Release Date: May 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Ganesh Housing Corp Ltd (BOM:526367) reported its strongest financial performance in history for FY25, with revenue nearing the 1,000 crore mark.
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The company achieved a significant 11% year-on-year revenue growth, reaching 994 crores, and a 29% increase in EBITDA, with margins at 81.8%.
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Net profit surged by 30% to 598 crores, demonstrating strong profitability.
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The company declared a dividend of INR 5 per share, reflecting a dividend payout of about 7 to 8%.
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Ganesh Housing Corp Ltd (BOM:526367) maintained a zero-debt position and a healthy cash balance, providing flexibility for future growth.
Negative Points
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The Q4 growth was relatively slow, with only a 2% increase from Q3, attributed to rising interest rates and market uncertainty.
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Pre-sales for the Malabar Retreat project were slower than expected, reflecting broader market sluggishness.
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The company has been cautious with new project launches due to current market conditions, delaying aggressive expansion plans.
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Despite strong interest, the leasing process for the Million Minds commercial project is still ongoing, with 30% of the leasable area yet to secure tenants.
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There is a cautious outlook on the real estate market, with expectations of improvement only around July to August 2025.
Q & A Highlights
Q: Can you provide an update on the Malabar Retreat project and its pre-sales status? A: The Malabar Retreat project is progressing well, with construction being the current focus. Pre-sales have been slower, reflecting market conditions, with about 10-15% pre-sales achieved. However, with the sample flat now ready, we expect bookings to increase from next month. Our target is to have 80% of the flats pre-booked by the end of FY26. Unidentified_3 (CFO)
Q: What is the revenue growth outlook for the next year? A: We aim to maintain a growth rate of 20-30% year-on-year in terms of the bottom line. While revenue growth can vary slightly, we are confident in sustaining this growth trajectory into the next fiscal year. Unidentified_3 (CFO)
Q: How many acres of land were acquired in FY25, and what are the plans for these acquisitions? A: We acquired approximately 17 acres of land in FY25 in strategic locations. These acquisitions are part of our ongoing strategy to secure land in high-potential areas, which will be integrated into our future development plans. Unidentified_3 (CFO)