Embassy Developments Limited (EMBDL) Earnings Call Transcripts

Embassy Developments Limited's Latest Earnings Call - Q4 FY2026

Embassy Developments Limited (EMBDL:IN) reported a strong Q4 FY '26, marking the strongest quarter in the company's history with presales of INR 2,632 crores, up 89% quarter-on-quarter. For the fiscal year, total presales reached INR 4,631 crores, a remarkable 128% increase year-on-year, although the company reported an accounting loss of INR 872 crores at the PAT level due to revenue recognition timing. Management provided FY '27 guidance of INR 6,000 crores in presales, representing a 30% year-on-year growth, alongside collections of approximately INR 3,000 crores, reflecting a 75% increase from FY '26.

Reported metrics

Guidance from management

Management expects FY '27 presales of INR 6,000 crores and collections of approximately INR 3,000 crores, indicating strong growth expectations. This guidance reflects a 30% increase in presales year-on-year.

What management said

Sure. So I'll just give you a flavor. The pipeline that we have of roughly 11 projects, INR 19,000-plus crores in GDV is pretty scattered across the entire year. Embassy One - North Tower, we've actually already got our building plan. So we are going to launch this project this quarter. And Embassy Knowledge Park, which is quite a big project, would probably be towards the end of this quarter or might spill over to Q...

Mohit, it's Sachin here. So while we are expecting collections of roughly INR 3,000-odd crores this year, we also want to spend approximately INR 2,500-odd crores on construction. So we want to really use our collections to keep pushing construction, get those milestone-linked payments to keep coming in. And so you might not see a huge reduction in debt for this year. But what you'll see us -- you'll see the company ...

What analysts pressed on

Analysts expressed concerns regarding the timing of revenue recognition and its impact on profitability. There were also questions about the company's ability to manage debt levels amidst rising construction costs and the overall market environment.

Main topics on the call

• Record Presales — Q4 FY '26 presales reached INR 2,632 crores, representing an 89% increase quarter-on-quarter. Management stated, "FY '26 presales increased to INR 4,631 crores, up 128% year-on-year."
• Revenue Recognition Challenges — The company reported an accounting loss of INR 872 crores, attributed to the timing of revenue recognition under Ind AS 115. Management noted, "What you are thereby seeing in FY '26 is a cost structure built ahead of the...
• Legal and Regulatory Resolutions — Embassy secured favorable outcomes in two significant legal matters, including the quashing of CIRP proceedings and a favorable ruling from the High Court of Karnataka. This was highlighted as a positive development for ...
• Strong FY '27 Guidance — Management provided FY '27 guidance of INR 6,000 crores in presales and INR 3,000 crores in collections, indicating a positive outlook. They stated, "We enter FY '27 with confidence in the strength of our launch pipeline...

Read the full Embassy Developments Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 Embassy Developments Limited earnings call transcripts on record, spanning May 27, 2022 to August 11, 2026. Based on this history, Embassy Developments Limited reports annually. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EMBDL

Exchange

NSEI

Country

IN

Sector

Real Estate

Industry

Real Estate Management and Development

Calls on record

4

First call

May 27, 2022

Most recent

August 11, 2026

Reporting cadence

annually