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ELDEHSG - Eldeco Housing

📊 NSE: ELDEHSG 🏢 Construction 📅 Last Updated: 12/13/2025 21:46

📢 Recent Corporate Announcements

Eldeco Housing 9M FY26 Sales Surpass FY25 Total; Launches INR 1,000 Cr Solano Gardens Project

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 05:59 PM

Eldeco Housing reported a strong 9M FY26 performance, with booking values reaching INR 361.2 crores, already exceeding the total for FY25. The company maintained healthy margins with a Q3 PAT of INR 13.7 crores and an EBITDA margin of 43.7%. A significant highlight is the launch of Solano Gardens in Q4 FY26, which has a GDV potential of over INR 1,000 crores. Additionally, the company recovered its INR 55 crore investment from the Bareilly project and maintains a negative net debt position with INR 178 crores in cash.

9M FY26 booking value rose 29.1% YoY to INR 361.2 crores, surpassing full-year FY25 figures.
Collections for 9M FY26 grew 43% YoY to INR 255 crores, driven by consistent execution.
Launched Solano Gardens in Q4 FY26 with a total GDV potential exceeding INR 1,000 crores.
Maintained a strong balance sheet with a negative net debt position and cash reserves of INR 178 crores.
Q3 FY26 EBITDA margin stood at a robust 43.7% with a PAT of INR 13.7 crores.

💡 Investors should monitor the sales velocity of the newly launched Solano Gardens project as it is expected to drive record bookings in FY26. The company's debt-free status and strong cash position provide a solid cushion for future land acquisitions in the Lucknow market.

Eldeco Housing Secures Rs 110 Crore Term Loan from Piramal Finance for Lucknow Expansion

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 11 Feb 2026, 07:47 PM

Eldeco Housing and Industries Limited has executed a loan agreement with Piramal Finance Limited for a term loan facility of Rs 110 crore. The capital is specifically earmarked for land acquisition in Lucknow and to cover various project-related expenses across the group. The loan is secured by a mortgage on 30 acres of land at Solano Gardens and the hypothecation of project receivables. This strategic fundraise indicates the company's focus on expanding its project pipeline and land bank in its core markets.

Total term loan facility of Rs 110 crore sanctioned by Piramal Finance Limited.
Funds allocated for land acquisition in Lucknow and general group project expenses.
Security includes an exclusive charge on 30 acres of 'Solano Gardens' and hypothecation of receivables.
100% shareholding of five wholly-owned subsidiaries has been pledged as part of the security package.
The agreement includes a provision for the lender to appoint a nominee director in the event of a payment default.

💡 Investors should view this as a growth-oriented move that strengthens the company's land bank, though it increases debt levels. Monitor the execution timelines of the new projects to ensure the leverage is efficiently utilized for revenue growth.

Eldeco Housing Releases Audio Recording of Q3 FY26 Earnings Conference Call

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 11 Feb 2026, 06:06 PM

Eldeco Housing And Industries Limited has officially released the audio recording of its earnings conference call held on February 11, 2026. The call addressed the company's unaudited financial performance for the third quarter and the nine-month period ending December 31, 2025. This disclosure is a routine regulatory requirement under SEBI Listing Regulations to ensure transparency for all stakeholders. Investors can access the full recording on the company's website to evaluate management's discussion on recent operational trends.

Audio recording of the earnings call held on February 11, 2026, is now available.
Discussion centered on unaudited financial results for Q3 and 9M ended December 31, 2025.
The call followed a prior intimation made by the company on February 2, 2026.
Disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the call to understand management's commentary on revenue recognition and project execution timelines. This provides deeper context beyond the raw financial numbers reported for the quarter.

