Realty company Ganesh Housing Corporation announced Q3FY23 results: Q3FY23 vs 9MFY23: 9MFY23 revenue at Rs 4,378 million, grew 91% YoY vs Rs 2,293 million in 9MFY22 EBITDA 48% higher at Rs 475 million in Q3FY23; 9MFY23 EBITDA grew 82% at Rs 1,514 million PAT growth of 22% to Rs 303 million in Q3FY23; 9MFY23 PAT grew 38% at Rs 627 million Deleveraging the company - From a peak debt of Rs 6,500 million, the company has become net debt free Finance cost reduced by more than 60% or Rs 179 million in 9MFY23, compared to 9MFY22 Collections stood at Rs 307 million in Q3FY23 Result PDF
Ganesh Housing Corporation announced Q2FY23 results: Revenue came in at Rs 3,278 million, grew 344% YoY v/s Rs 739 million in Q2FY22 EBITDA 164% higher at Rs 788 million in Q2FY23 vs EBITDA of Rs 298 million in Q2FY22 PAT improved 27% to Rs 193 million in Q2FY23 vs Rs 152 million in Q2FY22 Deleveraging the company - From a peak debt of Rs 6,500 million, the net debt now stands at Rs 269 million, a drop of 96% due to improved cash flows Strategic Partnership with Tishman Speyer for construction of SEZ Development Finance Cost reduced by more than 70 % or Rs 159 million in H1FY23 compared to H1FY22 Collections stood at Rs 221 million in Q2FY23 Result PDF
Realty firm Ganesh Housing Corporation Announced Q1FY23 Result : Booked area of 28,324 sqft across 4 projects in Q1FY23 Value of sales at INR 99 mn in Q1FY23 Collections stood at INR 500 mn in Q1FY23 Revenue came in at INR 427 mn, new projects pipeline to aid growth for upcoming quarters EBITDA 20% higher at INR 251 mn in Q1FY23 vs EBITDA of INR 210 mn in Q1FY22 Leveraging operational efficiencies, EBITDA margins improved to 58.5% in Q1FY23 vs 26.5% in Q1FY22 External Debt reduced by 84% in last 3.25 years, stands at INR 1,060 mn; on course to reduce further Construction of ongoing projects ahead of schedule, on track for early delivery Finance Cost reduced by more than 66% or INR 86 mn during the year Result PDF