Ganesh Housing Corporation Ltd's Q3FY25 Quarterly Results

Result Summary

• Ganesh Housing Corporation Ltd reported a 5.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 44.0%.
• Its expenses for the quarter were up by 30.4% QoQ and 2.3% YoY.
• The net profit increased 1.5% QoQ and increased 59.9% YoY.
• The earnings per share (EPS) of Ganesh Housing Corporation Ltd stood at 19.3 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Ganesh Housing Corporation Ltd is a company involved in the real estate industry, primarily focusing on residential and commercial property development. The company's activities encompass the acquisition, development, and sale of real estate assets, with a significant presence in the Indian market. As part of its product and service offerings, Ganesh Housing Corporation Ltd develops residential apartments, commercial complexes, and townships. The company is known for its strategic land acquisition and development initiatives, catering to a diverse client base. Detailed information about any recent major developments or strategic initiatives is not available from the data provided.

Revenue

For the third quarter of the fiscal year 2025 (Q3FY25), Ganesh Housing Corporation Ltd reported a total income of ₹264.09 crores. This reflects a quarter-over-quarter (QoQ) growth of 5.8% from ₹249.69 crores in Q2FY25, and a substantial year-over-year (YoY) increase of 44.0% from ₹183.34 crores in Q3FY24. The consistent growth in revenue over these periods indicates an upward trend in the company's income generation capabilities. The increase in total income over the specified periods highlights the company's growing market presence and potential expansion in its revenue streams.

Profitability

Ganesh Housing Corporation Ltd's profitability metrics for Q3FY25 show a profit before tax of ₹215.27 crores, which marks a 1.4% increase from ₹212.24 crores in Q2FY25, and a notable 58.7% rise from ₹135.61 crores in Q3FY24. After accounting for taxes, the company achieved a profit after tax of ₹160.84 crores in Q3FY25, up by 1.5% QoQ from ₹158.48 crores, and an impressive 59.9% YoY increase from ₹100.56 crores. The earnings per share (EPS) for Q3FY25 stood at ₹19.30, improving by 1.6% from ₹19.00 in the previous quarter and showing a significant YoY growth of 59.5% from ₹12.10. These figures indicate a strong profitability position for the company during the quarter.

Operating Metrics

The total expenses for Ganesh Housing Corporation Ltd in Q3FY25 amounted to ₹48.82 crores, reflecting a 30.4% increase from ₹37.44 crores in Q2FY25, and a slight YoY increase of 2.3% from ₹47.74 crores in Q3FY24. The company's tax expenses in Q3FY25 were ₹54.43 crores, incrementally up by 1.2% from ₹53.76 crores in Q2FY25 and 55.3% higher than ₹35.05 crores in Q3FY24. These operating metrics suggest a rise in both operating and tax expenses compared to previous periods, which aligns with the increased revenue and profitability figures. The financial data provides a snapshot of the company's cost management and tax obligations during the quarter.