Eldeco Housing Reports Strong 9M FY26 Performance; Booking Value Up 29% to ₹361.2 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Feb 2026, 07:35 PM

Eldeco Housing and Industries Limited (EHIL) delivered a robust performance for 9M FY26, with booking values growing 29.1% YoY to ₹361.2 crore, already surpassing FY25 totals. The company saw a significant 43.3% surge in collections to ₹255.7 crore and a 137% YoY jump in Q3 FY26 PAT to ₹13.7 crore. Strategic highlights include the recovery of ₹55 crore from the Bareilly project and the launch of Eldeco Solano Gardens with a GDV potential exceeding ₹1,000 crore. Operational efficiency improved significantly, with Q3 EBITDA margins expanding to 43.7% from 24.4% in the previous year.

9M FY26 booking value reached ₹361.2 crore, up 29.1% YoY, with 5.62 lakh sq. ft. area booked.
Q3 FY26 PAT surged 137% YoY to ₹13.7 crore, while EBITDA margins expanded by 1,930 bps to 43.7%.
Collections for 9M FY26 grew by 43.3% YoY to ₹255.7 crore, reflecting strong execution and delivery momentum.
Recovered ₹55 crore (including interest) from the Bareilly project against a principal investment of ₹39 crore.
Launched Eldeco Solano Gardens (Phase 1) in January 2026 with a total project GDV potential of over ₹1,000 crore.

💡 Investors should view the strong growth in bookings and collections as a sign of healthy demand and execution capability. The significant margin expansion and the launch of high-GDV projects like Solano Gardens suggest a positive trajectory for future earnings and cash flow.

Eldeco Housing Q3 Net Profit Surges 137% YoY to ₹13.67 Cr; Board Approves ₹110 Cr Loan

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 07:24 PM

Eldeco Housing and Industries reported a robust performance for the quarter ended December 31, 2025, with consolidated net profit jumping 137% YoY to ₹13.67 crore. Revenue from operations grew 24.3% YoY to ₹43.08 crore, reflecting strong momentum in its real estate segment. Additionally, the Board approved a significant fundraise of up to ₹110 crore through a term loan from Piramal Finance Limited. This capital is intended for the company and five of its wholly-owned subsidiaries, signaling an aggressive push for project development and expansion.

Consolidated Net Profit increased by 137% YoY to ₹1,367.07 lakhs in Q3 FY26.
Revenue from operations rose 24.3% YoY to ₹4,308.00 lakhs compared to ₹3,466.00 lakhs in the previous year.
Board approved a term loan facility of up to ₹110 crore from Piramal Finance Limited.
Consolidated Earnings Per Share (EPS) improved to ₹13.90 from ₹5.87 in the year-ago quarter.
The loan facility involves five wholly-owned subsidiaries including Ascendancy and Carnation Realtors.

💡 The strong bottom-line growth and secured funding for subsidiaries suggest a positive outlook for project execution; investors should monitor the utilization of the ₹110 crore loan and its impact on debt-to-equity ratios.

Eldeco Housing Q3 Net Profit Jumps 137% YoY to ₹13.67 Cr; Board Approves ₹110 Cr Loan

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 07:12 PM

Eldeco Housing and Industries reported a robust consolidated net profit of ₹13.67 crore for Q3 FY26, a significant increase from ₹5.77 crore in the year-ago period. Consolidated revenue grew 24% YoY to ₹43.08 crore, driven by improved project execution. The company also secured board approval for a ₹110 crore term loan from Piramal Finance Limited to fund operations across the parent company and five subsidiaries. This combination of strong earnings and fresh capital indicates a positive growth trajectory for the real estate developer.

Consolidated Net Profit surged 137% YoY to ₹13.67 crore in the quarter ended December 2025.
Revenue from operations increased to ₹43.08 crore from ₹34.66 crore in the corresponding quarter last year.
Board approved a term loan facility of up to ₹110 crore from Piramal Finance Limited for the company and five subsidiaries.
Consolidated EPS increased to ₹6.95 for the quarter, up from ₹2.93 in Q3 FY25.
Total consolidated income for the nine-month period reached ₹111.43 crore.

💡 The strong earnings beat and the ₹110 crore fundraise provide a positive outlook for the stock; investors should monitor the deployment of this capital into new project launches.

