Embassy Developments Q1 FY27 Pre-sales Surge 338% to ₹868 Cr

Embassy Developments Ltd reported a strong start to FY27 with Q1 pre-sales reaching approximately ₹868 crore, a significant 338% increase year-on-year. Collections also saw a substantial rise of 54% to ₹496 crore. The company highlighted continued demand, particularly in Bengaluru where 72% of launched inventory sold within six months. Occupancy Certificates were received for projects in Gurugram and Savroli. Financially, net institutional debt stood at ₹3,363 crore with cash and equivalents at ₹1,202 crore. The company plans a preferential allotment of convertible warrants to Embassy Group, subject to shareholder approval, to strengthen its balance sheet and reduce the cost of capital. Embassy Developments remains on track to meet its FY27 guidance of ₹6,000 crore in pre-sales from owned developments and ₹2,000 crore from development management projects.