Embassy Developments Q3 FY26 Pre-Sales Jump 240% QoQ

Embassy Developments Limited reported a robust Q3 FY26 performance, driven by sharp sales growth and healthy cash flows. Pre-sales reached Rs. 1,392 crore, a 240% increase QoQ, while new bookings rose 193% to 1.19 million sq. ft.

For 9M FY26, cumulative pre-sales stood at Rs. 1,999 crore (up 46% YoY), with total area sold rising 36% YoY to 1.8 million sq. ft.

Collections remained steady at Rs. 414 crore in Q3 (up 15% QoQ), taking 9M collections to Rs. 1,096 crore.

Key Highlights

• Pre-sales surged 240% QoQ to Rs. 1,392 crore
• Major Bengaluru residential and commercial launches worth Rs. 6,500+ crore GDV
• Strong balance sheet with low leverage and Rs. 670 crore cash

Construction spending was closely aligned at Rs. 401 crore in Q3 (97% spend-to-collections) and Rs. 868 crore for nine months (79%), highlighting execution discipline.

The company strengthened its Bengaluru real estate presence with launches of Embassy Greenshore and Embassy Eden in North Bengaluru and a 2.7 million sq. ft. commercial project, Embassy East Business Park Phase I, in East Bengaluru. These represent over Rs. 6,500 crore GDV. Greenshore (GDV Rs. 1,600 crore) clocked Rs. 804 crore pre-sales, while Eden (GDV Rs. 1,800 crore) saw strong pricing.

Commenting on the quarter’s performance, Aditya Virwani, Managing Director of Embassy Developments, said, “Q3 reflects the transition of Embassy Developments into a scaled, execution-led platform. Strong pre-sales momentum, key RERA approvals, and healthy cash flows give us confidence in delivering our FY26 guidance while continuing to strengthen our presence across Mumbai and Bengaluru.”

Upcoming launches include Embassy Citadel, Worli (~Rs. 8,800 crore GDV), Embassy Verde Phase 2, Embassy Serenity, Alibaug, and Embassy Sky Terraces. The company also received an Occupancy Certificate for 239 senior living homes at Serene Amara.

Also Read: Embassy Developments to Invest Rs. 7,000 Cr in Mumbai Homes

Financially, gross debt stood at Rs. 3,700 crore (0.36x D/E), net debt at Rs. 3,000 crore (0.29x), with Rs. 670 crore cash. The portfolio shows a Rs. 28,200 crore project surplus and 47.5% net operational cash margin.