Embassy Office Parks REIT (EMBASSY) — Financial Results | 11 September 2026

Investor Takeaways

• Reported Q1 FY27 profit of ₹195.22 Cr with OPM at 52.38% and EPS of ₹2.06
• Q4 FY26 showed loss of [amount context mismatch] Cr and negative EPS of ₹4.54
• ⚠️ No specific risks identified in this filing

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

What Changed

The filing indicates that the REIT's manager will present Q1 FY27 results at the Jefferies India Forum on September 18, 2026. The presentation materials will be made available on the REIT's website prior to the forum meeting. The quarterly trend shows revenue growth from ₹1,124.41 Cr in Q2 FY26 to ₹1,240.81 Cr in Q1 FY27, while profit fluctuated between ₹195.22 Cr (Q1 FY27) and a loss of ₹430.02 Cr (Q4 FY26). OPM improved to 52.38% in Q1 FY27 from 42.6% in Q4 FY26, though it remains slightly below the 52.46% recorded in Q3 FY26. EPS turned positive at ₹2.06 in Q1 FY27 after a loss of ₹4.54 in the previous quarter.

Peer Comparison

Embassy Office Parks REIT trades at a significantly higher P/E multiple compared to DLF, Lodha Developers, and Phoenix Mills, reflecting market expectations despite its lower ROE and ROCE relative to peers.

Risks & Concerns

• No specific risks identified in this filing

Quarterly Trend