Ganesh Housing Limited has released the transcript of their Q4 FY26 Earnings Conference Call, which took place on June 01, 2026. The call discussed the company's financial performance for the quarter and year ended March 31, 2026, as well as its business outlook and strategic advancements. During FY26, the company focused on transitioning into a more integrated development platform, expanding across commercial, residential, township, and annuity-led businesses. Despite a moderation in financial performance compared to the exceptionally strong FY25, driven by global economic and geopolitical challenges, the company highlighted operational and strategic progress. Key projects like Million Minds Tech City and Malabar Retreat are progressing well. The company also noted the positive real estate market trends in Ahmedabad and Gujarat, including infrastructure development, premium housing demand, and the GIFT City ripple effect. Financially, for Q4 FY26, Ganesh Housing reported revenues of ₹122 crore (a sequential growth of 33%), EBITDA of ₹98 crore (80.7% margin), and PAT of ₹61 crore (50% margin). For the full year FY26, revenue stood at ₹539 crore and PAT at ₹316 crore. The Board of Directors recommended a dividend of 15% (₹1.5 per share). Significant project updates include the inauguration of the first phase of Million Minds Tech City, with 60-65% of its leasable area already leased or under finalization, expecting annual lease revenues of approximately ₹75 crore. The Malabar Retreat project is 79% complete, with bookings of ₹175 crore against a project value of ₹450 crore. The One 91 Thaltej project is in advanced planning stages. The company also holds a substantial land bank of approximately 518 acres. Looking ahead to FY27, the company anticipates increased revenue from lease rentals of Million Minds, completion of Malabar Retreat, and further land monetization. Management expressed confidence in future growth, supported by their strategic land bank and evolving business model.
