Ganesh Housing reports strong Q2 FY26 earnings with revenue growth

Ganesh Housing Limited reported strong financial performance for Q2 FY26, with revenue reaching 1,743 million rupees, a 15% sequential increase. The company achieved an EBITDA of 1,481 million rupees, maintaining high margins of 85%, and a Profit After Tax (PAT) of 1,081 million rupees, translating to a healthy 62% PAT margin. Earnings Per Share (EPS) for the quarter stood at 12.96 rupees.

The company continues to strengthen its project pipeline with the addition of "One 91 Thaltej," a premium commercial project boasting a saleable area of 1.8 msf and an estimated total lifetime revenue of 2,100 crore rupees. This project is in the planning approval stage, with construction slated to begin in the second half of FY26. Ongoing projects, Malabar Retreat and Million Mind Tech Park - Phase 1, are progressing well at 57% and 94% completion, respectively.

Ganesh Housing maintains a strong balance sheet, remaining debt-free for over three years and possessing substantial land reserves of approximately 524 acres. The company's Million Minds IT SEZ – Phase 1, an ESG-certified Platinum project, is attracting significant interest with ~50% of leasable area already under active discussion, and fit-outs expected to commence in Q3 FY26, enabling lease rentals by Q4 FY26.