Transcript of Earnings Conference Call held on Tuesday, May 26, 2026

Eldeco Housing & Industries reported record FY26 performance with booking value of INR 744 crores (up 120% YoY) and collections of INR 352.1 crores (up 39% YoY). The standout launch was Solano Gardens with 343 units sold out of 433 launched, generating INR 384+ crores in bookings. Management expanded the growth pipeline by adding 3 land parcels in Lucknow with ~INR 2,000 crores GDV, taking total project pipeline to ~INR 4,000 crores over 5-6 years. One-time expenses of ~INR 14 crores impacted Q4 margins, including GST write-offs. For FY27, management guided EBITDA margins of 30-35% and PAT margins of ~25%, driven by Imperia Phase 2 revenue recognition (INR 140-150 crores expected). Construction spend guidance for FY27 is ~INR 200 crores, up 15-20% from FY26.