ALFA Finder| Revenue growth | 86% YoY; 130% QoQ. |
|---|---|
| Margins | EBITDA margin declined to 39.3% from 84.8% YoY. |
| Demand visibility | Strong; ~55% leasable area of IT SEZ Phase 1 under active discussion. |
Growth
Revenue grew 86% YoY to INR 2,802 Mn, while PAT declined 55% YoY to INR 420 Mn.
Outlook
Targeting development of ~31msf with ~INR 225,000 Mn sales value over the next few years.
Risks
PAT margins compressed significantly to 15.0% from 61.6% YoY; EBITDA margins fell to 39.3%.
Last quarter's promises, checked
Delivered
- Targeted FY26 Revenue INR 539 Cr → delivered INR 539 Cr (= BEAT)
- Targeted FY26 PAT INR 316 Cr → delivered INR 316 Cr (= BEAT)
- Targeted Dividend 15% → delivered 15% (= BEAT)
Partly delivered
- Million Minds Phase 1 Leasing 60-65% → 55% under active discussion (= PARTIAL)
Missed
- Million Minds Phase 1 completion July 2026 → Not yet operational in current call (= MISS)
- EBITDA Margin ~80% → delivered 39.3% (= MISS)
Investor Presentation filed with BSE, NSE: GANESHHOU. Summary written with AI assistance from the document.
Ganesh Housing Ltd: key numbers
- Share price
- ₹633.90
- Market cap
- ₹5,286 Cr
- Revenue (annual)
- ₹511.4 Cr
- Net profit (annual)
- ₹316.3 Cr
- P/E (TTM)
- 23.6×Sector 38.0×
- Promoter holding
- 73.06%+0.00% QoQ
- FII holding
- 0.55%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ganesh Housing Ltd
All →Ganesh Housing Earnings Call Transcript: Key Takeaways
Management re-affirmed its bold annual guidance despite sequential revenue pressure, relying heavily on a back-ended Q4 project completion cycle.
- Call
- Guides 148% growth
Ganesh Housing Investor Presentation: Key Takeaways
Q2 FY27 revenue INR 1,213 Mn, EBITDA INR 979 Mn (80.7% margin), PAT INR 669 Mn. Revenue down 30% YoY. Million Minds IT SEZ Phase 1 nearing completion, ~70% leasable area tied up.
Ganesh Housing Other Announcement
Ganesh Housing appointed R N Pathak & Co. as internal auditor from 1 November 2026. It replaces Purnesh R Mehta & Co, which resigned 22 October 2026.
- Execution
- 5 months, effective 1 November 2026
Ganesh Housing Management Change
Ganesh Housing approved unaudited half-year results to September 2026. It also appointed R N Pathak & Co. as internal auditor for FY2026-27.
Ganesh Housing Board Meeting Date
Ganesh Housing Limited has scheduled a board meeting on October 30, 2026, to consider and approve standalone and consolidated financial results for the quarter.
Ganesh Housing Management Change
Ganesh Housing's internal auditor, Purnesh R. Mehta and Co., resigned effective October 22, 2026, citing health issues. The company is seeking a new appointment via its Audit Committee.