By BullScreen Editorial Team 
Embassy Developments Limited reported a sharp rise in operational performance in its Q4 results 2026, driven by strong demand for premium and luxury housing projects, even as the company posted a consolidated net loss for FY2026 due to accounting adjustments linked to its merger restructuring.
The company’s pre-sales for Q4 FY2026 surged 89% quarter-on-quarter to INR 2,632 crore, while full-year pre-sales more than doubled to INR 4,631 crore from INR 2,031 crore a year earlier. The growth was supported by strong launches such as Embassy Citadel in Mumbai and Embassy Verde Phase 2 in Bengaluru, which together generated INR 1,385 crore in bookings during the quarter.
Embassy Developments said it sold 1.78 million square feet during the March quarter, up 50% sequentially. Annual sales volume climbed 62% year-on-year to 3.58 million square feet. The company also strengthened its position in Bengaluru’s luxury housing market, capturing more than 65% share in the INR 10 crore-plus segment through projects like Embassy Eden.
Despite strong operational momentum in the Q4 results 2026, the company reported a FY2026 net loss of INR 872 crore against a profit of INR 194 crore in FY2025. Revenue from operations fell 20.5% year-on-year to INR 1,732 crore. Management attributed the decline mainly to revenue recognition timing in real estate projects and fair-value accounting adjustments arising from the reverse merger with Nam Estates and Embassy One Commercial Property Developments.
The balance sheet remained relatively stable, with total assets rising 5% to INR 21,538 crore. Cash and cash equivalents jumped 335% year-on-year to INR 779 crore, while net institutional debt-to-equity stayed healthy at 0.3x.
Looking ahead, Embassy Developments has guided for INR 6,000 crore in pre-sales and around INR 3,000 crore in collections for FY2027, supported by 11 planned project launches with an estimated gross development value of INR 19,400 crore.
| Metric | Performance | Growth/Change |
|---|---|---|
| Q4 Pre-Sales | INR 2,632 Cr | ↑ 89% QoQ |
| FY2026 Pre-Sales | INR 4,631 Cr | ↑ 128% YoY |
| Q4 Area Sold | 1.78 Mn Sq. Ft. | ↑ 50% QoQ |
| FY2026 Area Sold | 3.58 Mn Sq. Ft. | ↑ 62% YoY |
| Q4 Collections | INR 577 Cr | ↑ 39% QoQ |
| Cash & Equivalents | INR 779 Cr | ↑ 335% YoY |
| Gross Development Value (GDV) | INR 57,700 Cr | Strong Project Pipeline |
| FY2027 Pre-Sales Target | INR 6,000 Cr | Management Guidance |
| Metric | FY2026 | FY2025 |
|---|---|---|
| Revenue from Operations | INR 1,732 Cr | INR 2,180 Cr |
| Total Income | INR 1,905 Cr | INR 2,547 Cr |
| EBITDA | Loss of INR 300 Cr | Profit of INR 531 Cr |
| Net Profit / Loss (PAT) | Loss of INR 872 Cr | Profit of INR 194 Cr |
| Total Assets | INR 21,538 Cr | INR 20,484 Cr |
| Gross Borrowings | INR 5,218 Cr | INR 4,527 Cr |
| Net Debt-to-Equity Ratio | 0.3x | Healthy Leverage |
Source: https://embassyindia.com/wp-content/uploads/2025/12/EDL_Investor-Update_20052026.pdf