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.
Ganesh Housing reported Q1 FY27 revenue of INR 2,802 Mn (130% QoQ growth) and PAT of INR 420 Mn. Management is pivoting towards land monetization and completing the Million Minds IT SEZ project.
Ganesh Housing reported FY26 revenue of ₹539cr and PAT of ₹316cr, characterized as a 'transition year' moving from a land-rich developer to an integrated commercial and residential platform.
Ganesh Housing is pivoting from a land-heavy developer to an integrated platform, using land monetization and new IT-SEZ rental income to stabilize volatile project-based earnings.
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.