Ganesh Housing Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
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The Board of Ganesh Housing Corporation Limited approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, with a clean (unmodified) opinion from statutory auditors J.M. Parikh & Associates. On a standalone basis, FY25 revenue from operations rose about 14% year-on-year to Rs 676.29 crore, while net profit jumped roughly 40% to Rs 380.45 crore, translating to an EPS of Rs 45.62 (vs Rs 32.49 in FY24). On a consolidated basis, revenue grew about 7.6% to Rs 959.76 crore and net profit rose around 30% to Rs 598.06 crore, with consolidated EPS of Rs 71.72 (vs Rs 55.25). The Board has recommended a 50% dividend of Rs 5 per equity share (face value Rs 10) for FY25, subject to shareholder approval at the upcoming AGM. The company also appointed J.B Mistri & Co. as Cost Auditor and Purnesh R. Mehta & Co. as Internal Auditor for FY26. Real estate remains the sole reportable segment.
The strong double-digit profit growth and a healthy 50% dividend payout are positive signals for shareholders and should be supportive of the stock. However, consolidated net cash from operations turned sharply negative in FY25 (Rs -369.43 crore vs Rs +14.64 crore last year), pointing to significant working capital absorption that investors should watch even as reported earnings look robust.