Embassy Developments PAT doubles to ₹123 crore after Indiabulls Real Estate merger
The company’s revenue for the quarter stood at ₹1,183 crore, up from ₹402 crore in the same period last year.
Real estate major Embassy Developments Ltd reported a consolidated net profit of ₹123 crore for the fourth quarter of FY25, marking a two-fold year-on-year (y-o-y) improvement from the loss of ₹90 crore in Q4FY24. The company’s revenue for the quarter stood at ₹1,183 crore (₹402 crore).
The sharp turnaround from loss was attributed to the Bengaluru-based company’s merger with Indiabulls Real Estate (IBREL) in January this year. The merger had been on hold for 18 months after the Chandigarh bench of the National Company Law Tribunal (NCLT) withheld its approval following objections raised by the Income Tax department.
For the full financial year net profit surged to ₹203 crore, compared to a loss of ₹485 in the previous fiscal. Annual revenue stood at ₹2,547 crore.
Company’s performance
Commenting on the company’s performance, 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. Our GDV for FY26, including ₹18.6k cr for residential and ₹3.5k cr 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.”
Embassy Group reported pre-sales of ₹2,000 crore for FY2025, marking an 11 per cent y-o-y increase from ₹1,800 crore in the previous fiscal. Collections for the year stood at ₹1,900 crore. New bookings rose 14 per cent y-o-y , increasing from 2.0 million square feet (msf) in FY2024 to 2.2 msf in FY2025. The company’s combined Gross Development Value(GDV) stood at ₹48,000 crore.
(Inputs from BL intern Rohan Das)
Published on May 30, 2025
