Conference Call with Embassy Developments Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.
Realty company Embassy Developments announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Rs 1,183 crore in Q4FY25 vs. Rs 329 crore in Q3FY25 & Rs 402 crore in Q4FY24, up 100% both QoQ & YoY Rs 301 crore in Q4FY25 vs. Rs 98 crore in Q3FY25 & Rs 30 crore in Q4FY24, up +100% both QoQ & YoY Rs 123 crore in Q4FY25 vs. loss of Rs 26 crore in Q3FY25 & loss of Rs 90 crore in Q4FY24, up +100% both qo-q & YoY FY25 Financial Highlights: Rs 2,547 crore vs. Rs 1,218 crore a year ago, up 100% YoY Rs 531 crore vs. Rs 36 crore a year ago, up +100% YoY Rs 203 crore vs. loss of Rs 485 crore a year ago, up +100% YoY Gross Debt stood at Rs 2,756 crore, with 0.3x debt to equity; Total Equity at Rs 9,327 crore Cash & Cash Equivalents at Rs 483 crore, Net debt Rs 2,273 crore Business Highlights: Flagship development entity for the Embassy Group (Promoter with ~43% stake) Combined Company total GDV of Rs 48k crore from projects, besides future fully paid developable land banks Targets 10 project launches in FY2026 with GDV in excess of ~Rs 22k crore Pre-sales target of ~Rs 5k crore, a 150% jump over FY2025; estimated collections of ~Rs 2.2k crore FY2025 PAT of ~Rs 203 crore; Revenue, Pre-sales, Collections more than ~Rs 2k crore each Pre-sales: Rs 2.0k crore in FY2025 vs. Rs 1.8k crore a year ago, up 11% YoY New bookings: 2.2 msf in FY2025 vs. 2.0 msf in FY2024, up 14% YoY Collections: Rs 1.9k crore in FY2025 Aditya Virwani, Managing Director, Embassy Developments, 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. Our GDV for FY26, including Rs 18.6k crore for residential and Rs 3.5k crore for commercial, underscores our blueprint to build a truly pan-India real estate powerhouse and capitalise on the sustained upcycle in India’s housing market. Backed by our extensive land bank, deep understanding of key markets, and a best-in-class leadership team dedicated to scaling operations and unlocking excellence, we look forward to creating exceptional value for our stakeholders. Beyond our existing pipeline, we are looking for and exploring new opportunities to carry forward the momentum." Result PDF
Realty company Equinox India Developments announced Q1FY25 results: Pre-sales of Rs 82 crore New Bookings of 68k sq. ft. Gross Collections of Rs 105 crore Construction Expenditure of Rs 63 crore in Q1, with a spend-to-collections ratio of 60% Projects Net Surplus of Rs 11,339 crore; Surplus for completed/near-completion projects of Rs 630 crore; Pending costs of Rs 526 crore fully covered by receivables New Project Launch of Upcoming launch of a new phase in One Indiabulls Thane project scheduled for October 2024 Land Monetization of ~6.5 acres in MMR valued at Rs 12.5 crore; Ready Reckoner value at Rs 8.3 crore Gross Debt of Rs 269 crore with an average ROI of 13.30%, and a debt-to-equity ratio of 0.07x; Total Equity stands at Rs 4,088 crore Cash & Cash Equivalents of Rs 365 crore; Net cash positive of Rs 96 crore after debt repayment Result PDF
Indiabulls Real Estate announced Q3FY23 results: Net debt : Nil (Cash Surplus of Rs 580 Cr) Increase from cash surplus of Rs 136 crore as at Q2FY23 Estimated Collection of Rs 504 crore from sold inventory (net of project costs) in next 12 months. Project Net Surplus : Rs 6,146 crore Net Surplus Rs 1,225 crore, from OC / near completed inventory Pending costs of Rs 322 crore on OC / near completed projects fully covered through sold receivables with ~2.5x cover. Pre-sales (Q3 FY2023): Rs 194 crore More than 98% inventory in key projects sold out (Blu, Sky Forest, Thane Phase1, Enigma & Centrum) Immediate upcoming launches (subsequent phases of Blu, Thane, Panvel Arivali)- Refer Slide 11. Result PDF
Realty firm Indiabulls Real Estate announced Q1FY23 Result : Net debt : Rs464 Cr Down from Rs1,005 Cr as at Q4 FY2022 Estimated Collection of Rs600 Cr from sold inventory (net of project costs) & Rs500 Cr from Land Sale in next 12 months 0.18x debt to equity Project Net Surplus : Rs8,566 Cr Net Surplus Rs1,749 Cr, from OC / near completed inventory Pending costs of Rs513 Cr on OC / near completed projects fully covered through sold receivables with ~2.5x cover Pre-sales (Q1 FY2023): Rs297 Cr More than 97% inventory in key projects sold out (Blu, Sky forest, Thane Phase1, Engima & Centrum) Immediate upcoming launches (subsequent phases of Blu, Thane, Panvel Arivali & Sector 104 Gurugram). Result PDF
Indiabulls Real Estate declares Q4FY22 result: Pre-sales of Rs 326 Cr, up 77% QoQ. FY2022, Pre-sales stood at Rs 1,383 Cr Gross Collections of Rs 333 Cr, up 14% QoQ. FY2022, Collections stood at Rs 1,281 Cr Construction spends of Rs 134 Cr / spends to collections of 40%. FY2022, spends at Rs 435 Cr with spends to collections of 34% New bookings of 0.5 msf, up 34% QoQ. FY2022, bookings stood at 1.7 msf Area delivered 0.4 msf across 2 projects. FY2022, deliveries stood at 1.0 msf across 3 projects Net Surplus from OC / near completed inventory at Rs 1,790 Cr, pending costs of Rs 470 Cr fully covered through receivables with ~2.5x cover Net debt stood at Rs 1,005 Cr at an avg. debt cost of 10.7% with 0.4x debt to equity Result PDF