Eldeco Housing & Industries , a prominent real estate developer, has reported a remarkable surge in its operational performance for the first quarter. The company's booking value skyrocketed to ₹221.00 crore, marking an impressive 274% year-on-year growth. This substantial increase in bookings underscores the strong market response to Eldeco's recent project launches and its continued execution strength across ongoing developments.

Key Highlights

• Booking Value: Reached ₹221.00 crore, up 274% year-on-year
• Collections: Improved to ₹78.00 crore, representing a 41% YoY increase
• Deliveries: Handed over 101 homes, totaling 85,000 sq ft
• Construction Expenditure: Rose to ₹39.30 crore, up 10% YoY

Project Milestones and Launches

Eldeco Housing achieved significant milestones with the successful launches of two key projects:

1. Eldeco Hanging Gardens: Launched after securing RERA registration. The project saw an overwhelming response, with nearly 84% of the inventory sold within a week of launch.

2. Eldeco Skywalk: Launched following RERA registration. The project continues to experience strong sales momentum.

Upcoming Flagship Project

The company is gearing up to launch its ambitious flagship integrated township, Eldeco Solano Garden, on New Jail Road. This expansive 50-acre project will offer a mix of plots, villas, and multi-storied apartments. With a gross development value exceeding ₹1,000.00 crore, Eldeco Solano Garden is poised to become the company's cornerstone project for the coming years.

Financial Performance and Outlook

Despite the strong operational performance, Eldeco Housing reported a decline in EBITDA margin to 17.6% for the quarter. The company attributed this to revenue recognition from low-margin affordable housing units and upfront marketing costs associated with new launches. However, management expects EBITDA margins to revert to the 30-40% range in the coming quarters.

Pankaj Bajaj, Chairman and Managing Director of Eldeco Housing, commented on the results: "We have commenced with strong sales performance, underscoring positive market response to our new launches and continued execution strength across projects. With the successful launches of Eldeco Hanging Gardens and Skywalk, and the upcoming launch of Eldeco Solano Garden, we are well-positioned for accelerated growth and improved financial performance."

Future Prospects

Eldeco Housing remains optimistic about its future, backed by a strong launch pipeline, robust customer demand, and healthy execution progress. The company anticipates accelerated growth as recent bookings translate into completions.

Key points for the future include:

• Expected increase in construction spend from ₹30.00 crore to ₹50.00-60.00 crore per quarter by year-end
• Launch of the first phase of Eldeco Solano Garden, expected to generate ₹300.00-400.00 crore in gross development value
• Continued focus on the Lucknow market, with potential expansion into other cities like Gorakhpur

As Eldeco Housing & Industries continues to capitalize on the growing demand in the real estate sector, investors and stakeholders will be keenly watching the company's ability to maintain its sales momentum and improve profitability in the coming quarters.

Eldeco Housing & Industries , a prominent real estate developer in North India, has announced ambitious plans to leverage the surging housing demand through a substantial ₹7,743 crore saleable area pipeline. The company's strategy focuses on quick execution and a quality project mix, with a particular emphasis on Tier-2 and Tier-3 markets.

Strategic Focus on Emerging Markets

Eldeco aims to utilize its cash-flow efficiency and brand strength to boost revenue and maintain margins through the fiscal years 2026 to 2028. This approach aligns with the growing trend of real estate development in smaller cities, which are experiencing increased demand for quality housing.

Q1 FY26 Financial Highlights

The company's recent financial results for the first quarter of fiscal year 2026 (Q1 FY26) demonstrate strong operational performance:

• Booking Value: ₹221.10 crore, marking a significant 274% year-on-year increase
• Collections: ₹78.00 crore, up 41% year-on-year
• Area Booked: 3.36 lakh sq. ft., a 261% year-on-year growth
• Construction Spend: ₹39.30 crore, reflecting a 10% year-on-year increase

Financial Performance

Despite the strong operational metrics, the company's financial results show a year-on-year decline in total income and profitability for Q1 FY26. This could be attributed to the timing of revenue recognition in real estate projects and the ongoing execution of the company's growth strategy.

Project Milestones and Launches

Eldeco achieved significant project milestones in Q1 FY26:

• Eldeco Hanging Gardens: Secured RERA registration and launched in April 2025, with approximately 84% of inventory sold within a week.
• Eldeco Skywalk: Obtained RERA registration and launched in April 2025, receiving a strong market response.

Future Outlook

Looking ahead, Eldeco plans to launch its flagship integrated township, Eldeco Solano Gardens, on New Jail Road, Lucknow during FY26. Spread over 50 acres, this project will offer plots, villas, and multi-storey apartments with a Gross Development Value exceeding ₹1,000 crore.

Mr. Pankaj Bajaj, Chairman & Managing Director of Eldeco Housing and Industries Limited, expressed optimism about FY26, stating, "We remain optimistic about FY26, backed by a strong launch pipeline, robust customer demand, and healthy execution progress. With the successful launches of Eldeco Hanging Gardens, Eldeco Skywalk, and the upcoming launch of Eldeco Solano Gardens, we are well-positioned for accelerated growth and improved financial performance in the coming quarters."

As Eldeco continues to expand its presence in the real estate market, particularly in Tier-2 and Tier-3 cities, the company appears poised to capitalize on the growing housing demand in these regions. The substantial project pipeline and strategic focus on emerging markets could potentially drive long-term growth for the company, despite the short-term fluctuations in financial performance.