Ganesh Housing LimitedQ1 FY27 Results & Financial Update

Ganesh Housing Limited: Q1 FY27 consolidated results and company financials – revenue ₹279.93 Cr, PAT ₹41.96 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: GANESHHOUPublished 21 Oct 2026Updated 21 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹279.93 CrReported Q1 FY27
Profit after tax₹41.96 CrReported Q1 FY27
EPS₹5.03Reported Q1 FY27

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Quarterly Results AnalysisExplore Ganesh Housing Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Ganesh Housing Limited reported consolidated total income from operations of INR 279.93 crore for the quarter ended June 30, 2026, alongside total income of INR 280.19 crore.

02

Profit before tax (PBT) for Q1 FY27 reached INR 104.86 crore, reflecting robust operational execution during the period.

03

Profit after tax (PAT) for the quarter stood at INR 41.96 crore, resulting in a basic and diluted earnings per share (EPS) of INR 5.03.

04

Tax expenses for the quarter were recorded at INR 62.90 crore, impacting the net profit conversion from pre-tax earnings.

05

Finance costs for the quarter were contained at INR 3.85 crore, while depreciation and amortization expenses stood at INR 1.32 crore.

06

Other income contributed a modest INR 0.25 crore to the top-line performance during the three-month period.

07

On a standalone basis, the company reported revenue from operations of INR 274.11 crore, with a pre-tax profit of INR 103.18 crore and a net profit after tax of INR 45.69 crore for Q1 FY27.

08

Profit before tax (PBT) for the first quarter of fiscal year 2027 stood at INR 104.86 crore, driven by real estate project execution and operational realisations.

01 · Business model

What does Ganesh Housing do?

Ganesh Housing Limited (formerly known as Ganesh Housing Corporation Limited) is an established real estate development and construction company headquartered in Ahmedabad, Gujarat.

The company focuses primarily on large-scale residential and commercial real estate projects, leveraging its strategic land bank along key corridors such as the S.G. Highway in Ahmedabad.

Its operations encompass land acquisition, architectural planning, project execution, and asset management, serving retail and institutional property buyers across Gujarat.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹279.93 Cr
Total income₹280.19 Cr
Profit before tax₹104.86 Cr
Profit after tax₹41.96 Cr
EPS₹5.03

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 15.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 37.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.25 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Consolidated Revenue from Operations

Generated INR 279.93 crore in revenue from operations on a consolidated basis for Q1 FY27.

Standalone Revenue from Operations

Standalone revenue from operations reached INR 274.11 crore for the quarter ended June 30, 2026.

Other Income

Contributed INR 0.25 crore to the consolidated total income for the period.

Project Operations

Consolidated revenue from operations reached INR 279.93 crore for Q1 FY27, underpinned by residential and commercial real estate sales and project completions.

Other Income

Other income contributed a modest INR 0.25 crore to the total consolidated income of INR 280.19 crore during the quarter.

What drove margins

Finance Costs

Consolidated finance costs were reported at INR 3.85 crore for the quarter.

Depreciation

Depreciation and amortization expenses accounted for INR 1.32 crore.

Tax Burden

Consolidated tax expense stood at INR 62.90 crore, representing a significant component between pre-tax and post-tax earnings.

Tax Expense Impact

The company incurred a tax expense of INR 62.90 crore on a pre-tax profit of INR 104.86 crore, resulting in a PAT margin of approximately 14.99% for the quarter.

04 · Segments, products & geography

Which parts of the business are doing the work

Geography and market mix

Ahmedabad Operations

Core operations are anchored in Ahmedabad, Gujarat, particularly around the S.G. Highway and surrounding growth corridors.

Ahmedabad Operations

Operations remain anchored around Ahmedabad, Gujarat, with registered headquarters situated at Ganesh Corporate House on the S.G. Highway.

05 · Reported developments

What changed operationally

Solid Quarterly Profitability

Reported a consolidated pre-tax profit of INR 104.86 crore and a net profit of INR 41.96 crore for Q1 FY27.

Profitable Operations

The company maintained robust profitability in Q1 FY27 with a consolidated net profit of INR 41.96 crore and basic EPS of INR 5.03.

Stable Profitability

The company maintained healthy profitability with a consolidated PBT of INR 104.86 crore and a PAT of INR 41.96 crore for Q1 FY27.

06 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Approval

The unaudited financial results for the quarter ended June 30, 2026, were considered and approved by the Board of Directors at their meeting held on July 24, 2026.

07 · Key Q&A

The quarter, answered directly

What does Ganesh Housing do?

Ganesh Housing Limited (formerly known as Ganesh Housing Corporation Limited) is an established real estate development and construction company headquartered in Ahmedabad, Gujarat.

What is the clearest takeaway from Q1 FY27?

Ganesh Housing Limited reported consolidated total income from operations of INR 279.93 crore for the quarter ended June 30, 2026, alongside total income of INR 280.19 crore.

What drove revenue or demand?

Generated INR 279.93 crore in revenue from operations on a consolidated basis for Q1 FY27.

What mattered most for margins or profitability?

Consolidated finance costs were reported at INR 3.85 crore for the quarter.

What changed operationally beyond the headline numbers?

The unaudited financial results for the quarter ended June 30, 2026, were considered and approved by the Board of Directors at their meeting held on July 24, 2026.

What should the next disclosure help confirm?

Monitor upcoming financial results for Q2 FY27 for sequential operational progression and revenue recognition trends.

08 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

09 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsequent Quarterly Disclosures: Monitor upcoming financial results for Q2 FY27 for sequential operational progression and revenue recognition trends.

  2. 02

    Subsequent Financial Disclosures: Monitor upcoming quarterly disclosures and project execution milestones to track top-line and margin trajectories across subsequent periods of FY27.

  3. 03

    Subsequent Quarter Filings: Monitor upcoming quarterly disclosures for sequential revenue and profit trends as well as progress on ongoing real estate projects.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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