Conference Call with Ganesh Housing Corporation Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Ganesh Housing Corporation Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Realty company Ganesh Housing Corporation announced Q2FY24 results:<br><br>1. Company Overview:<br>- Ganesh Housing Corporation Limited (GHCL) is a leading real estate developer based in Ahmedabad, Gujarat.<br>- The company has a strong track record and is known for its transparency, trust, and high-quality projects.<br>- GHCL has a diverse portfolio of residential and commercial projects, with a focus on providing innovative and sustainable spaces.<br><br>2. Financial Performance:<br>- Q2FY24 revenue was Rs 1,641 million, compared to Rs 3,278 million in Q2FY23, representing a decrease due to market conditions.<br>- Q2FY24 EBITDA grew 55% YoY at Rs 1,221 million, and PAT grew 346% YoY to Rs 860 million.<br>- The company has remained debt-free since FY19, with a strong balance sheet and a cash surplus of Rs 773 million.<br><br>3. Ongoing Projects and Future Plans:<br>- GHCL is developing Million Minds Phase 1, an IT SEZ project, which is currently underway and expected to be completed by March 2026.<br>- The company has a strong pipeline of residential projects, including Smile City 1 and 2, and a township project with a total sales value of approximately Rs 1,37,500 million.<br><br>4. Strategic Partnership with Tishman Speyer:<br>- GHCL has entered into a strategic partnership with Tishman Speyer, a global real estate player, for the marketing of Million Minds Phase 1.<br>- This collaboration will leverage Tishman Speyer's expertise and network to enhance the commercial success of the project.<br><br><br><br><br><br>Result PDF
Conference Call with Ganesh Housing Corporation Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.