• The document is a transcript of the Q4 & FY26 Earnings Conference Call held on Tuesday, May 26, 2026 at 4:00 p.m. IST.
  • The call was moderated by Mr. Abhishek Bhatt from E&Y, with management participation from Mr. Pankaj Bajaj (Chairman and Managing Director), Mr. Manish Jaiswal (Group Chief Operating Officer), and Mr. Rajiv Khurana (Group Vice President, Accounts and Taxation).
  • The purpose was to discuss quarterly results and provide a business update, following the company's intimation dated May 19, 2026.
  • The discussion covered FY26 financial and operational performance, project updates, and future outlook.

Financial and Operational Highlights

FY26 Performance:

  • Booking value: INR 744 crores (up 120% YoY)
  • Area booked: 10.77 lakhs square feet (up over 100% YoY)
  • Collections: INR 352.1 crores (up nearly 39% YoY)
  • Construction spend: INR 177.7 crores (up 14% YoY)
  • Homes delivered: 280 units
  • Delivered area: 2.78 lakhs square feet
  • Total income: INR 175.7 crores
  • EBITDA: INR 41.5 crores
  • Profit after tax: INR 24.3 crores

Q4 FY26 Performance:

  • Booking value: INR 382.7 crores
  • Area booked: 5.13 lakhs square feet
  • Collections: INR 96.5 crores

Project Highlights:

  • Eldeco Solano Gardens launch: 343 units sold out of 433 units launched, generating INR 384 crores in bookings
  • Margin profile: Plotted developments 50-60%, Solano Gardens weighted average 35-40%
  • Added nearly INR 2,000 crores GDV through 3 prime land parcels in Lucknow
  • Total pipeline GDV: Approximately INR 4,000 crores

Future Guidance:

  • FY27 EBITDA margin guidance: 30-35%
  • FY27 PAT margin guidance: ~25%
  • Imperia 2 revenue recognition: INR 130-150 crores expected in FY27
  • Latitude 27 handovers expected to begin in FY27 (official commitment November 2027)

Market Commentary:

  • Strong end-user demand in Lucknow with supply constraints
  • Approximately 30-40% of collections through home loans
  • UP government's urban development policy viewed as positive for easing approvals
  • Average realization expected to increase due to more city-centric projects

Additional Notes Section

  • The transcript was submitted to BSE and NSE on May 29, 2026, and is available on the company's website at www.eldecogroup.com
  • The document contains forward-looking statements with inherent risks and uncertainties
  • The transcript includes detailed Q&A session with analysts and investors covering project specifics, accounting treatment, and market outlook