ALFA Finder| Management target | Revenue 257.0% FY27 |
|---|
| Revenue growth | 130% QoQ growth; 280 Cr revenue includes major land monetization. |
|---|---|
| Margins | Margins moderated due to higher cost basis of amalgamated land assets. |
| Demand visibility | Strong visibility for premium residential and commercial spaces in Ahmedabad. |
| Management confidence | Balanced; optimistic on Ahmedabad growth but defensive on high tax impact. |
Growth
Revenue grew 86% YoY to 280 Cr, driven by the Thaltej land sale and progress in Malabar Retreat.
Outlook
FY27 Revenue guidance of 1,000-1,200 Cr and PAT of 300-325 Cr.
Risks
High one-time tax burden on land sales and concentrated project dependency in the Ahmedabad market.
Last quarter's promises, checked
Delivered
- Million Minds Phase 1 inauguration → Completed May 17 (= BEAT)
- Debt-free status → Maintained zero net debt (= BEAT)
- Dividend payout → 15% (1.5 INR/share) declared (= BEAT)
Partly delivered
- Million Minds Phase 1 leasing → 60-65% vs 100% target (= PARTIAL)
Missed
- Malabar Retreat 100% completion → 79% complete (= MISS)
Earnings Call Transcript 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.