NEW DELHI: Embassy Developments has announced a net consolidated loss after tax of ₹872.47 crore for the financial year 2025-26. In contrast, it reported a profit after tax of ₹193.63 crore in FY25, according to a BSE filing.
The company’s total consolidated income for FY26 was ₹1,905.12 crore, reflecting a decline of 25.20% from ₹2,546.97 crore in FY25.
In Q4 FY26, the net consolidated total income fell by 65.57%, amounting to ₹407.20 crore, compared to ₹1,182.61 crore in the same quarter the previous year. The loss after tax for Q4 FY26 was ₹323.43 crore, in contrast to a profit after tax of ₹122.98 crore reported in the corresponding quarter of the previous fiscal year.
The board of directors has approved the appointment of Chirag Boonlia as the chief technology officer, effective May 20, 2026.
In May 2026, the company announced that the Karnataka High Court has overturned a previous order from the Karnataka Industrial Areas Development Board (KIADB) regarding the resumption of approximately 78 acres of land in the Kadugodi Industrial Area, Bengaluru, which is held by Embassy East Business Park (EEBPL), a wholly-owned subsidiary.
This ruling nullifies the KIADB’s resumption proceedings, allowing EEBPL to retain possession of the land and continue the development of its business park.
