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

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

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.”

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 31^st December 2021.