| Management target | Revenue 148.0% FY27 |
|---|
| Revenue growth | H1 revenue ₹402 Cr; Q2 revenue down YoY vs high base. |
|---|---|
| Margins | EBITDA margin recovered to 80.7% in Q2 after high-cost base Q1. |
| Order book | Malabar Retreat 87% complete; Million Minds Tower 1 68% leased. |
| Demand visibility | Strong end-user demand in Ahmedabad; luxury segment growing rapidly. |
| Management confidence | Confident, re-affirming full-year guidance despite back-ended H2 schedule. |
Growth
H1 revenue reached ₹402 Cr; Q2 revenue of ₹121 Cr driven entirely by land sales.
Outlook
Re-affirmed FY27 guidance: ₹1,000–1,200 Cr revenue and ₹300–325 Cr PAT.
Risks
Heavy reliance on Q4 completions for Ind-AS revenue recognition; increasing regional unsold inventory.
Last quarter's promises, checked
Delivered
- ~510 acres fully paid land bank → 513 acres fully paid (= BEAT)
Partly delivered
- FY27 revenue ₹1,000–1,200 Cr → H1 ₹402 Cr (= PARTIAL)
- FY27 PAT ₹300–325 Cr → Q1 ₹42 Cr; latest ₹67 Cr (= PARTIAL)
- Malabar completion on schedule, 83% → 87% (= PARTIAL)
Missed
- Full Million Minds leasing in 2–3 months → 68% Tower 1 leased (= MISS)
Earnings Call Transcript filed with NSE, NSE: GANESHHOU. Summary written with AI assistance from the document.
Ganesh Housing Ltd: key numbers
- Share price
- ₹654.65
- Market cap
- ₹5,459 Cr
- Revenue (annual)
- ₹511.4 Cr
- Net profit (annual)
- ₹316.3 Cr
- P/E (TTM)
- 24.4×Sector 37.1×
- 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 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.
Ganesh Housing Merger & Restructuring
Ganesh Housing Limited announces an NCLT-convened equity shareholders meeting on November 27, 2026, to approve the Scheme of Arrangement with Gatil Properties Private Limited.