Embassy Developments Limited (EDL) announced its FY2025 financial results post-merger, targeting a Gross Development Value (GDV) of ₹22,000 crore for FY2026 and residential pre-sales of ₹5,000 crore.
The combined company has a total GDV of ₹48,000 crore from projects, in addition to future developable land banks.
EDL aims to launch 10 projects in FY2026 with a GDV exceeding ₹22,000 crore and targets pre-sales of approximately ₹5,000 crore, a 150% increase over FY2025, with estimated collections of approximately ₹2,200 crore.
FY2025 Profit After Tax (PAT) stood at approximately ₹203 crore, with revenue, pre-sales, and collections each exceeding ₹2,000 crore.
A proposed acquisition opportunity for Embassy REIT involves a commercial development in Whitefield, Bengaluru, with an expected GDV of ₹3,200 crore – ₹3,700 crore for approximately 3.3 million square feet.
A transaction of ₹1,125 crore with a global semiconductor equipment manufacturer involves sub-leasing and divesting approximately 25 acres in Whitefield, Bengaluru.
Pre-sales in FY2025 reached ₹2,000 crore, up 11% year-over-year, with new bookings of 2.2 million square feet, a 14% increase year-over-year. Collections amounted to ₹1,900 crore.
Three new residential projects were launched in FY2025, with a topline of approximately ₹1,700 crore and approximately 1.6 million square feet of saleable area, with 71% already sold.
Six new projects were acquired during FY2025, with an estimated GDV of approximately ₹9,200 crore and approximately 5.0 million square feet of saleable area.
Land monetization in MMR during FY2025 amounted to approximately 19 acres, valued at approximately ₹18 crore.
In Q4FY25, revenue was ₹1,183 crore, EBITDA was ₹301 crore, and PAT was ₹123 crore.
For FY25, Revenue was ₹2,547 crore, EBITDA was ₹531 crore and PAT was ₹203 crore.
Gross Debt stood at ₹2,756 crore, with 0.3x debt to equity; Total Equity at ₹9,327 crore and Cash & Cash Equivalents at ₹483 crore, Net debt ₹2,273 crore.
Aditya Virwani, Managing Director, Embassy Developments Ltd., said, “As we close out our first ever quarter as a newly merged entity, we are excited to demonstrate how the same strategies that have powered our commercial success are now propelling us to replicate and amplify that impact within the residential sector...”.