Ganesh Housing Corporation Limited — Investor Meet, 23-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Q1 FY26 saw revenue at INR 151 Cr (-30% YoY) and PAT at INR 93 Cr, with strong EBITDA margins at 85%. Management expects better performance ahead. Malabar Retreat (premium residential) is 43% constructed with 30% units booked, anticipating stronger Q2 momentum. Million Minds SEZ Phase 1 is 80% leased, with lease income starting Q3/Q4 FY26. One Thaltej commercial project construction begins late Q2, projected for INR 2,100 Cr revenue. Godhavi Township contributed most Q1 income, selling 10 acres from its 450-acre parcel. Management remains optimistic about Ahmedabad's real estate, targeting 30% bottom-line CAGR, backed by negligible debt and robust cash.