Embassy Developments Surges 4% on Robust Q3 Pre-Sales Update
Overview
Embassy Developments shares climbed 4.2% after releasing its Q3FY26 business update. The company reported a significant quarter-on-quarter surge in pre-sales, reaching ₹1,392 crore, a 240% increase from Q2FY26. Collections also saw a 15% rise. The firm confirmed it remains on track to meet its full-year pre-sales guidance of ₹5,000 crore.
Embassy Developments' stock price jumped 4.2% on the BSE, hitting an intra-day high of ₹69.9 per share. This surge followed the company's release of its Q3FY26 business update. As of 11:08 AM, the shares were trading up 1.63% at ₹68.12, outperforming the Sensex, which was down 0.61% at 83,067.41. The company currently holds a market capitalization of ₹9,472.99 crore.
Strong Quarter Performance
The real estate developer recorded pre-sales totaling ₹1,392 crore in the December quarter (Q3FY26). This represents a substantial 240% quarter-on-quarter growth compared to Q2FY26. Collections for the quarter were approximately ₹415 crore, a 15% increase from the previous quarter. Cumulative collections for the first nine months of FY26 reached ₹1,096 crore. As of December 31, 2025, the company's net institutional debt stood at approximately ₹2,939 crore.
Project Approvals and Future Outlook
Embassy Developments secured RERA approvals for four major projects: Embassy Citadel (Mumbai), Embassy Greenshore (North Bengaluru), Embassy Eden (North Bengaluru), and Embassy Verde Phase 2 (North Bengaluru). These projects have an aggregate estimated Gross Development Value (GDV) exceeding ₹12,800 crore. Additionally, the company received the Occupancy Certificate for 239 apartments at its Serene Amara senior living project in Bengaluru.
Based on current momentum and visibility into its pipeline, Embassy Developments remains confident in achieving its full-year pre-sales guidance of ₹5,000 crore for FY26. The company, formerly known as Indiabulls Real Estate Limited, has a diverse portfolio across residential, commercial, and SEZ projects in major Indian cities.
