Risk Intelligence
Potential overpricing in Lucknow market
View Risks →Eldeco Housing reported a steady Q3 FY26 with consolidated EBITDA of ₹19.8 crore (43.7% margin) and PAT of ₹13.7 crore (30.2% margin).
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Eldeco Housing reported a steady Q3 FY26 with consolidated EBITDA of ₹19.8 crore (43.7% margin) and PAT of ₹13.7 crore (30.2% margin). No new launches occurred in Q3, but the much-awaited Solano Gardens (GDV >₹1,000 crore) launched in January 2026, with strong initial response. 9-month bookings reached ₹361.2 crore, already surpassing FY25 full-year bookings, driven by sustained sales in ongoing projects and a robust Lucknow market. Collections grew 43% YoY to ₹255 crore in 9M. Management guided for FY26 to be the best-ever booking year, targeting a new normal of ~₹500 crore annual bookings. Risks include potential slowdown in Lucknow real estate if affordability is stretched, and delays in approvals for upcoming projects.
एल्डेको हाउसिंग ने वित्त वर्ष 2026 की तीसरी तिमाही में अच्छा प्रदर्शन किया। कंपनी ने 19.8 करोड़ रुपये का EBITDA (कमाई) कमाया, जो बिक्री का 43.7% है। शुद्ध लाभ (PAT) 13.7 करोड़ रुपये रहा, यानी बिक्री का 30.2%। तीसरी तिमाही में कोई नया प्रोजेक्ट लॉन्च नहीं हुआ, लेकिन जनवरी 2026 में सोलानो गार्डन (कीमत 1,000 करोड़ रुपये से अधिक) लॉन्च हुआ, जिसे अच्छा रिस्पॉन्स मिला। 9 महीने में बुकिंग 361.2 करोड़ रुपये रही, जो पिछले पूरे साल से ज्यादा है। लखनऊ बाजार मजबूत है। कंपनी को इस साल 500 करोड़ रुपये की बुकिंग की उम्मीद है। जोखिम: लखनऊ में कीमतें बढ़ने से मांग कम हो सकती है और नए प्रोजेक्ट्स में देरी हो सकती है।
Potential overpricing in Lucknow market
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Read Transcript →9-month bookings surpassed full-year FY25 bookings, driven by strong demand.
Healthy cash collections reflect sustained execution and customer payments.
Area booked grew 30% YoY, indicating strong volume growth.
Overall development potential of the newly launched project, to be phased over 5 years.
Management expects FY26 to surpass all previous years in sales bookings, driven by Solano Gardens launch.
Management cautioned that overpricing could hurt affordability; market is strong but must avoid going beyond common man's reach.
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