Eldeco Housing & Industries Board Recommends Final Dividend of ₹9 Per Share (450%) for FY26 at May 25 Board Meeting

Eldeco Housing Board Recommends ₹9 Dividend for FY26

At its May 25, 2026 board meeting, Eldeco Housing & Industries approved audited financial results and recommended a final dividend of ₹9 per equity share, or 450% of the face value of ₹2 each, subject to shareholder approval.

Strong Financial Performance Underpins Dividend

The company reported a 13% year-on-year increase in consolidated net profit to ₹24.3 crore for the year ended March 31, 2026, supported by record sales bookings of ₹743.9 crore. This marked the company's highest-ever annual booking value, a surge of 120.4% compared to the previous year.

Collections grew 38.7% year-on-year to ₹352.1 crore. The company also maintained momentum in project delivery and execution during the year.

FY27 Growth Guidance

Management guided for FY27 EBITDA margins of 30%-35% and construction spend of around ₹200 crore. The main revenue recognition in FY27 is expected to occur from the Eldeco Imperia Phase 2 project, a high-margin venture.

The company expanded its growth pipeline by adding ₹2,000 crores of gross development value through three prime land parcels in Lucknow. The launch of the Solano Gardens project was successful, with 343 out of 433 units sold, translating into bookings of over ₹384 crores.

Uninterrupted Dividend Record

Eldeco Housing & Industries is listed on the Bombay Stock Exchange and has maintained an uninterrupted dividend-paying record since inception. The ₹9 per share dividend represents a significant increase from prior distributions, reflecting management's confidence in sustained cash generation and the company's strengthened balance sheet.

About Eldeco Housing & Industries

Eldeco Housing & Industries has been, for over three decades, the market leader in Lucknow, Uttar Pradesh's capital and fastest-growing city. The broader Eldeco Group has been at the forefront of real estate development since 1985 and is synonymous with timely and quality delivery across 20 cities in North India, having handed over 200 projects spanning large-format integrated townships, high-rise condominiums, industrial estates, malls and office buildings.

The aggregate delivered area exceeds 60 million square feet, serving over 30,000 satisfied customers. Besides, 30 projects are in various stages of active execution.