Eldeco Housing & Industries Limited (NSE: ELDEHSG, BSE: 523329) reported strong operating and financial performance for the quarter and nine months ended Dec. 31, 2025, supported by higher bookings, collections and deliveries, according to the company’s Q3 & 9M FY26 investor presentation released on Feb. 10, 2026.
Q3 FY26 financial performance
Total income for the quarter rose 18.6% year on year to ₹45.2 crore. EBITDA more than doubled to ₹19.8 crore, with the EBITDA margin expanding to 43.7% from 24.4% a year earlier. Profit after tax surged 137% year on year to ₹13.7 crore, with the PAT margin improving to 30.2%.
Finance costs declined marginally to ₹1.0 crore, while PBT rose 130.6% to ₹18.5 crore, reflecting operating leverage from higher revenue recognition and improved cost efficiency.
Nine-month FY26 snapshot
For the nine months ended Dec. 31, 2025, total income increased 5.0% year on year to ₹111.4 crore. EBITDA rose 6.0% to ₹30.8 crore, with margins largely stable at 27.6%. PAT increased 6.4% to ₹19.4 crore, supported by steady collections and disciplined execution.
Operational momentum
Operational metrics improved across key levers in 9M FY26. Booking value rose 29.1% year on year to ₹361.2 crore, while collections increased 43.3% to ₹255.7 crore. Construction spend rose 10.8% to ₹116.5 crore, reflecting progress across ongoing projects. Deliveries increased 23.1% to 2.60 lakh sq. ft., with 254 homes handed over in the nine-month period.
In Q3 FY26, booking value stood at ₹52.0 crore, collections at ₹86.3 crore, construction spend at ₹39.9 crore, and delivered area at 55,826 sq. ft., according to the presentation.
Project pipeline and launches
The company reported no new launches in Q3 FY26 but said it is strengthening its launch pipeline through land aggregation and approvals. During the quarter, Eldeco added 2.05 acres of land to its pipeline.
Key strategic developments included the launch of Eldeco Solano Gardens (Phase 1) in January 2026. The township project has a gross development value potential exceeding ₹1,000 crore for the overall development, with Phase 1 receiving a strong initial market response. Eldeco also advanced approvals for Eldeco City Courtyard (commercial) and Eldeco Imperia Avenue Commercial, adding to its upcoming non-residential portfolio.
Balance sheet and capital recovery
During Q3 FY26, Eldeco recovered its invested amount in the Bareilly project, receiving about ₹55 crore, including interest, against a principal investment of ₹39 crore. Management said the recovery strengthens liquidity and supports funding for new project launches.
The company highlighted its ability to fund operations largely through customer advances, reflecting a conservative financial approach and limited reliance on external debt.
Market positioning and outlook
Eldeco continues to focus on residential and township projects in Lucknow and North India, where it has a long operating history. Management said it will prioritise timely project execution, steady collections and disciplined land acquisition to maintain momentum.
The company expects bookings and collections to remain supported by ongoing project traction and upcoming launches, while execution progress is expected to translate into revenue recognition over coming quarters.
Summary
Eldeco Housing & Industries delivered strong Q3 FY26 profit growth on the back of higher income and margin expansion. Nine-month performance reflected steady operating momentum, with robust growth in bookings, collections and deliveries. Land additions and new launches, including Eldeco Solano Gardens Phase 1, are expected to support medium-term growth and revenue visibility.