Eldeco Housing & Industries Limited (EHIL) has reported a robust performance in Q2FY26, marked by significant growth in collections and area delivered, despite a slight dip in booking value. The company is also gearing up for a major township launch, signaling confidence in the real estate market's potential.

Key Financial Highlights

• Collections rose by 76% year-on-year to ₹91.30 crores in Q2FY26
• Area delivered increased by 95% to 1.19 lakh sq.ft.
• Construction spend grew by 11% to ₹37.30 crores
• Booking value declined by 14.4% to ₹88.10 crores

Operational Performance

EHIL demonstrated strong operational execution in Q2FY26:

The decline in booking value was attributed to the absence of major launches during the quarter. However, the company's H1FY26 bookings showed a 91% year-on-year growth, reaching ₹309.20 crores.

Financial Results

For Q2FY26, EHIL reported:

• Total income: ₹35.30 crores
• EBITDA: ₹5.50 crores
• PAT: ₹2.60 crores

Strategic Updates

EHIL is preparing to launch a significant new project:

• Eldeco Solano Gardens: A 54-acre township on New Jail Road, Lucknow
• Estimated Gross Development Value (GDV): Over ₹1,000 crores
• Expected to be a key growth driver in the coming years

The company has also strengthened its land bank, increasing aggregated land for new projects to 36.8 acres.

Management Commentary

Pankaj Bajaj, Chairman & Managing Director of EHIL, commented on the results: "While Q1 was driven by good bookings from new launches, Q2 has been characterized by healthy collections, improved deliveries, and steady construction progress, underscoring customer confidence and our ability to deliver."

He added, "With strong collections, accelerated construction, and the upcoming launch of Eldeco Solano Gardens, we are confident of delivering growth in H2FY26. Our focus remains strategic land buys, disciplined execution and delivering value to our customers in Lucknow's expanding real estate market."

Outlook

EHIL's performance in Q2FY26 reflects its strong operational capabilities and strategic focus. The significant increase in collections and area delivered indicates robust execution and customer trust. While the booking value saw a temporary dip due to the absence of new launches, the company's H1FY26 performance and the upcoming Eldeco Solano Gardens project suggest a positive outlook for the latter half of the fiscal year.

The real estate sector in Lucknow appears to be on a growth trajectory, and Eldeco Housing & Industries seems well-positioned to capitalize on this trend with its strategic land acquisitions and project pipeline. Investors and market watchers will likely keep a close eye on the launch and reception of Eldeco Solano Gardens, as it could significantly impact the company's future growth and market position.

Eldeco Housing & Industries , a prominent player in the real estate sector, has reported a remarkable surge in its operational performance for the second quarter. The company's booking value skyrocketed by 316% year-on-year, reaching ₹103 crore, marking a significant milestone in its growth trajectory.

Strong Operational Performance

The company witnessed substantial growth across key metrics:

• Booking Value: Increased by 316% year-on-year to ₹103 crore
• Area Booked: Grew by 193% to 1,56,335 square feet
• Average Realization: Achieved ₹6,500 per square foot
• Area Delivered: 61,000 square feet, up from 38,000 square feet in the same quarter of the previous year

The impressive growth in booking value and area booked was primarily driven by the company's luxury project, Eldeco Trinity, showcasing strong demand for high-end residential properties.

Financial Highlights

Eldeco Housing reported robust financial performance for the quarter:

Net Profit stood at ₹4.50 crore, compared to ₹6.40 crore in the previous year.

Strategic Land Acquisition and Future Projects

The company has made significant strides in expanding its land bank:

• Acquired an additional 3.84 acres of land
• Total land aggregation now stands at 63 acres for township projects
• Estimated revenue potential exceeding ₹600 crore from these land parcels

Management has outlined plans to apply for approvals on 45 acres and launch new projects early next year, indicating a robust pipeline for future growth.

Focus on Lucknow Market

Eldeco Housing continues to maintain a strong focus on the Lucknow real estate market:

• Current unsold inventory: 10 lakh square feet
• Projects under approval: 6.5 lakh square feet

This strategic concentration in Lucknow demonstrates the company's commitment to capitalizing on the city's growing real estate demand.

Outlook

With a substantial increase in booking value and area booked, coupled with strategic land acquisitions, Eldeco Housing & Industries appears well-positioned for continued growth. The company's focus on luxury projects like Eldeco Trinity and its strong presence in the Lucknow market are likely to be key drivers of its performance in the coming quarters.