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27 Years
4.4 Star
1 Crore +
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.
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Profit Before Tax (PBT):
- Q3FY24: Rs 1,356 million, up 224% from Q3FY23.
- 9MFY24: Rs 4,703 million, a 242% increase from 9MFY23.
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Profit After Tax (PAT):
- Q3FY24: Rs 1,006 million, a 232% growth YoY.
- 9MFY24: Rs 3,479 million, representing a 455% increase YoY.
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Earnings Per Share (EPS):
- Q3FY24: Rs 12.06, a significant jump of 231% from Q3FY23.
- 9MFY24: Rs 41.72, a 455% growth over 9MFY23.
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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.
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