Ganesha Ecoverse Reports Significant Losses in Half-Year Results
Ganesha Ecoverse Limited, formerly SVP Housing Limited, reported substantial losses in its unaudited financial results for the half-year ended September 30, 2025. The company posted a standalone loss of Rs. 129.83 lakh, compared to a profit of Rs. 156.95 lakh in the previous year. Consolidated losses reached Rs. 612.03 lakh, including a Rs. 482.20 lakh loss from its associate company. Total income dropped to Rs. 57.69 lakh from Rs. 721.38 lakh. Factors contributing to losses include a significant MTM loss of Rs. 149.48 lakh, no revenue from operations, and poor performance of the associate company. The company's total assets decreased to Rs. 5,545.68 lakh from Rs. 6,150.67 lakh as of March 31, 2025.
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Ganesha Ecoverse Limited , formerly known as SVP Housing Limited, has disclosed substantial losses in its unaudited financial results for the half-year ended September 30, 2025. The company reported concerning figures in both its standalone and consolidated statements.
Standalone Performance
On a standalone basis, Ganesha Ecoverse posted a loss of Rs. 129.83 lakh for the half-year period. This marks a significant downturn compared to the profit of Rs. 156.95 lakh reported in the corresponding period of the previous year. The company's total income saw a sharp decline, dropping to Rs. 57.69 lakh from Rs. 721.38 lakh in the same period last year.
Consolidated Results
The consolidated financial results paint an even more challenging picture. The company reported a consolidated loss of Rs. 612.03 lakh for the half-year. This figure includes a substantial share of loss from its associate company, amounting to Rs. 482.20 lakh.
Key Financial Metrics
| Particulars (Rs. in Lakh) | Standalone (HY 2025) | Consolidated (HY 2025) |
|---|---|---|
| Total Income | 57.69 | 57.69 |
| Total Expenses | 180.85 | 180.85 |
| Profit/(Loss) Before Tax | (123.16) | (605.36) |
| Net Profit/(Loss) | (129.83) | (612.03) |
| EPS (Basic & Diluted) (Rs) | (0.53) | (2.49) |
Factors Contributing to Losses
The company's financial statement reveals several factors contributing to the losses:
Fair Value Loss: A significant MTM (Mark-to-Market) loss of Rs. 149.48 lakh was recorded, adjusting the carrying value of equity shares held as current investments.
Reduced Revenue: The company reported no revenue from operations for the half-year, compared to Rs. 275.03 lakh in the previous comparable period.
Associate Company Performance: The consolidated results were heavily impacted by the share of loss from the associate company, GESL Spinners Private Limited.
Balance Sheet Highlights
As of September 30, 2025, Ganesha Ecoverse's consolidated balance sheet showed:
- Total assets of Rs. 5,545.68 lakh, down from Rs. 6,150.67 lakh as of March 31, 2025.
- Total equity decreased to Rs. 3,474.23 lakh from Rs. 4,086.25 lakh.
- Current assets stood at Rs. 2,516.76 lakh, slightly lower than Rs. 2,639.16 lakh at the end of the previous financial year.
Management Commentary
The company's board of directors, led by Managing Director Sandeep Khandelwal, approved these unaudited financial results on November 14, 2025. The management has not provided specific comments on the performance or future outlook in the released statement.
Auditor's Review
Rajiv Mehrotra & Associates, the company's statutory auditors, conducted a limited review of the financial results. They noted that the consolidated figures include unaudited results of the associate company for the half-year period.
Historical Stock Returns for Ganesha Ecoverse
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -7.89% | -10.21% | -3.62% | -34.73% | +543.01% |
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