Ganesh Housing Corporation Limited has informed the Exchange about Transcript
GANESHHOU · price
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Ganesh Housing reported Q1 FY26 revenue of INR 151 crores, down about 30% year-on-year, but profitability margins improved significantly. EBITDA margins expanded to 85% from 71%, and PAT margins rose to 61.6% from 51.6%, with PAT at INR 93 crores versus INR 114 crores last year. The company highlighted steady progress on key projects: Malabar Retreat (43% built, INR 280 crores inventory), Million Minds SEZ Phase 1 (80% leased with rentals expected to start in Q3-Q4 FY26), and the One Thaltej commercial project (1.8 million sq ft, INR 2,100 crores lifetime revenue potential). Management maintained its 30% CAGR bottom-line growth guidance and noted negligible debt with a strong cash balance of about INR 150 crores. The Godhavi Township sold 10 acres this quarter at around INR 30,000 per sq ft, with total potential estimated at over INR 5,000 crores.
Short-term revenue dip may weigh on sentiment, but expanding margins and a debt-free, cash-rich balance sheet provide comfort. The 30% profit growth guidance and visible project pipeline (Godhavi, Malabar, Million Minds) could support the stock if execution and sales momentum pick up in H2 FY26 as management expects.