Rs 2,948.33M YoY with a loss of Rs 739.63M. Consolidated Q3 loss was Rs 2,337M against profit earlier. Nine-month consolidated loss stood at Rs 5,520M versus a profit of Rs 706M last year. Auditor issued unmodified review but added an emphasis of matter on the ongoing NCLAT insolvency proceedings linked to an old corporate guarantee. Prior year figures are not comparable due to reverse merger accounting.
Widening losses and unresolved NCLAT insolvency case may weigh on the stock. Next hearing Feb 19. Prior year figures not comparable due to reverse merger.