Eldeco Housing & Industries Reports 49.69% YoY Net Profit Growth in Q4 FY26 and Record ₹744 Crore Full-Year Bookings
Record Bookings and Strong Collections Drive FY26 Performance
Eldeco Housing and Industries Limited (EHIL), a leading Lucknow-based real estate player, announced fourth quarter and full year results for the fiscal year ended March 31, 2026. Net sales of ₹60.11 crores represent a robust 39.53% sequential increase and a commanding 63.70% year-on-year expansion, marking the company's strongest quarterly revenue performance in recent history.
For the full financial year, the company achieved record bookings with a booking value of Rs. 744 crores, up 120% year on year. Collections for FY26 stood at INR 352.1 crores, up nearly 39% year-on-year, reflecting steady improvement.
Quarterly Results: Profit Growth Amid Margin Pressures
Eldeco Housing & Industries Ltd. reported fourth quarter net profit of ₹4.85 crores, up 49.69% year-on-year. PAT margin fell from 31.73% in Q3 to 8.07% in Q4, raising questions about the sustainability of the company's growth trajectory and the quality of its earnings.
The operating profit margin (excluding other income) collapsed from 40.97% in Q3 FY26 to just 10.95% in Q4 FY26, signalling significant cost pressures or project mix issues. The company faced a one-time expense of around Rs. 14 crores in Q4 FY26, impacting EBITDA and profit after tax.
Full-Year Revenue and Profitability
FY26 total income stood at INR 175.7 crores, with EBITDA of INR 41.5 crores and profit after tax of INR 24.3 crores. Full year 2026 revenues reached ₹1.76 billion (up 31% from FY 2025) with net income of ₹242.8 million (up 13% from FY 2025), though profit margin declined to 14% from 16% in FY 2025.
Solano Gardens Flagship Launch Drives Momentum
The launch of the Solano Gardens project was highly successful, with 343 out of 433 units sold, translating into bookings of over Rs. 384 crores. This project underscores management's confidence in product-market fit within Lucknow's residential market.
The company expanded its growth pipeline by adding Rs 2000 crores of gross development value through three prime land parcels in Lucknow. Going forward, management's focus remains on scaling execution across ongoing projects, driving collections through timely milestones and handovers, and converting the expanded pipeline into launches.
Market Position and Strategic Outlook
The micro-cap realty company, with a market capitalisation of ₹791.56 crores, witnessed its stock trading at ₹805.00 following the results announcement. The company has an uninterrupted dividend paying track record since inception.
Founded in 1985 and based in Lucknow, Uttar Pradesh, India, Eldeco Housing operates within the broader Eldeco Group footprint. The Eldeco Group is one of North India's most established and recognized real estate developers, founded in 1975 by Mr. S. K. Garg, evolving from a regional player in Agra into a multi-city powerhouse with significant presence in the Delhi-NCR region and beyond.
Eldeco Housing and Industries Ltd. (EHIL) focuses on projects in Uttar Pradesh, particularly in Lucknow and Kanpur, where it has maintained market leadership for decades. The group also operates in other regions including Ludhiana, Jalandhar, Neemrana, and hill destinations like Kasauli under their luxury brand Terra Grande.
Eldeco is one of the few developers in North India with a strong reputation for completing projects on time. The group has delivered over 200 projects spanning more than 60 million sq. ft. of space.