Eldeco Housing And Industries Limited — Investor Meet, 29-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Eldeco reported fresh bookings of Rs.337 Cr, 15% below guidance, while collections jumped 105% YoY to Rs.254 Cr. Realization rose 32% to Rs.6,568/sq ft, driven by the luxury Eldeco Trinity project (one-third sold). Construction spend increased 60% to Rs.156 Cr. Margins were pressured by marketing costs and lower-margin Imperia Phase-1 but should improve with Imperia Phase-2 revenues next year. New launches with ~Rs.1,000 Cr GDV aim for Rs.500+ Cr pre-sales in FY26. Lucknow remains core, with cautious Gorakhpur expansion. Cash of ~Rs.123 Cr is largely escrowed; incremental debt expected for land and projects. Dividend raised to 450%. Management is confident on execution and growth despite near-term margin pressure.