Embassy Group Swings to ₹123 Cr Profit in Q4 FY25 Post IBREL Merger

Embassy Developments Ltd has posted a consolidated net profit of ₹123 crore for Q4 FY25, marking a notable turnaround from a ₹90 crore loss in the same quarter of the previous year. The shift into profitability has been largely attributed to its recent merger with Indiabulls Real Estate Ltd (IBREL) in January 2025, which had earlier been delayed due to legal hurdles.

Merger Reignites Growth

The Bengaluru-headquartered developer saw its Q4 revenue rise significantly to ₹1,183 crore, compared to ₹402 crore in Q4 FY24. The financial rebound follows the formal completion of the long-pending merger with IBREL, which had faced an 18-month delay owing to the Chandigarh bench of the National Company Law Tribunal (NCLT) withholding its nod over objections from the Income Tax department.

Annual Performance at a Glance

For the full financial year, Embassy Developments reported a net profit of ₹203 crore, a stark improvement from the ₹485 crore loss posted in the previous fiscal. Annual revenues more than doubled, reaching ₹2,547 crore. This marks a new phase of financial stability and growth post-merger.

Outlook and Strategic Direction

Managing Director Aditya Virwani reflected on the company's renewed momentum, stating that the strategies which had driven their commercial success were now being channelled into the residential segment as well. He revealed that the company’s Gross Development Value (GDV) projection for FY26 includes ₹18,600 crore from residential projects and ₹3,500 crore from commercial ventures, highlighting its ambition to evolve into a pan-India real estate powerhouse.

He further emphasized that the group’s land reserves, market insights, and strong leadership would continue to drive scale and excellence. In addition to its existing pipeline, the company is actively exploring new opportunities to sustain this growth trajectory.

Operational Highlights

• Pre-sales for FY25 stood at ₹2,000 crore, up 11% from ₹1,800 crore in FY24.
• Collections reached ₹1,900 crore for the year.
• New bookings increased by 14% y-o-y, rising from 2.0 million sq ft to 2.2 million sq ft.
• The company’s total Gross Development Value (GDV) was pegged at ₹48,000 crore.

Disclaimer: This news article is a journalistic interpretation of publicly available information and statements from company executives. It does not constitute financial advice. Readers are advised to consult certified professionals before making investment decisions.