Q1 2025 Eldeco Housing and Industries Ltd Earnings Call Transcript
Key Points
- Launch of Eldeco Trinity, a luxury project in Lucknow, with a total salable area of more than 5 lakh square feet.
- Significant increase in booking value, up 89% year-on-year to INR59.1 crores in Q1 FY '25.
- Strong collections, showing a 117% increase year-on-year with INR55.3 crores collected in Q1 FY '25.
- Handed over 114 homes to allottees before the contractual due date or within RERA timelines.
- Consolidated revenue from operations grew by 17.5% year-on-year to INR29.2 crores in Q1 FY '25.
- Bookings for Eldeco Trinity started off lukewarm, although they picked up subsequently.
- Minimal progress in land aggregation at two out of three locations in Lucknow.
- Revenue recognition is dependent on the completion and handover of units, which can be unpredictable.
- Significant portion of cash (INR60 crores) is stuck in RERA bank accounts, limiting immediate liquidity.
- Approval processes for new projects can be slow and unpredictable, impacting project timelines.
Ladies and gentlemen, good day, and welcome to the Eldeco Housing and Industries Ltd Q1 FY 25 Earnings Conference Call. (Operator Instructions) note that this conference is being recorded.
I now hand the conference over to Mr. Abhishek Bhatt from EY Investor Relations. Thank you and over to you Mr. Abhishek.
Good day, everyone, and thank you for joining us on the call. Before we proceed to the call, let me remind you that today's discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties and other factors.
It must be viewed in conjunction with the business risk that could cause future results, performance or argument to differ significantly from what is expected and implied by such forward-looking statements.
Please note the results and presentations are available on the exchanges and our company's website. Should you need any assistance to receive them, you can write to us, and we'll be happy to send it over.
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