Tag: Jitendra Virwani

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Embassy Developments reports ₹872.47 crore net loss in FY26

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…

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Embassy Group pays off ₹1,748 crore debt

NEW DELHI: Embassy Group has successfully repaid ₹1,748 crore in non-convertible debentures (NCDs), using funds from the WeWork India IPO offer for sale to lower its group-level debt. Jitendra Virwani, the company’s chairman, stated, “This debt repayment not only strengthens our financial stability but also highlights our ongoing commitment to a solid and sustainable financial framework.” This move has also reduced the group’s stake in WeWork India to 15%. Over the years, it has fully settled its ₹1,600 crore debt with Samaan Capital. Published On Oct 15, 2025 at 03:33 PM IST Join a community of over 2M industry professionals.…