Eldeco Housing to Announce Q3 FY26 Results on Feb 10; Earnings Call Set for Feb 11

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 02 Feb 2026, 06:06 PM

Eldeco Housing and Industries Limited (ELDEHSG) has scheduled the announcement of its Q3 and 9MFY26 financial results for February 10, 2026. An earnings conference call will follow on February 11, 2026, at 3:30 PM IST, featuring top management including the CMD and Group CEO. The company continues to focus on its core Lucknow market, managing large-scale projects such as the 133-acre Eldeco City township and the 11.9 lakh sq. ft. Eldeco Saubhagyam project. Investors will look for updates on project delivery timelines and the sustainability of its uninterrupted dividend track record.

Q3 and 9MFY26 financial results to be released on February 10, 2026.
Earnings conference call scheduled for February 11, 2026, at 3:30 PM IST.
Management participants include CMD Pankaj Bajaj and Group CEO Manish Jaiswal.
Company portfolio features major projects like the 133-acre Eldeco City and 43-acre Eldeco Shaurya.
Maintains an uninterrupted dividend-paying track record since its inception in 1985.

💡 Investors should monitor the February 10 result filing for revenue recognition from ongoing projects and attend the call for management commentary on the Lucknow real estate outlook. Focus on the progress of the 11.9 lakh sq. ft. Saubhagyam project as a key growth driver.

Eldeco Housing Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 10:51 AM

Eldeco Housing and Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by Skyline Financial Services Private Limited, covers the quarter ended December 31, 2025. The Registrar and Share Transfer Agent (RTA) confirmed that no physical share certificates were received for dematerialization during this period. This is a standard administrative filing required by SEBI to maintain accurate electronic shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Skyline Financial Services Private Limited acted as the Registrar and Share Transfer Agent (RTA).
Confirmed that zero physical share certificates were received for dematerialization during the quarter.
The filing fulfills requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

💡 No action is required as this is a routine regulatory compliance filing. Investors should continue to monitor the company's upcoming quarterly financial results for material performance indicators.

Eldeco Housing Announces Trading Window Closure from Jan 1, 2026 for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Dec 2025, 06:06 PM

Eldeco Housing and Industries Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI insider trading regulations. This closure is a standard procedure ahead of the board's consideration of the unaudited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are publicly disclosed. The specific date for the board meeting to approve these results will be communicated at a later time.

Trading window closure begins on Thursday, January 1, 2026.
Closure is related to the review of Unaudited Financial Results for the quarter and nine months ended December 31, 2025.
Trading restriction applies to all Designated Persons and their immediate relatives.
The window will reopen 48 hours after the financial results are announced to the exchanges.
The date for the board meeting to approve the results is yet to be announced.

💡 This is a routine regulatory announcement with no direct impact on the company's valuation; investors should monitor for the upcoming board meeting date and subsequent Q3 financial performance.

Eldeco Housing Clarifies Recent Stock Price Volatility to NSE

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Dec 2025, 06:33 PM

Eldeco Housing And Industries Limited responded to a clarification request from the National Stock Exchange regarding significant movement in its stock price on December 8, 2025. The company stated that it has consistently complied with Regulation 30 of SEBI Listing Regulations and has disclosed all material information. Management confirmed that no undisclosed information or announcements exist that would impact the scrip's price or volume behavior. The company maintains that the recent price movement is purely market-driven and not due to internal corporate developments.

NSE issued a clarification request (Ref. No. NSE/CM/Surveillance/16147) on December 8, 2025.
Company confirms full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Management states no material information or events have been withheld from the market.
The company attributes recent price and volume fluctuations to market-driven factors.
Eldeco pledged to continue adhering to all future compliance and disclosure requirements.

💡 As the company has clarified that no new material events are driving the stock price, investors should focus on fundamental performance and technical levels. Exercise caution as the recent volatility appears to be speculative or market-driven rather than news-based.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated total income for Q2 FY26 was INR 35.3 Cr, representing a 3.02% decrease from INR 36.4 Cr in Q2 FY25. Standalone total income for H1 FY26 was INR 120.04 Cr (1200.39 million), while consolidated total income for H1 FY26 reached INR 199.77 Cr (1997.67 million).

