{"id":180125,"date":"2026-02-09T13:19:30","date_gmt":"2026-02-09T18:19:30","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=180125"},"modified":"2026-02-09T13:19:30","modified_gmt":"2026-02-09T18:19:30","slug":"ganesh-housing-slumps-after-q3-earnings-revenue-falls-sharply-yoy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ganesh-housing-slumps-after-q3-earnings-revenue-falls-sharply-yoy\/","title":{"rendered":"Ganesh Housing Slumps After Q3 Earnings; Revenue Falls Sharply YoY"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Stock Reaction &amp; Market Context<\/h2>\n\n\n\n<p>Ganesh Housing Corporation Limited (NSE: GANESHHOU) shares fell in intraday trade following its Q3 FY26 earnings announcement, declining by low-single digits during the session. The stock has remained volatile in recent weeks, tracking weaker quarterly disclosures. It currently trades below its 52-week high levels, reflecting pressure after a strong run through FY25. No analyst upgrades, downgrades, or price-target revisions were reported immediately following the earnings release.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 Financial Performance<\/h2>\n\n\n\n<p>Ganesh Housing reported a sharp year-on-year decline in revenue and profit for the December quarter, primarily due to project execution timing and lower recognition.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue: \u20b9915 million (\u20b991.5 crore), down ~65% YoY<\/li>\n\n\n\n<li>EBITDA: \u20b9753 million<\/li>\n\n\n\n<li>EBITDA Margin: 82.3%<\/li>\n\n\n\n<li>PAT: \u20b9537 million (\u20b953.7 crore)<\/li>\n\n\n\n<li>PAT Margin: 58.7%<\/li>\n\n\n\n<li>EPS: \u20b96.44<\/li>\n<\/ul>\n\n\n\n<p>Despite the steep topline contraction, profitability ratios remained elevated, supported by cost discipline and project mix. Operating margin held broadly stable on a yearly basis. Sequentially, revenue and earnings also declined due to slower project monetisation during the quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">9M FY26 Performance<\/h2>\n\n\n\n<p>For the nine months ended December FY26, the company reported:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue: \u20b94,168 million<\/li>\n\n\n\n<li>EBITDA: \u20b93,514 million<\/li>\n\n\n\n<li>EBITDA Margin: 84.3%<\/li>\n\n\n\n<li>PAT: \u20b92,549 million<\/li>\n\n\n\n<li>PAT Margin: 61.2%<\/li>\n<\/ul>\n\n\n\n<p>On a year-over-year basis, revenue and profit declined, reflecting lower booking recognition versus the high base of the previous year. However, margins expanded due to favourable cost structures and premium project contributions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Operational &amp; Project Updates<\/h2>\n\n\n\n<p>The company maintained its debt-free balance sheet, continuing a position it has held for more than three years.<\/p>\n\n\n\n<p>Key project developments include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Addition of \u201cOne 91 Thaltej\u201d, a premium commercial development with ~1.8 million sq. ft. saleable area and ~\u20b92,100 crore revenue potential.<\/li>\n\n\n\n<li>Million Minds IT SEZ Phase 1 nearing completion, with leasing discussions underway.<\/li>\n\n\n\n<li>Malabar Retreat project progressing toward completion.<\/li>\n<\/ul>\n\n\n\n<p>The firm retains a sizable land bank of over 500 acres to support long-term development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Year-on-Year Context<\/h2>\n\n\n\n<p>The Q3 decline contrasts with the strong performance recorded in the prior fiscal year, when revenue and profit saw robust growth on higher project deliveries, creating a high base effect for FY26 comparisons. Overall, Ganesh Housing\u2019s Q3 FY26 reflected weak revenue recognition but resilient margins and balance-sheet strength, with future growth linked to execution of its commercial and township pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock Reaction &amp; Market Context Ganesh Housing Corporation Limited (NSE: GANESHHOU) shares fell in intraday trade following its Q3 FY26 earnings announcement, declining by low-single digits during the session. The stock has remained volatile in recent weeks, tracking weaker quarterly disclosures. It currently trades below its 52-week high levels, reflecting pressure after a strong run [&hellip;]<\/p>\n","protected":false},"author":2384,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,11809],"tags":[8892,8893],"class_list":["post-180125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-realty","tag-real-estate","tag-real-estate-development"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145465,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-ganesh-housing-corporation-limited-for-q4-fy23\/","url_meta":{"origin":180125,"position":0},"title":"Earnings Summary Of Ganesh Housing Corporation Limited For Q4 FY23","author":"Hardik Bhandare","date":"May 9, 2023","format":false,"excerpt":"Ganesh Housing Corporation Limited is a real estate development company based in Ahmedabad, India. Established in 1991, the company primarily engages in the construction and sale of residential and commercial properties. GHCL has successfully completed various projects, including premium apartments, commercial complexes, plotted developments, and infrastructure projects. The company's projects\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":162530,"url":"https:\/\/alphastreet.com\/india\/ganesh-housing-corporation-ltd-q4fy24-190-rise-in-profits\/","url_meta":{"origin":180125,"position":1},"title":"Ganesh Housing Corporation Ltd Q4FY24; 190% rise in Profits","author":"Divyansh_Kasana","date":"June 26, 2024","format":false,"excerpt":"Ganesh Housing Corporation Limited (earlier known as Ganesh Housing Finance Corporation Limited) is a part of the Ganesh Group founded in 1991. GHCL has built a strong presence in and around Ahmedabad. 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GHCL has built a strong presence in and around Ahmedabad. GHCL has developed and sold over 22 million sq. ft. of real estate space, with another 2.5 million\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-46.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-46.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-46.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-46.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-46.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-46.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157617,"url":"https:\/\/alphastreet.com\/india\/ganesh-housing-corporation-ltd-q2fy24-353-rise-in-profits\/","url_meta":{"origin":180125,"position":3},"title":"Ganesh Housing Corporation Ltd Q2FY24; 353% rise in Profits","author":"Divyansh_Kasana","date":"January 9, 2024","format":false,"excerpt":"Ganesh Housing Corporation Limited (earlier known as Ganesh Housing Finance Corporation Limited) is a part of the Ganesh Group founded in 1991. 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GHCL has built a strong presence in and around Ahmedabad. GHCL has developed and sold over 22 million sq. ft. of real estate space, with another 2.5 million\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-70.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-70.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-70.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-70.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-70.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-70.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":164674,"url":"https:\/\/alphastreet.com\/india\/ganesh-housing-corporation-ltd-q1fy25-29-fall-in-profits\/","url_meta":{"origin":180125,"position":5},"title":"Ganesh Housing Corporation Ltd Q1FY25; 29% fall in Profits","author":"Divyansh_Kasana","date":"October 3, 2024","format":false,"excerpt":"Incorporated in 1991, Ganesh Housing Corporation Ltd is in the business of real estate development in residential and commercial segment and infrastructure projects Financial Results: Ganesh Housing Corporation Ltd reported Revenues for Q1FY25 of \u20b9214.00 Crores down from \u20b9270.00 Crore year on year, a fall of 20.74%. 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