Eldeco Housing & Industries reported its strongest operating year in FY26, with consolidated booking value reaching an all-time high of ₹743.9 crore, up 120% year-on-year, while consolidated profit after tax rose to ₹24.3 crore.

The Lucknow-based real estate developer also recorded collections of ₹352.1 crore, a 39% year-on-year increase, and delivered 280 homes covering 2.78 lakh square feet during the year. The Board recommended a final dividend of ₹9 per equity share of face value ₹2 each, representing 450% of face value, for FY26, subject to shareholder approval at the 41st Annual General Meeting scheduled for September 23, 2026.

Consolidated Financial Performance

Total consolidated income for FY26 stood at ₹175.7 crore compared to ₹143.7 crore in FY25, reflecting year-on-year growth of 22.3%. EBITDA improved to ₹41.5 crore from ₹35.6 crore, while finance costs declined to ₹3.1 crore from ₹4.3 crore.

The company noted that FY26 profitability included a one-time provision relating to a GST input credit write-off and residual costs on earlier projects.

Operational Highlights

Area booked during FY26 stood at 10.77 lakh sq. ft., more than double the previous year's figure, while average realization improved to ₹6,909 per sq. ft. from ₹6,568 per sq. ft. in FY25. Construction expenditure rose 14% to ₹177.7 crore. The company received the Completion Certificate for Eldeco Imperia Phase 2 during the year.

The launch of Eldeco Solano Gardens was the defining operational event of the year. The project recorded bookings of approximately 5.11 lakh sq. ft. with a booking value of ₹384.5 crore, with 343 of 433 units sold within days of launch.

Pipeline and Land Acquisitions

During FY26, the company secured three strategic land parcels in Lucknow's key growth corridors, adding approximately ₹2,000 crore of Gross Development Value to its pipeline. Two of the three parcels were acquired through Lucknow Development Authority auctions, and the third is located along the Shaheed Path corridor.

As of March 31, 2026, the company had five ongoing projects with a combined value of area booked of ₹900.6 crore and pending collections of ₹604.0 crore.

Balance Sheet and Key Ratios

Total consolidated assets grew to ₹1,053.2 crore as of March 31, 2026, from ₹821.7 crore in FY25. Cash and cash equivalents stood at ₹253.3 crore. Total debt including current maturities was ₹153.7 crore, while networth increased to ₹399.6 crore.

Earnings per equity share on a consolidated basis stood at ₹24.7 for FY26, compared to ₹21.9 in FY25. The company maintained its dividend per share at ₹9.0, consistent with FY25.

AGM and Dividend Details

The 41st AGM is scheduled for Wednesday, September 23, 2026 at 3:30 P.M. through Video Conferencing. The record date for the final dividend is Wednesday, September 16, 2026. The Register of Members will remain closed from September 17, 2026 to September 23, 2026. The company has 98,33,000 equity shares of ₹2 each outstanding, with promoter holding at 54.83%.

Eldeco Housing and Industries Limited reported a significant surge in profitability for Q1FY27, with standalone net profit after tax (PAT) rising 330% year-on-year to ₹155.8 crore. The company's consolidated net profit for the quarter ended June 30, 2026, increased 383% to ₹151.1 crore from ₹31.3 crore in Q1FY26. This strong performance was driven by a 57% year-on-year growth in revenue from operations, which reached ₹448.2 crore on a standalone basis and ₹490.7 crore on a consolidated basis.

Management highlighted that collections outpaced bookings during the quarter, with total collections reaching ₹131.2 crore, marking a 68% year-on-year increase. Bookings stood at ₹105.7 crore with a total area booked of 1.26 lakh square feet. Construction spend increased 47.2% YoY to ₹57.8 crore, reflecting steady execution activity. The company delivered 52 homes with an aggregate area of 49,400 square feet during the period.

Financial highlights

The following table outlines the key financial metrics for Q1FY27 compared to the corresponding periods:

Consolidated EBITDA for the quarter stood at ₹174 million, compared to ₹32 million in the corresponding period of the previous year. This represents an expansion in the EBITDA margin to 35.5% from 11.2% year-on-year. Management noted that total income stood at ₹50.3 crore, reflecting a 63% YoY growth, while EBITDA came in at ₹18.7 crore, up 243% YoY with a healthy margin of 37.1%.

What the numbers show

The substantial increase in profit before tax to ₹182.5 crore from ₹47.9 crore in the prior year period highlights improved operational leverage. While revenue grew approximately 57%, PBT expanded nearly threefold, suggesting effective cost management or favorable project mix realization during the quarter. The expansion in EBITDA margin to 35.5% from 11.2% underscores a significant improvement in operating efficiency alongside top-line growth. Management attributed this margin bump to the dominant portion of revenues being derived from Imperia, a high-margin horizontal development, compared to the vertical development mix in Q1FY26 which had slightly lower margins.

Operational updates and pipeline

Eldeco successfully launched Eldeco Imperia Avenue, achieving sales of 44 units with a booking value of approximately ₹14.6 crore. The company also launched the third tower at Eldeco Trinity, named Faith. Approximately 85% of the current quarter's revenue is attributable to Imperia Phase 2, where the company delivered gross margins of approximately 60%.

Regarding future visibility, Eldeco executed a legally binding contract for more than 50 acres of contiguous land in a prime location in Lucknow. Additionally, land aggregation approximating 15 acres was completed. Management indicated that almost all of the forthcoming project pipeline, totaling 3.4 million square feet, is expected to be launched within FY27. Legacy inventory stands at around ₹75 crore, with management aiming to liquidate 40% to 60% of this inventory in the current financial year.

Corporate developments

The Board of Directors, in a meeting held on August 12, 2026, approved the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report from statutory auditors M/s Doogar & Associates. The board also approved the directors' report for FY26 and scheduled the company's 41st Annual General Meeting (AGM) for September 23, 2026. M/s Paliwal & Associates was appointed as the cost auditor for the financial year 2026-2027.

Earnings call details

The earnings conference call was held on Thursday, August 13, 2026, at 4:00 pm IST. Key executives participating included Manish Jaiswal, Chief Executive Officer; Vaibhav Singh, Group Chief Executive Officer; and Rajiv Khurana, Group Vice-President (Accounts & Taxation). Chairman and Managing Director Pankaj Bajaj was unable to attend due to a personal medical emergency.