Embassy Developments Ltd (BOM:532832)

Q3 2026 Embassy Developments Ltd Earnings Call Transcript

Feb 9, 2026 / 05:30 AM GMT

Release Date Price: ₹64.37 (-4.68%)

Transcript

Key Points

Positve

Embassy Developments Ltd (BOM:532832) successfully completed a merger with India Bulls Real Estate Limited, creating a stronger and more resilient real estate platform.
The company has a significant presence across 8 cities with a portfolio of over 40 projects and approximately 38 million square feet of residential and commercial development.
Embassy Developments Ltd has recorded close to 2000 crores of pre-sales in the first nine months of the year, with a confident outlook to achieve a 5,000 crore FY26 pre-sales target.
The company has launched several successful projects, including Embassy Paradiso and Embassy Greenshore, which have seen strong demand and pricing strength.
Embassy Developments Ltd has a robust cash flow visibility with an estimated project surplus of approximately 28,000 crores, supporting construction, debt servicing, and growth.

Negative

The company is currently facing insolvency proceedings related to historical corporate guarantee arrangements, although management is confident in the strength of their case.
Embassy Developments Ltd reported a loss due to higher costs associated with legacy projects from India Bulls Real Estate, impacting current profitability.
The company's debt levels are relatively high, with a gross total debt of approximately 4,700 to 4,800 crores, and efforts are ongoing to manage and reduce this debt.
There is a significant amount of unsold inventory, approximately 4,500 crores, which the company needs to focus on selling to improve cash flow.
The company is still in the process of integrating and completing legacy projects, which may continue to impact financial performance in the short term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EMBS.NS - Embassy Developments Ltd
Q3 2026 Embassy Developments Ltd Earnings Call
Feb 10, 2026 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Q3N9MF 526 earnings conference call hosted by MBCy Developments Limited.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal the operator by pressing, then 0 on your touchtone phone.

I now hand the conference over to Mr. Aditya Veelwai, promoter and managing director from Embassy Developments Limited.

Thank you and over to you, sir.

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Unidentified_2 [2]
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