Eldeco Housing and Industries Limited reported a significant surge in profitability for the first quarter of fiscal year 2027 (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.

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, to be conducted via video conferencing or other audio-visual means.

Financial Highlights

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

What the Numbers Show

The substantial increase in profit before tax (PBT) to ₹182.5 crore from ₹47.9 crore in the prior year period highlights improved operational leverage. While revenue grew by approximately 57%, PBT expanded nearly threefold, suggesting effective cost management or favorable project mix realization during the quarter. The tax expense stood at ₹266.2 crore on a standalone basis, comprising current tax of ₹272.6 crore and deferred tax benefit of ₹6.4 crore.

Corporate Developments

In addition to the quarterly results, the board appointed M/s Paliwal & Associates as the cost auditor for the financial year 2026-2027. The firm, established in Lucknow with 18 years of experience, is not related to any of the company’s directors. The consolidated financial results include 42 wholly owned subsidiaries, reflecting the group’s extensive project-specific corporate structure typical of real estate developers.

Earnings Call Details

Management will host an audio earnings conference call on Thursday, August 13, 2026, at 4:00 pm IST to discuss the results. Key executives participating include Pankaj Bajaj, Chairman and Managing Director; Vaibhav Singh, Group CEO; and Rajiv Khurana, Group Vice-President (Accounts & Taxation). Investors can join using the primary number +91 22 6280 1107 or international toll-free numbers provided on the company’s website.

About Eldeco Housing and Industries Limited

Based in Lucknow, Uttar Pradesh, Eldeco Housing and Industries Limited is engaged in the promotion, construction, development, and sale of townships, residential, and commercial properties. Key current projects include Eldeco City, a 133-acre integrated township at I.I.M Road, Lucknow, and Eldeco Shaurya, a 43-acre residential township. The company has maintained an uninterrupted dividend-paying track record since its inception in 1985.

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.