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Second successive quarter with highest ever quarterly value sales booking for Eldeco in Q3

ELDECO

New Delhi, February 11, 2022: Eldeco Housing and Industries Ltd., announced its results for the third quarter of financial year 2021-22.

Pankaj Bajaj, President, CREDAI NCR

Commenting on the results, Pankaj Bajaj, Chairman & Managing Director said, “We continue to register strong bookings and improved realizations in our projects. We have clocked bookings worth Rs. 108 crore this quarter, making this our second successive quarter with highest ever sales value. Our cash collections have also grown this quarter, an indication of the fact that these are healthy bookings. The market response to the launch of villas in our Eldeco Imperia project was tremendous and we booked more than 90% inventory in this quarter.”

Key Highlights  Consolidated Quarterly Results – Q3 FY22 During the quarter, Company received booking for 2.56 Lakh Sq. ft. area translating into sales booking of over Rs. 108 crores, making this the second successive quarter where we registered historical record in value terms for the Company. During the quarter, revenue from Operations was Rs. 42.7 crores, EBITDA for the quarter was Rs. 20.2 crores, Profit Before Tax for the quarter was Rs. 19.9 crores.Net profit for the quarter was Rs. 14.9 crores.    

Operational Highlights:

  • Company is witnessing strong demand with improved realization for its projects. During the quarter, 2.56 Lakh Sq. Ft. area was booked with realization of Rs. 4,230 per Sq. Ft as compared to a realization of Rs. 4,075 per Sq. Ft in Q2FY22.
  • Booking Value recorded at Rs. 108 crores, saw28.6% Y-o-Y growth in Q3FY22.
  • Collections recorded at Rs. 56.4 crores in Q3FY22, grew 73.5% Y-o-Y and 48.9% Q-o-Q growth in Q3FY22.
  • The Company launched additional number of Villas in Eldeco Imperia project this quarter, which received very good response last quarter. 93% of available Villas were already booked till 31st December 2021.

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