Conference Call with Ganesh Housing Corporation Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Realty company Ganesh Housing Corporation announced Q3FY24 & 9MFY24 results: Financial Performance Summary: Revenue: Q3FY24: Rs 1,833 million, a 172% increase from Q3FY23. 9MFY24: Rs 6,188 million, a 41% year-over-year growth. Profit Before Tax (PBT): Q3FY24: Rs 1,356 million, up 224% from Q3FY23. 9MFY24: Rs 4,703 million, a 242% increase from 9MFY23. Profit After Tax (PAT): Q3FY24: Rs 1,006 million, a 232% growth YoY. 9MFY24: Rs 3,479 million, representing a 455% increase YoY. Earnings Per Share (EPS): Q3FY24: Rs 12.06, a significant jump of 231% from Q3FY23. 9MFY24: Rs 41.72, a 455% growth over 9MFY23. EBITDA and Margin: Q3FY24: Rs 1,386 million with an EBITDA Margin of 75.6%. 9MFY24: Rs 4,777 million with a 77.2% EBITDA Margin. Debt Position: The company remains debt-free, with a significant reduction from a peak of Rs 6,486 million in FY19. Cash Position: A strong balance sheet with Rs 552 million in cash surplus as of Q3FY24. Project Updates: Million Minds IT SEZ: Phase 1 construction is underway with approx. 30% completion, with an aim for preliminary discussions with Tishman Speyer for marketing. Malabar Retreat: A groundbreaking ceremony was held, and the project's launch is targeted for Q4FY24. Strategic Outlook: The company has a forward plan for developing 30 msf of infrastructure and special projects with an estimated total sales value of approx. Rs 1,46,500 million over the coming years. Result PDF
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: 1. Company Overview: - Ganesh Housing Corporation Limited (GHCL) is a leading real estate developer based in Ahmedabad, Gujarat. - The company has a strong track record and is known for its transparency, trust, and high-quality projects. - GHCL has a diverse portfolio of residential and commercial projects, with a focus on providing innovative and sustainable spaces. 2. Financial Performance: - Q2FY24 revenue was Rs 1,641 million, compared to Rs 3,278 million in Q2FY23, representing a decrease due to market conditions. - Q2FY24 EBITDA grew 55% YoY at Rs 1,221 million, and PAT grew 346% YoY to Rs 860 million. - The company has remained debt-free since FY19, with a strong balance sheet and a cash surplus of Rs 773 million. 3. Ongoing Projects and Future Plans: - GHCL is developing Million Minds Phase 1, an IT SEZ project, which is currently underway and expected to be completed by March 2026. - 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. 4. Strategic Partnership with Tishman Speyer: - GHCL has entered into a strategic partnership with Tishman Speyer, a global real estate player, for the marketing of Million Minds Phase 1. - This collaboration will leverage Tishman Speyer's expertise and network to enhance the commercial success of the project. Result PDF
Conference Call with Ganesh Housing Corporation Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Realty company Ganesh Housing Corporation announced Q1FY24 results: Q1FY24 Revenue grew 536% YoY and 48% QoQ to Rs 2,715 million Q1FY24 EBITDA growth of 765% YoY and 107% QoQ at Rs 2,170 million Highest ever quarterly PAT of Rs 1,613 million in Q1FY24 (equivalent to full FY23 PAT in one quarter) grew 1131% YoY and 309% QoQ Highest ever quarterly PBT of Rs 2,150 million in Q1FY24 with YoY growth of 970% Company continues to remain debt free from a peak debt of Rs 6,500 million in FY19 Strong balance sheet with Rs 1,890 million cash surplus Million Minds Phase 1 (IT SEZ) of 1.3 million construction underway nearing 7% completion Result PDF
Realty company Ganesh Housing Corporation announced Q4FY23 & FY23 results: Q4FY23 revenue grew 18% YoY to Rs 1,830 million; FY23 revenue at Rs 6,208 million, grew 61% YoY EBITDA was 100% higher YoY at Rs 1,048 million in Q4FY23; FY23 EBITDA grew 89% at Rs 2,563 million PAT growth of 56% YoY to Rs 394 million in Q4FY23; FY23 PAT grew 45% at Rs 1,022 million Highest ever PBT of Rs 2,401 million in FY23 with YoY growth of 147% The company becomes debt free from a peak debt of Rs 6,500 million in FY19 A strong balance sheet with Rs 3,250 million cash surplus Completed acquisition of balance minority stake in subsidiary (Gatil) from US-based Monsoon Capital for upcoming township Million Minds Phase 1 (IT SEZ) of 1.3 construction underway; strategic partnership with Tishman Speyer for the project development Highest ever total net cashflow of Rs 3,103 million in FY23, v/s (48 million) in FY22 Result PDF