EMBASSY Embassy Off.REIT Q2 FY26 results (Jul–Sep 2025) and concall
Embassy REIT reported a stellar Q2 FY26, marked by significant occupancy growth to 90% by area and 93% by value, and record quarterly distributions of ₹617 crores. The company achieved double-digit growth in both revenue (13% YoY) and NOI (15% YoY), driven by robust leasing of 1.5 msf. Strategic debt refinancing reduced the in-place cost of debt by 55 bps, and the development pipeline stands at 7.2 msf, with new deliveries 100% pre-leased. Management is actively evaluating new acquisition opportunities and remains confident in surpassing its occupancy guidance.
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What they filed
Q2 FY26: revenue up 12.7%, net profit down 84.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 997 | 1,022 | 1,086 | 1,060 | 1,124 +13% |
| EBITDA | 628 | 763 | 310 | 821 | 868 +38% |
| Net profit | 1,530 | 158 | -243 | 155 | 232 −85% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
