Eldeco Imperia Phase 2 Receives Completion Certificate in Q4 FY26
Eldeco Imperia Phase 2 Achieves Construction Milestone
Eldeco Housing & Industries received the Completion Certificate for Eldeco Imperia Phase 2 in Q4FY26, marking a key operational milestone disclosed during the company's earnings call on May 26, 2026.
Revenue Recognition Expected in FY27
The main revenue recognition in FY27 will be from the high-margin Imperia Two project, according to Chairman and Managing Director Pankaj Bajaj. This project is anticipated to be a significant contributor to the company's financial performance in the coming fiscal year, with management indicating expected EBITDA margins of 30 to 35 percent.
Full Year FY26 Performance
The company achieved its highest-ever annual booking value of ₹743.9 crore, a surge of 120.4% compared to the previous year. Consolidated total income for FY26 rose 22.3% to ₹175.7 crore from ₹143.7 crore in the previous year, while Profit before tax (PBT) increased 22.9% to ₹37.5 crore.
In Q4 FY26, collections were INR 96.5 crores and for FY26, the collections were INR 352.1 crores, up nearly 39% year-on-year.
Solano Gardens Launch Drives Momentum
The completion of Imperia Phase 2's construction coincided with strong execution on other fronts. The successful launch of Eldeco Solano Gardens contributed significantly to the quarterly performance, with a booking value of ₹384.5 crore from 5.11 lakh sq. ft. sold. 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.
Expanded Land Pipeline in Lucknow
The company expanded its growth pipeline by adding Rs 2000 crores of gross development value through three prime land parcels in Lucknow. Management indicated that the new land parcels in Lucknow offer a total saleable area of 2 million sq. ft. and a GDV of ₹2,000 crore, with launches expected towards the end of FY27.
Construction Investment to Accelerate
Construction spend for FY27 is estimated to be 15% to 20% higher than FY26, reaching around ₹200 crore. This increased spending reflects management's confidence in execution capability as multiple projects progress simultaneously.
About Eldeco Group
The Eldeco Group has been a leader in real estate development since 1985. The company is renowned for its timely and quality delivery, and has completed 200 projects across 20 cities in North India. The group is synonymous with timely and quality delivery in a number of cities like Lucknow, Kanpur, Agra, Noida, Greater Noida and other parts of NCR of Delhi.