Eldeco Housing FY26 profit rises 13% on record sales
Eldeco Housing & Industries reported a 13% YoY increase in FY26 net profit to ₹24.3 crore, supported by record sales bookings of ₹743.9 crore and robust operational performance. The Board recommended a final dividend of ₹9 per share. Management guided for FY27 EBITDA margins of 30%-35% and construction spend of around ₹200 crore.

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Eldeco Housing & Industries reported a 13% year-on-year increase in consolidated net profit to ₹24.3 crore for the financial year ended March 31, 2026, driven by record sales bookings and robust operational performance. The company achieved its highest-ever annual booking value of ₹743.9 crore, a surge of 120.4% compared to the previous year. The Board of Directors, meeting on May 25, 2026, approved the audited financial results and recommended a final dividend of ₹9 per equity share, or 450% of the face value of ₹2 each, subject to shareholder approval.
Operational Performance
FY26 marked a milestone year for the company with record-breaking sales and collections. Area booked surged 109.5% year-on-year to 10.76 lakh sq. ft., while collections grew 38.7% to ₹352.1 crore. Construction spend increased 13.9% to ₹177.7 crore, reflecting steadily scaling execution intensity. The company delivered 2.78 lakh sq. ft. during the year, securing three prime land parcels in Lucknow with a cumulative Gross Development Value (GDV) of nearly ₹2,000 crore to strengthen its growth pipeline.
| Metric | FY26 | FY25 | YoY Growth |
|---|---|---|---|
| Booking Value (₹ Cr) | 743.9 | 337.5 | 120.4% |
| Area Booked (Lakh sq. ft.) | 10.76 | 5.13 | 109.5% |
| Collections (₹ Cr) | 352.1 | 253.9 | 38.7% |
| Construction Spend (₹ Cr) | 177.7 | 156.0 | 13.9% |
Financial Highlights
Consolidated total income for FY26 rose 22.3% to ₹175.7 crore from ₹143.7 crore in the previous year. Profit before tax (PBT) increased 22.9% to ₹37.5 crore. EBITDA for the year stood at ₹41.5 crore, up 16.5% year-on-year, though margins contracted to 23.6% from 24.8% in FY25. For the fourth quarter, net profit jumped 49.8% to ₹4.8 crore, supported by a 70.9% rise in total income to ₹64.3 crore.
| Metric | FY26 (₹ Cr) | FY25 (₹ Cr) | Q4 FY26 (₹ Cr) | Q4 FY25 (₹ Cr) |
|---|---|---|---|---|
| Total Income | 175.7 | 143.7 | 64.3 | 37.6 |
| EBITDA | 41.5 | 35.6 | 10.8 | 6.6 |
| Net Profit | 24.3 | 21.5 | 4.8 | 3.2 |
Strategic Developments
The successful launch of Eldeco Solano Gardens contributed significantly to the quarterly performance, with a booking value of ₹384.5 crore from 5.11 lakh sq. ft. sold. The company received the Completion Certificate for Eldeco Imperia Phase 2 in Q4FY26. Management indicated that the new land parcels in Lucknow offer a total saleable area of 2 million sq. ft. and a GDV of ₹2,000 crore, with launches expected towards the end of FY27.
Management Guidance
Addressing investors in an earnings call, Chairman and Managing Director Mr. Pankaj Bajaj provided guidance for the coming year. He stated that the main revenue recognition in FY27 would occur from the Eldeco Imperia Phase 2 project, a high-margin venture. Consequently, the company expects EBITDA margins to be in the range of 30% to 35%, with Profit After Tax projected at approximately 25% for the year. Construction spend for FY27 is estimated to be 15% to 20% higher than FY26, reaching around ₹200 crore.
Historical Stock Returns for Eldeco Housing & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.91% | -3.56% | -3.83% | -18.98% | -0.24% | +3.90% |
What are the specific risks associated with the 15-20% increase in construction spend, and could this impact the projected 30-35% EBITDA margins?
How does the company plan to fund the estimated ₹200 crore construction spend for FY27, given the current cash flow and dividend payout?
What is the expected timeline for the launch of the new Lucknow land parcels, and how will they contribute to revenue recognition in FY28?


































