Key takeaway: Embassy Developments Limited held its earnings conference call on May 21, 2026, to discuss its operational and financial performance for the quarter and financial year ended March 31, 2026. Management reported that FY '26 was a landmark year, marking the first full year of the merged platform. Q4 presales reached INR2,632 crores, an 89% increase quarter-on-quarter, while FY '26 presales totaled INR4,631 crores, up 128% year-on-year. The company achieved approximately 93% of its presales guidance of INR5,000 crores. Management noted significant project launches and favorable legal outcomes, including the resolution of two major legal matters. However, the reported P&L reflected an accounting loss of INR872 crores, attributed to revenue recognition policies. For FY '27, management set a goal of INR6,000 crores in presales and INR3,000 crores in collections, supported by a robust launch pipeline and ongoing projects. The call concluded with management expressing confidence in the company's future performance.

Key takeaway: Embassy Developments Limited held its Q3 and 9M FY '26 earnings conference call on February 10, 2026. Management highlighted the successful merger of Indiabulls Real Estate Limited and NAM Estates, rebranding as Embassy Developments Limited. They reported a significant operational scale with over 40 projects and approximately 38 million square feet of development. Management emphasized a focus on project execution and organic growth, aiming for Rs. 5,000 crore in pre-sales for FY '26. They noted a strong response to recent residential launches, particularly in Bengaluru. Financially, the company reported total income of Rs. 1,495 crore for the nine months, with a negative EBITDA of Rs. 107 crore due to legacy project costs. Management expressed confidence in addressing ongoing insolvency proceedings and maintaining business continuity. They also discussed plans for future launches and the importance of cash flow generation.