Indiabullsrealestate
Infrastructure · 1 quarter tracked · source-linked performance and management context.
Latest revenue
Pending
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Quarters tracked
1
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Delivery assessment
Unscored
No scored management commitments are present yet.
Call date
2026-01-28
latest available source date
Signal trajectory
0 actual quartersCurrent read
Unscored
No scored management commitments are present yet.
Latest source read
What changed this quarter?
Embassy Developments (EDL) reported strong operational momentum in Q3 FY26, with pre-sales of ₹1,392 crore (up 240% QoQ) and collections of ₹415 crore (up 15% QoQ), driven by successful launches in Bengaluru. The company is on track to achieve its FY26 pre-sales guidance of ₹5,000 crore, supported by a robust launch pipeline including the marquee Embassy Citadel in Worli. Management highlighted a project surplus of ₹28,000 crore (47% cash margin) across launched and planned projects, providing strong cash flow visibility. However, the P&L remains under pressure due to legacy IndiaBulls projects, with EBITDA negative at ₹107 crore for 9M FY26; management expects profitability to improve over 4-6 quarters as the project mix shifts. Key risks include the ongoing Canara Bank insolvency case (stay obtained, next hearing Feb 19) and potential delays in Mumbai launches.
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Signal
Positive
Revenue
Pending
Source date
2026-01-28
Across the record
Quarter history.
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