Embassy Developments reported robust Q2 FY27 performance with pre-sales hitting INR 3,225 crore, a 272% jump over the previous quarter. The company has achieved 51% of its annual sales guidance through aggressive new launches in Bengaluru and Mumbai.
Embassy Developments Q2 FY27 Results: Pre-Sales Surge 272%
Embassy Developments posted Q2 FY27 pre-sales of INR 3,225 crore and collections of INR 546 crore.
Reader Takeaway: Strong launch absorption drives 51% of annual sales target achievement, though sustaining momentum in H2 remains critical.
What just happened
Embassy Developments announced a major uptick in operational performance for the quarter ended September 30, 2026. Pre-sales reached INR 3,225 crore, a significant 272% increase compared to the INR 868 crore recorded in Q1 FY27. For the first half of the fiscal year (H1 FY27), total pre-sales touched INR 4,093 crore, marking a 574% surge over the same period last year. Collections also showed steady growth, rising 10% sequentially to reach INR 546 crore for the quarter.
Why this matters
The company has successfully reached 51% of its annual pre-sales guidance of INR 8,000 crore in just six months. This performance is largely attributed to three major project launches during the quarter, which carried a combined Gross Development Value (GDV) of INR 7,500 crore. These launches, located in Bengaluru and Mumbai, saw immediate traction from buyers, confirming strong demand for the company’s new premium inventory.
Project Highlights
- Embassy Origins Riverine, Bengaluru: Achieved sales of INR 933 crore within two weeks.
- Embassy Origins South Reserve, Bengaluru: Sold INR 880 crore in just two weeks.
- Embassy Terraza, Mumbai: Secured sales of INR 758 crore at launch, highlighted by a single transaction worth INR 711 crore.
Net Debt
As of September 30, 2026, the company reported a net institutional principal outstanding of INR 3,732 crore. This figure accounts for the company's cash and cash equivalents, which currently stand at INR 1,258 crore.
What to track next
Investors should monitor the company's ability to maintain this sales velocity throughout the second half of the year. With 49% of the annual sales target remaining, the successful conversion of pipeline projects will be the key indicator for meeting or exceeding the fiscal year guidance.