Geographic Revenue Split

The company primarily operates in Lucknow, Uttar Pradesh, which serves as its core market. It also has exposure to Bareilly through the Eldeco City project, which is expected to return INR 65-70 Cr in principal and IRR.

Profitability Margins

Standalone Net Profit for Q2 FY26 was INR 4.5 Cr (45.02 million), down from INR 9.11 Cr in Q2 FY25. Consolidated Profit After Tax for Q2 FY26 stood at INR 2.6 Cr. ROE is reported at 7.89%.

EBITDA Margin

Consolidated EBITDA margin for Q2 FY26 was 15.7% (INR 5.5 Cr). Management expects margins to improve to 30-35% over the next 12-18 months as high-margin revenue from the Imperia 2 project is recognized.

Capital Expenditure

Not explicitly disclosed in available documents, though the company is actively working on adding more acreage to its current 36.8-acre land bank.

⚙️ Operational Drivers

Raw Materials

Standard construction materials including steel, cement, and bricks are the primary inputs, though specific percentage breakdowns per material are not provided in the text.

Import Sources

Sourced locally within India, primarily in the North Indian region (Delhi NCR and Uttar Pradesh) to support projects in Lucknow and Bareilly.

Capacity Expansion

The company currently has 36.8 acres of land and is actively working on adding more acreage before moving to the next stage of approvals. It has delivered approximately 200 projects and has 32 projects currently under execution.

Raw Material Costs

Not explicitly disclosed as a percentage of revenue, but management noted that realizations dropped from INR 6,500 to INR 6,000 per sq. ft. in Q2 FY26 due to the specific mix of projects recognized.

Manufacturing Efficiency

The company focuses on 'disciplined execution' and 'steady construction progress' to ensure timely delivery of projects like Eldeco Solano Gardens.

📈 Strategic Growth

Expected Growth Rate

35%

Growth Strategy

Growth will be driven by the recognition of revenue from the Imperia 2 project, which carries higher EBITDA margins (35-40%), and the upcoming launch of Eldeco Solano Gardens. The company is also focusing on strategic land additions in Lucknow's expanding market.

Products & Services

Residential townships, premium mid-income housing, plotted developments, and commercial/retail properties.

Brand Portfolio

Eldeco

New Products/Services

Upcoming launch of Eldeco Solano Gardens and the continued development of the Imperia 2 project.

Market Expansion

Focusing on expanding acreage in Lucknow and completing the Eldeco City project in Bareilly.

Strategic Alliances

The company operates the Bareilly project with partners, expecting a cash return of INR 65-70 Cr.

🌍 External Factors

Industry Trends

There is a notable shift in project mix towards plotted developments and premium mid-income housing in Tier I, II, and III towns.

Competitive Landscape

The company competes with other regional and national developers in the North Indian residential and commercial real estate sectors.

Competitive Moat

The 'Eldeco' brand serves as a moat, particularly in the Lucknow market, providing stability and trust which becomes more important during market downturns.

Macro Economic Sensitivity

Highly sensitive to the real estate market cycle; management notes that brand value is critical during 'soft' market conditions to maintain demand.

Consumer Behavior

Increasing demand for plotted developments and premium mid-income housing in expanding urban centers like Lucknow.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the SEBI Listing Regulations (Regulations 17 to 27) and the Companies Act, 2013. The company has a formulated policy for 'Material Subsidiaries' and 'Related Party Transactions'.

Taxation Policy Impact

The company follows standard Indian corporate tax rates; standalone tax expense for H1 FY26 was approximately INR 3.25 Cr (based on PBT of 11.85 Cr and PAT of 8.61 Cr).

Legal Contingencies

The company reports no instances of non-compliance or penalties imposed by Stock Exchanges, SEBI, or any statutory authority regarding capital markets in the last three years.

⚠️ Risk Analysis

Key Uncertainties

Revenue recognition timing is a key uncertainty, as margins can fluctuate significantly (from 15.7% to an expected 35-40%) based on which specific projects reach the recognition threshold.