Ganesh Housing Reports Q2 Results, Approves Subsidiary Merger

Ganesh Housing Limited, a prominent player in the Indian real estate sector, has announced financial results for the quarter ended September 30, along with a strategic move to streamline its corporate structure.

Financial Performance

The company reported consolidated financial results for Q2:

Metric	Q2 (Rs. in Lakhs)	Q2 Previous Year (Rs. in Lakhs)	YoY Growth
Revenue from Operations	17,421.18	23,722.35	-26.56%
Net Profit	10,808.94	15,848.20	-31.80%
EPS (Basic & Diluted)	12.96	19.01	-31.82%

Despite a year-on-year decline in revenue and profit, Ganesh Housing has maintained its financial position.

Half-Yearly Performance

For the first half of the fiscal year, Ganesh Housing reported:

Consolidated revenue from operations of Rs. 32,501.80 lakhs
Net profit of Rs. 20,115.40 lakhs
Earnings per share (EPS) of Rs. 24.12

Subsidiary Merger Approved

The Board of Directors has approved a scheme of amalgamation with its wholly-owned subsidiary, Gatil Properties Private Limited. Key points of the merger include:

Appointed date: April 1
Rationale: Simplify corporate structure, achieve economies of scale, and consolidate operational capabilities
Regulatory approvals: The scheme requires sanction from the National Company Law Tribunal
Financial impact: No cash or share consideration involved as Gatil Properties is wholly-owned by Ganesh Housing
Shareholding: The company's shareholding pattern will remain unchanged post-merger

Management Commentary

Shekhar G. Patel, Managing Director & CEO of Ganesh Housing Limited, stated, "Our Q2 results reflect the company's foundation and operational efficiency. The proposed merger with Gatil Properties aligns with our strategy to streamline operations and enhance shareholder value. We are confident that this consolidation will strengthen our market position and drive future growth."

Potential Benefits of Amalgamation

The amalgamation is expected to bring several benefits to Ganesh Housing, including:

Simplified corporate structure
Enhanced operational synergies
Improved financial flexibility
Better leveraging of assets and credit lines

As the real estate sector continues to evolve, Ganesh Housing's strategic moves may position it for growth in the coming quarters.

Ganesh Housing Corp, a prominent player in the real estate sector, has reported a decline in its financial performance for the second quarter of the fiscal year. The company's results reflect challenges in the current market environment.

Financial Highlights

Metric	Q2 FY2026	Q2 FY2025	YoY Change
Revenue	₹1.70 billion	₹2.40 billion	-29.17%
EBITDA	₹1.48 billion	₹2.02 billion	-26.73%
EBITDA Margin	84.94%	85.39%	-45 bps
Net Profit	₹1.08 billion	₹1.60 billion	-32.50%

Revenue and Profitability

Ganesh Housing Corp experienced a significant decrease in revenue, which fell to ₹1.70 billion in Q2 FY2026 from ₹2.40 billion in the same period last year, marking a 29.17% decline. This reduction in top-line performance has had a cascading effect on other financial metrics.

EBITDA and Margins

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q2 FY2026 stood at ₹1.48 billion, down from ₹2.02 billion in Q2 FY2025, representing a 26.73% decrease. Despite the overall decline, Ganesh Housing Corp managed to maintain a high EBITDA margin, albeit with a slight decrease. The EBITDA margin for the quarter was 84.94%, compared to 85.39% in the same quarter of the previous year, showing a marginal decline of 45 basis points.

Net Profit

The consolidated net profit for Q2 FY2026 decreased to ₹1.08 billion from ₹1.60 billion in the corresponding quarter of the previous year, indicating a 32.50% reduction. This decline in profitability aligns with the overall decrease in revenue and EBITDA.

Company Outlook

While the financial results show a decline across key metrics, it's important to note that Ganesh Housing Corp continues to maintain high profit margins despite the challenging environment. The company's ability to sustain an EBITDA margin of over 84% in the face of reduced revenue suggests operational efficiency and cost management efforts.

The real estate sector often experiences cyclical trends, and these results may reflect broader market conditions rather than company-specific issues. Investors and stakeholders will likely be watching closely to see how Ganesh Housing Corp adapts its strategies to navigate the current market dynamics and return to growth in the coming quarters.