Q1 FY27 update: pre-sales up 338% to Rs 868 Cr, warrants allotted to promoter
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Embassy Developments reported Q1 FY27 pre-sales of Rs 868 crore, up 338% YoY, with collections up 54% to Rs 496 crore. Net institutional debt was Rs 3,363 crore against cash of Rs 1,202 crore (0.35x net debt to equity). PAT was a loss of Rs 234 crore due to long development cycle. Board approved convertible warrants to promoter Embassy Group at Rs 111.51 per share to repay shareholder debt. FY27 guidance of Rs 6,000 crore owned pre-sales and Rs 2,000 crore DM pre-sales reaffirmed.
Strong sales momentum, promoter capital infusion, and reaffirmed FY27 guidance point to steady execution, though losses continue due to long project cycles.