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Revenue
₹60 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹41.5 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Eldeco Housing reported a milestone FY26 with record bookings of ₹744 crores (up 120% YoY) and collections of ₹352.1 crores (up 39% YoY). Q4 bookings were ₹382.7 crores, driven by the successful launch of Solano Gardens (343 units sold out of 433 launched). Total income for FY26 was ₹175.7 crores, EBITDA ₹41.5 crores, and PAT ₹24.3 crores, though margins were impacted by one-time expenses of ~₹14 crores (GST input write-off and prior period costs). The company added ~₹2,000 crores of GDV through three land parcels in Lucknow, expanding the total pipeline to ~₹4,000 crores. Management guided for EBITDA margins of 30-35% and PAT margins of ~25% in FY27, driven by high-margin Imperia 2 revenue recognition. Key risk: construction cost inflation could pressure margins if not fully transmitted.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects EBITDA margins in the range of 30-35% for FY27, driven by high-margin Imperia 2 revenue recognition.
- PAT margin expected to be around 25% in FY27, supported by the Imperia 2 project.
- Construction expenditure expected to increase by 15-20% to approximately ₹200 crores in FY27, up from ₹177.7 crores in FY26.
- The three new land parcels (GDV ~₹2,000 crores) are expected to be launched towards the end of FY27, pending design and approvals.
Risks flagged
- Q4 FY26 margins were hit by ~₹14 crores of one-time expenses (GST input write-off and prior period costs), which may recur if similar items arise.
- Management noted that transmission of higher construction costs is not yet fully realized, which could pressure margins if costs rise further.
- Despite project completion, revenue recognition depends on customer possession timing; Imperia 2 may see slower recognition than expected.
- Analyst raised concern about buyer sentiment due to geopolitical uncertainties and higher borrowing costs; management acknowledged potential impact on stock-market-linked buyers.
Key quotes
- FY26 has been a milestone year for EHI with record bookings and collections, a standout launch and most importantly a meaningful expansion of our growth pipeline that significantly enhances our medium-term visibility.
- The demand is many times what the supply is. So not only are we doing business and running this commercially, there's also a social need for the kind of housing shortage there is.
- We have completed and offered possession before time which is a marvelous achievement for the LKO team.
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