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