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.

Eldeco Housing & Industries has confirmed that its promoters and members of the promoter group have not encumbered any shares held in the company during the financial year ended March 31, 2026. This disclosure ensures that the shareholding structure remains free of pledges or charges, providing stability to the company's equity base. The confirmations were filed in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pankaj Bajaj, Chairman cum Managing Director, declared that neither he nor persons acting in concert have created any direct or indirect encumbrance over the shares held by them. Similarly, Eldeco Infrastructure and Properties Limited, a promoter entity, confirmed the absence of encumbrances on its shareholding for the specified period. Bandana Kohli, a member of the promoter group, also submitted a declaration confirming that her shareholdings remain unencumbered.

The following table summarizes the disclosures received from the promoters and promoter group members:

The company submitted these annual disclosures to the stock exchanges on April 09, 2026. The filings were addressed to BSE Limited and The National Stock Exchange of India Ltd for necessary records and perusal. The Audit Committee of Eldeco Housing & Industries has been marked a copy of these confirmations.