Embassy Developments Reports ~338% YoY Growth in Q1 FY27 Pre-Sales
Embassy Developments Ltd (EDL) announced a robust start to FY27, with Q1 FY27 pre-sales reaching approximately ₹868 crore, a significant year-on-year growth of ~338% compared to ₹198 crore in Q1 FY26. Collections also saw a substantial increase of ~54% YoY, amounting to ₹496 crore. The company secured RERA approval for its flagship DM project, Embassy Terazza in Juhu, Mumbai, with a Gross Development Value (GDV) exceeding ₹3,000 crore. Additionally, the Board approved a preferential allotment of convertible warrants worth ~₹363 crore to Embassy Group, subject to shareholder approval. Promoters have committed to converting these warrants into equity within six months, demonstrating strong confidence in the company's growth strategy.
Key Highlights
- Q1 FY27 pre-sales surged ~338% YoY to ₹868 crore.
- Collections grew ~54% YoY to ₹496 crore.
- Received RERA approval for Embassy Terazza project (GDV > ₹3,000 crore).
- Board approved preferential allotment of warrants worth ₹363 crore.
- Promoters committed to early conversion of warrants into equity.
Price Impact
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