Topic
embassy developments
Finance Embassy Developments Net Loss Widens to ₹234.40 Crore in Q1 on Lower Income
Embassy Developments Ltd reported a consolidated net loss of ₹234.40 crore for the June quarter, widening from ₹165.64 crore a year earlier, as total income dropped to ₹241.28 crore from ₹694.05 crore. The board also approved a preferential allotment of ₹363 crore in convertible warrants to Embassy Group at ₹111.51 per share, an 80% premium over the regulatory floor.
Business Embassy Developments Targets ₹8,000 Crore Pre-Sales in FY27 Amid West Asia Supply Chain Pressures
Embassy Developments Ltd aims for ₹8,000 crore in pre-sales for FY27, a 73% jump from the previous year. Managing Director Aditya Virwani cited robust end-user demand but flagged West Asia-linked supply constraints for tiles and other materials, which are squeezing industry profit margins. The company will launch ₹19,500 crore worth of homes across Bengaluru, MMR, and Delhi-NCR to meet the target.