Q4 2026 Ganesh Housing Ltd Earnings Call Transcript
Key Points
- Ganesh Housing Ltd (BOM:526367) reported a sequential revenue growth of 33% in Q4 FY26, reaching INR122 crores.
- The company maintained strong EBITDA margins of 80.7% and PAT margins of 50% for Q4 FY26.
- Ganesh Housing Ltd (BOM:526367) has a robust balance sheet with low gearing, supported by strong internal accruals and valuable land reserves.
- The Million Minds Tech City project achieved a significant milestone with the inauguration of its first phase, showing strong leasing traction.
- The company has a large strategic land reserve of approximately 518 acres in Ahmedabad, positioning it well for future growth.
- FY26 financial performance was lower compared to the exceptionally strong FY25, reflecting economic and geopolitical challenges.
- The company has faced delays in project launches, such as One 91 Thaltej, affecting market share and financial performance.
- Increased construction costs and project delays are emerging challenges for Ganesh Housing Ltd (BOM:526367).
- The company has been hesitant to provide guidance on top-line and EBITDA numbers for FY27, causing uncertainty among investors.
- Dividend payout has decreased significantly from previous years, with a current payout of 15%, down from 110% in FY24.
Ladies and gentlemen, good day, and welcome to the Ganesh Housing Limited Q4 FY26 earnings conference call hosted by Go India Advisors. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rajat Gupta from Go India Advisors. Thank you, and over to you, sir.
Yes. Thank you, (inaudible). Good afternoon, everyone, and welcome to Ganesh Housing Limited earnings call to discuss the Q4 and FY26 results.
We have on the call with us today, Mr. Rajendra Shah, Chief Financial Officer; Mr. Neeraj Kalawatia, Vice President Finance; and Mr. B. Ravi, Corporate and Financial Adviser. We must remind you that the discussion on today's call may include certain forward-looking statements and must be, therefore, viewed in conjunction with the risk that the company faces.
I now request Mr. B. Ravi to take us through the company's business outlook and financial highlights, subsequent to which we'll open the floor for Q&A. Thank you, and over to you,
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