Ganesh Housing Ltd
Ganesh Housing Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY27 is expected to be a strong year with significant revenue growth driven by: - Completion and handover of Malabar Retreat (INR450 crores project value), boosting project sales. FY26 was a transition year with moderated financial performance versus exceptional FY25.
From Ganesh Housing Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 is expected to be a strong year with significant revenue growth driven by:
- - Completion and handover of Malabar Retreat (INR450 crores project value), boosting project sales.
- - Continued traction on land sales, a major revenue vertical.
- - Leasing income from Million Minds Phase 1 and further phases of development.
- New project launches anticipated include:
- - Million Minds Phase 2 commercial (expected Q2 FY27) and residential (expected Q3 FY27).
- - One Thaltej project launch guidance expected in Q1 FY27.
- The company plans a balanced capital allocation approach:
- - Prioritize both land acquisition in high-growth markets and project execution.
- Management aims for disciplined growth, transparent governance, and sustainable long-term value creation.
- Guidance on top-line and EBITDA for FY27 to be provided in Q1 FY27 results.
Profitability & Margins
See what Ganesh Housing Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ganesh Housing is focused on a blend of land acquisition and project execution as top priorities for capital allocation over the next 2-3 years, including new project launches and scaling commercial assets, particularly in Million Minds (Phase 2 and 3) and residential projects.
- Recent acquisition of around 7 acres of land and plans for more, including possible parcels in Godhavi, indicating ongoing strategic land investments.
- Capex for upcoming projects like One 91 Thaltej is substantial, with sale value of INR 2,100 crores and estimated costs around INR 1,500 crores (mostly construction cost); most land costs already paid.
- Funding for developments expected primarily from internal accruals and sales revenues; company open to moderate borrowing for the right opportunities.
- No current plans for educational or university purposes in new developments, focusing instead on commercial projects.
- The partnership with Tishman Speyer for Million Minds Phase 1 was completed; consideration for Phase 2 partnership is yet to be evaluated.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Ganesh Housing Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Million Minds Phase 1 has about 60-66% leased/LOI signed; remaining leases expected to close soon following building inauguration.
- Phase 2 of Million Minds commercial project expected to launch in Q2 FY27, with possible earlier commissioning; completion anticipated in 3 years.
- One residential project at Million Minds planned for Q3 FY27 launch.
- Thaltej One project launch clarity expected in Q1 FY27.
- Smile City project development ongoing with some land sales; further development or land monetization to happen in current or next year.
- Land acquisition remains a key priority; about 7 acres acquired recently.
- Company has near-zero net debt and took INR150 crores loan in March 2026 for development opportunities and land acquisition.
- No specific quantified order book or backlog figure disclosed, but strong execution and diversified platform noted.
Ganesh Housing Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹91 Cr, net profit ₹54 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ganesh Housing Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Ganesh Housing Ltd Q4 FY26 results?
FY27 is expected to be a strong year with significant revenue growth driven by: - Completion and handover of Malabar Retreat (INR450 crores project value), boosting project sales. FY26 was a transition year with moderated financial performance versus exceptional FY25.
What is Ganesh Housing Ltd share price analysis?
Ganesh Housing Ltd currently shows a neutral. The stock trades at a P/E of 26.3 with a market cap of ₹6,968 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ganesh Housing Ltd planning capital expenditure?
Ganesh Housing is focused on a blend of land acquisition and project execution as top priorities for capital allocation over the next 2-3 years, including new project launches and scaling commercial assets, particularly in Million Minds (Phase 2 and 3) and residential projects.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.