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INDIABULLS REAL ESTATE LTD. Q3 FY26 Results

EMBDLQ3 FY26 Results
Filing
MetricValue ( Cr)Q2 FY26Q3 FY25
Revenue212.4056.9%23.7%
Total Income264.0250.8%14.7%
Expenditure498.2827.7%76.2%
PBT-238.6457.0%988.8%
Net Profit-233.7253.1%1143.8%
OPM-73.80%63.30pp69.67pp
NPM-88.52%60.09pp95.75pp
EPS1.6850.0%380.0%
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Embassy Developments Reports ~240% QoQ Growth in Pre-sales in Q3 FY26; Key RERA Approvals Strengthen FY26 Outlook

09 Feb 2026 · 9 Feb, 7:46 pm

Summary

Embassy Developments Limited announced its results for the third quarter ended December 31, 2025 (Q3 FY26), demonstrating strong sales traction, healthy cash flows, and continued progress on regulatory milestones. The Company recorded pre-sales of ~INR 1,392 crore in Q3 FY26 compared to ~INR 409 crore in Q2 FY26, representing a ~240% Q-o0-Q growth. Construction spend during the quarter was ~INR 401 crore, reflecting a ~97% spend-to-collections ratio. The Company achieved important milestones, including the launch of 2 residential projects and 1 commercial project, and received the Occupancy Certificate for 239 apartments at a senior living project.

Key Highlights

  1. 1

    ~240% QoQ growth in pre-sales in Q3 FY26

  2. 2

    New bookings during the quarter stood at ~1,192k sq. ft.

  3. 3

    Cumulative pre-sales for 9M FY26 reached ~INR 1,999 crore

  4. 4

    Construction spend during the quarter was ~INR 401 crore

  5. 5

    Embassy Developments launched 2 residential projects and 1 commercial project

  6. 6

    Received Occupancy Certificate for 239 apartments at a senior living project

Management Comments

A

Aditya Virwani

Q3 reflects the transition of Embassy Developments into a scaled, execution-led platform. Strong pre-sales momentum, key RERA approvals and healthy cash flows give us confidence in delivering our FY26 guidance while continuing to strengthen our presence across Mumbai and Bengaluru.

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