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Earnings Call

Ganesh Housing Earnings Call: Key Takeaways

Ganesh Housing reported Q4FY26 revenue of INR 1,218 Mn with strong 80.7% EBITDA margins. The company remains net debt-free, focusing on Ahmedabad's high-growth residential and IT-SEZ markets.

Highlights
Revenue growth33% QoQ growth in Q4FY26; FY26 revenue at INR 5,385 Mn.
MarginsHealthy EBITDA margins at 80.7% and PAT margins at 50.4%.
Demand visibilityStrong interest in Million Minds IT-SEZ with ~55% leasable area discussed.
Management confidenceHigh, citing strong land bank and debt-free status.

Growth

Revenue grew 33% QoQ; PAT rose 14% QoQ to INR 614 Mn. FY26 revenue reached INR 5,385 Mn.

Outlook

Targeting ~32 msf development and ~INR 172,500 Mn sales value over next few years. Construction of One 91 Thaltej starts Q2FY27.

Risks

Market concentration in Ahmedabad; potential regulatory delays in planning approvals for new projects like One 91 Thaltej.

Source

Earnings Call filed with BSE, NSE: GANESHHOU. Summary written with AI assistance from the document.

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Ganesh Housing Ltd: key numbers

Share price
₹734.75
Market cap
₹6,127 Cr
Revenue (annual)
₹511.4 Cr
Net profit (annual)
₹316.3 Cr
P/E (TTM)
23.1×Sector 35.8×
Promoter holding
73.06%+0.00% QoQ
FII holding
0.63%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Ganesh Housing Earnings Call Transcript: Key Takeaways

Revenue surged 130% QoQ, but Profit After Tax (PAT) was hit by a heavy one-time tax burden from the Thaltej land monetization. Management is shifting toward a recurring rental model via Million Minds.

Call
Guides 257% growth