Eldeco Housing & Industries Ltd

- The company has taken a loan of INR 110 crore, which is a combination of land acquisition and construction finance (Page 9). - No explicit mention of any immediate or future plans for new fundraising through equity in this call. - They discussed a related party loan from Piramal, taken as bridge financing due to cash flow stuck in RERA accounts (Page 9). - Regarding any merger or IPO related to group companies, the management stated that the respective boards will decide, and no comment was made on any potential fundraising or merger (Page 10). - Overall, current debt is manageable with net debt negative due to high cash reserves (~INR 178 crores), with no announced new fundraising plans beyond existing loans (Page 5).

- Recent land acquisitions include 2.05 acres in various locations with ongoing aggregation, expected to increase to 60 acres in the next few months (Page 4). - Won a couple of auctions with Lucknow Development Authority; details to be disclosed in next presentation after official communication (Page 4). - No major commercial project launches planned; existing commercial projects constitute less than 10% of total area under development (Page 12). - Future project pipeline includes ongoing projects, forthcoming projects with approved plans, and land bank parcels under planning, implying continued capital investment in residential projects (Page 11). - Construction spend for 9MFY26 at INR 116.5 crores reflecting consistent execution (Page 4). - No specific mention of strategic investments beyond land acquisitions and project development outlined.

- Eldeco has a strong launch pipeline including projects like Eldeco Solano Gardens, City Courtyard, Imperia Avenue, and others under planning or approval (Pages 10-11). - The company aims to establish a new normal of INR 350+ crore annual booking value, having already surpassed FY25 bookings in 9MFY26 (Pages 7, 10). - Solano Gardens alone has GDV potential of over INR 1,000 crores, with phase-wise launches and monetization over 5 years (Pages 6-7, 10). - Upcoming launches expect to maintain or improve current sales tempo if approvals and market conditions remain favorable (Page 9). - The Lucknow market is considered underpenetrated with organic demand and a multiyear up cycle expected, supporting sustained growth (Page 4). - Pricing has been rising but is expected to stabilize; sales volumes and realizations growth expected to be steady but not overly aggressive (Page 10).

- EBITDA margin is expected to stabilize around 30%-35% on a blended basis over many years; next year’s margin will be a bit higher due to high-margin projects like Imperia Phase 2. - Sales bookings have shown strong growth, with 9MFY26 bookings surpassing the entire FY25 level, indicating a higher run rate going forward. - The launch of Eldeco Solano Gardens (GDV of over INR 1,000 crores) and other upcoming projects are expected to drive revenue and earnings growth over the next 3-5 years. - Collections and deliveries have been consistently rising, supporting sustained operating performance. - Commercial projects constitute less than 10% of portfolio and have higher margins but limited impact on overall earnings. - Management aims to establish the current strong sales and earnings growth as the company's new normal, subject to timely approvals and market conditions. - Pricing in key markets like Lucknow has increased significantly but expected to stabilize, supporting sustainable profitability.

- Eldeco Housing has a robust project pipeline categorized into ongoing projects, forthcoming projects, and land bank for future projects (Pages 10-11). - Ongoing projects details, including saleable area and booked versus available inventory, are provided on Slide #12. - Forthcoming projects include Eldeco City Residential, Solano Gardens, City Courtyard, and Imperia Avenue with a combined saleable area of about 24 lakh square feet at an average price of INR 6,000-6,500 per sq ft (Page 10). - Additional land parcels under planning will be moved to forthcoming projects once plans and approvals are in place; land bank covers about 40-60 acres with ongoing aggregation and some auctions won but yet to be confirmed (Page 5 and 10). - The company has already booked INR 361.2 crores in 9MFY26 and expects FY26 to be a record year with the upcoming launch of Solano Gardens (Pages 2 and 7). - Total projects’ GDV can be derived from disclosed saleable area across projects, though exact orderbook figures are not explicitly stated.