Ganesh Housing Corporation Limited — Investor Meet, 17-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ganesh Housing has announced a board meeting to consider the financial results for the quarter and half-year.

Ganesh Housing delivered record FY25 with revenues at ₹994 Cr (+11% YoY), EBITDA ₹813 Cr (+29%), and PAT ₹598 Cr (+30%). Margins expanded to 81.8% (EBITDA) and 60.2% (PAT). Q4 EBITDA and PAT grew 47% and 46% YoY. The company declared ₹5/share dividend, maintains zero debt, and holds ₹157 Cr cash post-capex.

Malabar Retreat project is 30% complete with bookings expected post-July. IT SEZ Phase 1 nears completion with 70% leasable area under LOIs; commercial operations targeted Q2 FY26. Phase 2 SEZ launch expected Q3 FY26. Godhavi township saw 18 acres monetized, with launches planned around Q3 FY26.

Management’s FY26 focus: execution excellence, revenue diversification, capital discipline. Annual land acquisitions continue (~17 acres) in Ahmedabad’s premium micro markets. SEZ leasing yields surpass prior guidance at ₹70-75/sq ft. Outlook is cautiously optimistic on market recovery from July-August with 20-30% PAT growth expected.