| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 217 | 681 | −68.2% |
| EBITDA | −131 | −10.8 | — |
| EBITDA margin | −60.3% | −1.6% | −58.7 pts |
| Profit before tax | −238 | −165 | — |
| Net profit | −234 | −166 | — |
| EPS | −₹1.69 | −₹1.29 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 7,067 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 913 | 913 | 248 | 38.4 | 83.3 | ||
| 96.1 | 96.1 | 5.6 | 12.0 | 11.7 | ||
| 5,218 | 5,218 | 4,526 | 302 | 256 | ||
| 11,467 | — | — | — | — | ||
| 1,265 | 1,732 | 2,180 | 414 | 587 | ||
| — | −20.6% | +426.8% | −29.5% | — | ||
| −596 | −474 | 164 | −428 | −546 | ||
| −47.2% | −27.4% | 7.5% | −103.5% | −93.0% | ||
| −651 | −521 | 149 | −439 | −558 | ||
| −944 | −872 | 194 | −1,038 | −608 | ||
| −74.7% | −50.4% | 8.9% | −250.9% | −103.6% | ||
| −₹6.79 | −₹6.28 | ₹1.48 | −₹7.47 | −₹4.38 | ||
| — | −523.1% | +119.9% | −70.7% | — | ||
| — | 44.5 | 1,461 | −97.3 | −343 | ||
| — | −43.9 | 0.0 | −2.4 | −0.9 | ||
| 0.6 | 0.6 | 1,461 | −99.7 | −344 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 7,066.9 | |
| - Cash, Equiv & ST Investments | 83.3 | 38.4 | 248.2 | 913.4 | 913.4 | |
| + Minority Interest | 11.7 | 12.0 | 5.6 | 96.1 | 96.1 | |
| + Total Debt | 255.5 | 301.9 | 4,526.5 | 5,217.6 | 5,217.6 | |
| Enterprise Value | — | — | — | — | 11,467.2 | |
| Revenue | 586.8 | 413.8 | 2,179.9 | 1,731.8 | 1,264.7 | |
| Growth %, YoY | — | -29.5 | +426.8 | -20.6 | — | |
| EBITDA | -545.8 | -428.1 | 163.8 | -473.6 | -596.4 | |
| Margin % | -93.02 | -103.46 | 7.51 | -27.35 | -47.16 | |
| EBIT | -557.9 | -439.4 | 149.1 | -521.4 | -650.6 | |
| Net Income | -607.6 | -1,038.4 | 193.6 | -872.5 | -944.2 | |
| Margin % | -103.55 | -250.93 | 8.88 | -50.38 | -74.65 | |
| EPS, Adj (current shares) | -4.38 | -7.47 | 1.48 | -6.28 | -6.79 | |
| Growth %, YoY | — | -70.7 | +119.9 | -523.1 | — | |
| Cash from Operations | -342.9 | -97.3 | 1,460.9 | 44.5 | — | |
| Capital Expenditures | -0.9 | -2.4 | -0.0 | -43.9 | — | |
| Free Cash Flow | -343.7 | -99.7 | 1,460.9 | 0.6 | 0.6 | |
Prices at the previous close · figures from the company's filings with NSE
Embassy Developments (NSE: EMBDL) had a market capitalisation of ₹7,067 crore at the previous close (₹50.84 a share) and a price-to-book ratio of 0.72. In FY26 its consolidated net loss was ₹873 crore on revenue of ₹1,732 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹234 crore. Its debt-to-equity ratio was 0.52 on 31 March 2026. Promoters held 42.68% of the shares on 30 September 2026.
Embassy Developments' PE ratio is not meaningful at the previous close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹944 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹7,067 crore at ₹50.84 a share.
Embassy Developments' price-to-book (PB) ratio is 0.72 at the previous close: a market capitalisation of ₹7,067 crore divided by shareholders' equity (book value) of ₹9,868 crore on 31 March 2026. That is a book value of ₹70.99 per share against a share price of ₹50.84.
In FY26, Embassy Developments' return on equity (ROE) was −9.1% and its return on capital employed (ROCE) was −3.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 3.4% and ROCE 1.8%.
Embassy Developments' market capitalisation was ₹7,067 crore at the previous close: 139 crore shares at ₹50.84 each.
No. Embassy Developments had borrowings of ₹5,218 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.52. Its cash and current investments were ₹1,136 crore, so its net debt was ₹4,081 crore.
Embassy Developments' basic earnings per share (EPS) were −₹6.43 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹6.82.
Embassy Developments' debt-to-equity ratio was 0.52 on 31 March 2026: borrowings of ₹5,218 crore against total equity of ₹9,964 crore. A year earlier, on 31 March 2025, it was 0.49.
Embassy Developments' net worth — shareholders' equity in its consolidated balance sheet — was ₹9,868 crore on 31 March 2026, up 5.9% from ₹9,321 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹7,067 crore at the previous close.
Embassy Developments' book value per share was ₹70.99 on 31 March 2026: shareholders' equity of ₹9,868 crore divided by the 139 crore shares in issue. The share price at the previous close was ₹50.84.
Promoters held 42.68% of Embassy Developments on 30 September 2026, up 0.03 percentage points from 42.65% the previous quarter and up 0.02 percentage points from 42.66% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Embassy Developments generated ₹44.5 crore of cash from operations and spent ₹43.9 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹59 lakh. In FY25 it was ₹1,461 crore.
Embassy Developments' latest results are for Q1 FY27 (April–June 2026): consolidated net loss ₹234 crore, wider than the loss of ₹166 crore in Q1 FY26; revenue from operations ₹217 crore, down 68.2% year on year.
On 30 September 2026, Embassy Developments' shares were held by promoters 42.68%, foreign portfolio investors (FII/FPI) 24.01%, domestic institutions (DII) 3.03% (including mutual funds at 2.70%) and retail and other non-institutional investors 30.25%. Over the year, FII holding was down 2.64 percentage points from 26.65% and DII holding was down 0.61 percentage points from 3.64%.
In FY26 (April 2025–March 2026), Embassy Developments' consolidated net loss was ₹873 crore, against a profit of ₹206 crore in FY25, on revenue from operations of ₹1,732 crore (down 20.6%).
In FY26, Embassy Developments earned net profit of ₹873 crore on revenue of ₹1,732 crore, against ₹1,196 crore on ₹12,685 crore for Prestige Estates Projects. Embassy Developments' operating margin was −30.1% (Prestige Estates Projects 22.1%) and its return on equity −9.1% (Prestige Estates Projects 7.5%).
Embassy Developments will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Prestige Estates Projects, Brigade Enterprises and Sobha: Embassy Developments' operating margin of −30.1% is the lowest of the four (Prestige Estates Projects 22.1%, Brigade Enterprises 19.6%, Sobha 3.9%; peer average 15.2%); its return on equity of −9.1% is the lowest of the four (Prestige Estates Projects 7.5%, Brigade Enterprises 10.3%, Sobha 4.2%; peer average 7.3%); its revenue growth over three years of 43.4% a year is the highest of the four (Prestige Estates Projects 15.1% a year, Brigade Enterprises 18.3% a year, Sobha 16.2% a year; peer average 16.5% a year).
From Embassy Developments' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.