Ganesh Housing Limited reported a standalone net profit of ₹45.69 crore for the quarter ended June 30, 2026, marking a substantial turnaround from the net loss of ₹10.42 crore recorded in the same period of FY25. The company’s consolidated net profit for the quarter was ₹41.96 crore, compared to ₹93.06 crore in Q1FY25. This performance reflects strong revenue recognition in its real estate development business, with standalone revenue from operations jumping to ₹274.08 crore from ₹4.08 crore in the prior year quarter.

The Board of Directors approved the unaudited financial results on July 24, 2026, following a review by the Audit Committee. Statutory auditors J M Parikh & Associates issued a limited review report with an unmodified opinion on both the standalone and consolidated financial statements. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Financial Performance

Standalone revenue from operations surged to ₹274.08 crore in Q1FY26, up from ₹17.27 crore in Q4FY25 and ₹4.08 crore in Q1FY25. Total income for the standalone entity reached ₹274.33 crore. Expenses totaled ₹165.95 crore, driven primarily by changes in inventories of finished goods and work-in-progress, which accounted for ₹135.06 crore. Profit before tax stood at ₹108.38 crore. After tax expenses of ₹62.70 crore (including current tax of ₹62.00 crore and deferred tax of ₹0.69 crore), the net profit from continuing operations was ₹45.69 crore.

On a consolidated basis, revenue from operations was ₹279.93 crore, compared to ₹95.06 crore in Q4FY25 and ₹150.81 crore in Q1FY25. Total income reached ₹280.19 crore. Total expenses were ₹175.33 crore, with inventory changes contributing ₹135.62 crore. Profit before tax was ₹104.86 crore. Tax expenses amounted to ₹62.90 crore, resulting in a net profit after tax of ₹41.96 crore.

Corporate Developments

The Board noted progress on the Scheme of Arrangement between Gatil Properties Private Limited (Transferor Company) and Ganesh Housing Limited (Transferee Company). Approved by the Board on December 5, 2025, under Sections 230 to 232 read with Section 66 of the Companies Act, 2013, the scheme received no adverse observations from stock exchanges on July 06, 2026. The company is currently filing an application before the National Company Law Tribunal (NCLT), Ahmedabad bench. No financial impact has been recognized for this scheme in the current quarter’s results.

What the Numbers Show

The divergence between standalone and consolidated profits highlights the impact of subsidiary operations and intercompany eliminations. While standalone profitability improved dramatically due to high revenue recognition, consolidated earnings declined year-on-year as the base effect from Q1FY25 was higher. The significant portion of expenses attributed to inventory changes suggests that the revenue recognized is largely tied to project completions or stage-based recognition rather than new sales bookings, a common pattern in real estate accounting under Ind AS 115.

Ganesh Housing Corporation Limited will conduct its Q1 FY27 earnings conference call on July 27, 2026, at 4:00 PM IST. The meeting provides a platform for the company's leadership to discuss financial performance for the quarter ended June 30, 2026, with investors and analysts.

The disclosure was made to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The event is being hosted by Go India Advisors to facilitate the interaction.

Senior management, including Chief Financial Officer Mr. Rajendra Shah and Vice President (Finance) Mr. Neeraj Kalawatia, will participate in the call. Other members of the senior management team are also expected to attend to address queries from stakeholders.

Participants are advised to pre-register using the provided Diamond Pass link to avoid wait times. The universal dial-in numbers for the conference are +91 22 6280 1557 and +91 22 7115 8383. Attendees should dial in at least 5 to 10 minutes prior to the scheduled start time.

Conference Call Details

For further information regarding the event, stakeholders may contact Sheetal Khanduja or Rajat Gupta via email at sheetal@goindiaadvisors.com or rajat@goindiaadvisors.com .