Any current/future new fundraising through debt or equity?

Eldeco Housing & Industries Limited secured substantial funding of around Rs. 160 crores in Q2 FY24 from two lenders, Piramal and ICICI Bank. Out of this Rs. 160 crores, around Rs. 80 crores has already been allocated and deployed to support development initiatives. The company currently has enough dry powder (internal cash/funds) for planned land acquisitions in H2 FY24 and does not require immediate fresh debt. However, the company remains open to taking more debt if attractive land acquisition opportunities arise, as acquisition is opportunistic in nature. No specific mention of any planned

Any current/future capex/capital investment/strategic investment?

Eldeco Housing & Industries Limited has acquired approximately 20.6 acres of land in H1 FY24 as part of ongoing land aggregation, with plans to continue expanding the land portfolio in coming months. The Company has secured substantial funding of around ₹160 crores from Piramal and ICICI Bank in Q2 FY24, with ₹80 crores already deployed to support development initiatives. Land acquisition is ongoing, with plans to acquire more land parcels in H2 FY24. The Company remains open to strategic tie-ups and partnership deals for land acquisition and development, provided the opportunities meet their

Future growth expectations in sales/revenue/volumes?

Eldeco expects to more than double sales bookings in the current year compared to last year (from ~100 crores in last year to approximately 200-220 crores). Significant contribution to sales will come from Imperia Phase-2 and Eldeco Trinity, accounting for around 50-60% of bookings. New projects like Latitude 27 have shown strong booking performance, with around 50% units already allotted and more pre-commitments expected to convert in H2 FY24. Revenue recognition and reported revenues reflect projects launched 3-4 years ago; upcoming deliveries of Twin Tower and Imperia Phase-1 expected to po

Future growth expectations in earnings/operating earnings/profits/EPS?

Eldeco expects more than doubling sales bookings in the current year compared to last year (approx. doubling from around ₹100 crore last year). New project launches such as Imperia Phase-2 and Eldeco Trinity (total inventory ~11 lakh sq ft) are expected to contribute significantly over the next 3-4 years. Revenue recognition will gradually improve as Twin Tower and Imperia Phase-1 complete by Q4 FY24 or Q1 FY25. EBITDA margins for new projects are expected to be lower than historical highs of 35-40%, likely in the range of 25-35%. Plotted horizontal development projects like Imperia Phase-2 ma

Current/ Expected Orderbook/ Pending Orders?

Eldeco aims to more than double its sales bookings this year compared to last year (from around ₹100 crore to roughly ₹200-220 crore). Approximately 50-60% of this booking value is expected from Imperia Phase-2 and Eldeco Trinity projects. The inventory being released includes 11 lakh sq.ft from Imperia Phase-2 (6.3 lakh sq.ft) and Trinity. Recent project launch Latitude 27 has already seen around 50% sales allotment (~40-41 units). Future deliveries from Twin Tower and Imperia Phase-1 are expected in Q4 FY24 or Q1 FY25, contributing positively to revenue. Land acquisitions are ongoing with ab

Eldeco HousingQ2 FY24Realty

Eldeco Housing Q2 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹782P/E: 20.8Market Cap: ₹753 CrSector: Realty

Management growth scorecard

Revenue

Category 2

Margin

Category 4

Fundraise

Yes

Order

Yes

Capex

Yes

3 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 2

Eldeco expects to more than double sales bookings in the current year compared to last year (from ~100 crores in last year to approximately 200-220 crores).
Significant contribution to sales will come from Imperia Phase-2 and Eldeco Trinity, accounting for around 50-60% of bookings.
New projects like Latitude 27 have shown strong booking performance, with around 50% units already allotted and more pre-commitments expected to convert in H2 FY24.
Revenue recognition and reported revenues reflect projects launched 3-4 years ago; upcoming deliveries of Twin Tower and Imperia Phase-1 expected to positively impact reported revenues in Q4 FY24 or Q1 FY25.
Larger project deliveries (Imperia 2, Trinity, Latitude) are expected over the next 3-5 years, supporting top-line growth and revenue recognition.
EBITDA margins are expected to moderate to 25-35% (from historical 35-40%) due to higher land costs on new projects.

