Embassy Developments
96.89
-0.51(-0.52%)
Market Cap₹12,794.92 Cr
PE Ratio73.19
IndustryRealty
Company Performance:
1D-0.52%
1M-5.82%
6M-17.79%
1Y-27.04%
5Y-34.96%
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More news about Embassy Developments
27Jun 25
Embassy Office Parks REIT's Subsidiary Acquires Squadron Developers for ₹456.61 Crore
Embassy Developments, a subsidiary of Embassy Office Parks REIT, has completed a 100% acquisition of Squadron Developers for ₹456.61 crore. This significant corporate action represents a full takeover and potentially expands Embassy Office Parks REIT's portfolio and market presence. While specific details about Squadron Developers and the strategic rationale are not provided, the substantial investment suggests it's part of a broader growth strategy.
23Jun 25
Embassy Developments Ltd Signs ₹1,600 Crore Joint Development Deal in Bengaluru
Embassy Developments, a subsidiary of Embassy Office Parks REIT, has entered into a Joint Development Agreement for a large-scale residential project in Whitefield, Bengaluru. The project spans 17.9 acres with a gross development value of ₹1,600.00 Crores. It will feature 1,000 apartments across 1.6 million square feet, with a target launch in FY27. This move signifies a strategic expansion in one of India's prime real estate markets, catering to the growing housing demands of Bengaluru's professional workforce.
30May 25
Embassy Developments Swings to Profit: Q4 Net at Rs 1.2 Billion
Embassy Developments has achieved a significant financial turnaround in Q4, posting a consolidated net profit of Rs 1.20 billion, compared to a loss of Rs 990.00 million in the same quarter last year. The company's revenue surged to Rs 8.90 billion, more than doubling from Rs 3.80 billion year-over-year. This profit follows a loss of Rs 212.00 million in the previous quarter, indicating strong sequential improvement. The company's revenue growth and shift to profitability suggest effective cost management and potentially improved market conditions.
29May 25
Embassy Developments Reports Improved Q4 Results with Surge in Revenue and Return to Profit
Embassy Developments announced Q4 results with revenue doubling to ₹8.90 billion from ₹3.80 billion year-over-year. The company turned profitable with a net profit of ₹1.20 billion, compared to a loss of ₹990.00 million in the same quarter last year. EBITDA slightly increased to ₹83.00 million, but the EBITDA margin declined to 0.93% from 2.13%. Despite the margin decrease, the overall financial performance shows significant improvement and growth in operations.
21Mar 25
Embassy Developments Inks ₹1,125 Crore Land Deal with Lam Research in Bengaluru
Embassy Developments Limited (EDL) has signed a ₹1,125 crore agreement with Lam Research for 25 acres of land in Whitefield, Bengaluru. The deal involves sub-leasing and subsequent divestment of land in the Kadugodi Industrial Area. EDL's subsidiary, Embassy East Business Park Pvt Ltd, will execute the transaction, subject to regulatory approvals. The deal highlights Bengaluru's growing status as a global tech hub and EDL's strategic asset monetization capabilities. Proceeds will be reinvested into high-growth opportunities to strengthen EDL's development pipeline.
20Mar 25
Embassy Developments Inks ₹1,125 Crore Land Deal with Lam Research in Bengaluru
Embassy Developments Limited (EDL) has announced a ₹1,125 crore land deal with Lam Research, a global semiconductor equipment manufacturer. The agreement involves approximately 25 acres of land in Whitefield, Bengaluru. EDL's subsidiary, Embassy East Business Park Pvt Ltd (EEBPPL), will sub-lease and eventually sell the land to Lam Research (India) Private Limited. The property is located in the Kadugodi Industrial Area. EDL has issued a corporate guarantee on behalf of EEBPPL for the transaction. The deal highlights Bengaluru's growing importance as a technology hub and the increasing demand for commercial infrastructure in India's semiconductor sector.
04Mar 25
Embassy Developments Limited Unveils New Leadership and Ambitious Growth Strategy
Embassy Developments Limited (EDL) has unveiled major changes in its leadership structure and growth strategy. Jitendra Virwani is appointed as Chairman and Aditya Virwani as Managing Director. The company plans to acquire assets worth ₹559 crores from its Promoter Group, including a luxury residential development and a land parcel in North Bengaluru. EDL has announced a ₹2,000 crore Qualified Institutional Placement (QIP) and a ₹4.5 crore Employee Stock Option Plan. The company aims to launch eight new projects by FY 2026, spanning 7.7 million square feet with a gross development value of ₹15,000 crores. An Extraordinary General Meeting is scheduled for March 25, 2025, to seek shareholder approval for these initiatives.
04Mar 25
Embassy Developments Limited Unveils Ambitious ₹15,000 Crore Expansion Plan for FY 2026
Embassy Developments Limited (EDL) announces plans to launch eight new projects worth ₹15,000 crore in FY 2026. The company has appointed new leadership, with Jitendra Virwani as Chairman and Aditya Virwani as Managing Director. EDL has approved asset acquisitions worth ₹559 crore, including a luxury residential development and a land parcel in North Bengaluru. The company has also approved a ₹2,000 crore QIP and launched a ₹4.5 crore ESOP. EDL aims to expand its portfolio across various residential segments in key Indian markets.
Embassy Developments
96.89
-0.51
(-0.52%)
1 Year Returns:-27.04%
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