Eldeco Housing & Industries Q4 FY26 Earnings Call: Management Guides FY27 EBITDA Margins of 30–35%, PAT ~25%, Construction Spend ~₹200 Crore
Record Booking Year Lifts Eldeco Housing to ₹744 Crore FY26 Milestone
Eldeco Housing & Industries posted full-year FY26 booking value of ₹744 crore, up 120% year-on-year, with area booked of 10.77 lakh square feet. Collections rose nearly 39% year-on-year to ₹352.1 crore for the fiscal year. The strong cash inflow bolsters the developer's execution capacity ahead of announced guidance for the next fiscal cycle.
FY27 Guidance: Margin Recovery and Acceleration in Construction Spend
Management guided for FY27 EBITDA margins of 30%-35% and construction spend of around ₹200 crore, marking a 15–20% increase in capital deployment compared to FY26. In remarks during the earnings call held on 26 May 2026, CMD Pankaj Bajaj emphasized focus on three priorities: scaling execution across ongoing projects, driving collections through construction milestones and handovers, and converting the expanded land pipeline into launches.
FY26 EBITDA stood at ₹41.5 crore and profit after tax was ₹24.3 crore. The company's forward guidance suggests confident revenue recognition, particularly from high-margin phases of flagship projects. Full-year net profit grew 13% year-on-year to ₹24.3 crore, supported by record sales bookings.
Solano Gardens Sets Template for Future Launches
Eldeco's Solano Gardens project saw 343 of 433 units sold, translating into bookings of over ₹384 crore. Management characterized the launch as a standout success that validates the developer's product positioning in its largest market. The Solano Gardens model builds on a template that began with Eldeco City, evolved through Eldeco Regalia and Imperia, and now anchors future township expansion.
Land Bank Expansion and Near-Term Launches
Eldeco expanded its growth pipeline by acquiring ₹2,000 crore in gross development value through three prime land parcels in Lucknow. Two parcels were secured via local authority auctions, reducing acquisition risk. The company's focus remains on scaling execution across ongoing projects, driving collections through timely milestones and handovers, and converting its expanded pipeline into launches.
Dividend Recommendation and Investor Return
The Board of Directors approved audited financial results on May 25, 2026, and recommended a final dividend of ₹9 per equity share, or 450% of the face value of ₹2 each, subject to shareholder approval. The payout ratio reflects management confidence in cash generation and sustainability of earnings.
About Eldeco Group
The Eldeco Group has been at the forefront of real estate development since 1985. The Group is synonymous with timely and quality delivery in 20 cities in North India and has already handed over 200 projects spanning large-format integrated townships, high-rise condominiums, industrial estates, malls and office buildings. The aggregate delivered area stands at more than 60 million sq.ft. with over 30,000 satisfied customers.
Eldeco operates footprint across NCR—Noida, Greater Noida, Gurgaon, Sonipat, and Panipat—and Uttar Pradesh cities including Lucknow, Kanpur, Agra, Bareilly, and Jhansi. EHIL has been, for over 3 decades, the market leader in Lucknow—UP's capital and fastest-growing city. EHIL is listed on the Bombay Stock Exchange and has an uninterrupted dividend paying record since inception.