Margin guidance

Category 4

Eldeco expects more than doubling sales bookings in the current year compared to last year (approx. doubling from around ₹100 crore last year).
New project launches such as Imperia Phase-2 and Eldeco Trinity (total inventory ~11 lakh sq ft) are expected to contribute significantly over the next 3-4 years.
Revenue recognition will gradually improve as Twin Tower and Imperia Phase-1 complete by Q4 FY24 or Q1 FY25.
EBITDA margins for new projects are expected to be lower than historical highs of 35-40%, likely in the range of 25-35%.
Plotted horizontal development projects like Imperia Phase-2 may yield higher margins than group housing projects.
Reported revenues may remain muted in FY24 and FY25 due to project delivery timelines but expected to grow as newer projects are delivered starting FY25.
Collections and bookings from new launches (e.g., Latitude 27) indicate robust operating performance and growth potential in the medium term.

See what Eldeco Housing management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

Eldeco Housing & Industries Limited secured substantial funding of around Rs. 160 crores in Q2 FY24 from two lenders, Piramal and ICICI Bank.
Out of this Rs. 160 crores, around Rs. 80 crores has already been allocated and deployed to support development initiatives.
The company currently has enough dry powder (internal cash/funds) for planned land acquisitions in H2 FY24 and does not require immediate fresh debt.
However, the company remains open to taking more debt if attractive land acquisition opportunities arise, as acquisition is opportunistic in nature.
No specific mention of any planned equity fundraising was made in the call.

Order book

Yes

Eldeco aims to more than double its sales bookings this year compared to last year (from around ₹100 crore to roughly ₹200-220 crore).
Approximately 50-60% of this booking value is expected from Imperia Phase-2 and Eldeco Trinity projects.
The inventory being released includes 11 lakh sq.ft from Imperia Phase-2 (6.3 lakh sq.ft) and Trinity.
Recent project launch Latitude 27 has already seen around 50% sales allotment (~40-41 units).
Future deliveries from Twin Tower and Imperia Phase-1 are expected in Q4 FY24 or Q1 FY25, contributing positively to revenue.
Land acquisitions are ongoing with about 20 acres purchased recently, of which around 3.2-3.5 acres are for Eldeco Trinity.
The company also has subsidiaries acquiring land in other cities like Gurugram, Sonipat, Ludhiana, but primary focus remains Lucknow.

See what Eldeco Housing management said on order book — free account, 30 seconds.

Capex plans

Yes

Eldeco Housing & Industries Limited has acquired approximately 20.6 acres of land in H1 FY24 as part of ongoing land aggregation, with plans to continue expanding the land portfolio in coming months.
The Company has secured substantial funding of around ₹160 crores from Piramal and ICICI Bank in Q2 FY24, with ₹80 crores already deployed to support development initiatives.
Land acquisition is ongoing, with plans to acquire more land parcels in H2 FY24.
The Company remains open to strategic tie-ups and partnership deals for land acquisition and development, provided the opportunities meet their criteria on location, IRR, approval and aggregation risks.
The funding and capital raised will be utilized to support new project launches like Imperia Phase-2, Eldeco Trinity, and Latitude 27 in Lucknow.
The Company has headroom in its balance sheet and is open to taking additional debt if required for opportunistic land acquisitions.

Track Eldeco Housing — get its next earnings analysis in your feed

How does Eldeco Housing rank vs peers in Realty?

Pro feature

ThisEldeco Housing

Rev 2Mar 4

See where Eldeco Housing sits in RealtySee which companies these are, and every other name in the sector.Open rankings

How does Eldeco Housing rank in Realty?

Compare Eldeco Housing against every Realty company (Q2 FY24) on revenue, margins and earnings-call signals.

View Realty leaderboard →

What Eldeco Housing's management said in earlier quarters

Others in Realty this season

Pranav Constructions Ltd (Q2 FY27)
Q1-FY27 revenue from operations: INR 1,645 Mn, up 15.7% YoY (Q1-FY26: INR 1,422 Mn). Key investor presentation takeaways from Pranav Constructions Ltd's Q2 FY27
Shraddha Prime Projects Ltd (Q1 FY27)
Q1 FY27 Operational Revenue: ₹13,357.95 lakhs, up 127.57% from ₹5,869.94 lakhs in Q1 FY26. Key concall takeaways from Shraddha Prime Projects Ltd's Q1 FY27…
TARC Ltd (Q1 FY25)
Q1FY25 Revenue: ₹8.21 crore (vs. Key concall takeaways from TARC Ltd's Q1 FY25 earnings call — and how it ranks against sector peers.
TARC Ltd (Q3 FY25)
Q3 FY25 Revenue:** ₹9.35 crore, marginally up 0.48% YoY from ₹9.30 crore in Q3 FY24 (Page 20) . Key concall takeaways from TARC Ltd's Q3 FY25 earnings call…

Compare:vs DLF vs Lodha Developers Ltd vs Phoenix Mills Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →