India · Delayed Price · Currency is INR Embassy Developments Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw strong pre-sales and collections growth, despite lower reported revenue and a net loss due to completion accounting. The company maintains robust guidance for FY 2027, with a significant launch pipeline and disciplined capital management, supported by strong demand in core markets.
Fiscal Year 2026
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FY 2026 saw record pre-sales and strong operational momentum, despite reported losses due to revenue recognition timing and merger accounting. The company enters FY 2027 with a robust launch pipeline, strong balance sheet, and guidance for significant growth in pre-sales and collections.
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The company reported strong operational momentum post-merger, with INR 2,000 crore pre-sales in nine months and robust launches in Bengaluru and Mumbai. Despite legacy project costs impacting EBITDA, management expects profitability to improve as new projects contribute and targets INR 5,000 crore pre-sales for FY 2026.