Ganesh Housing Limited · NSE:GANESHHOU
Ganesh Housing — Q1 FY27 Earnings Presentation
35 slides from Ganesh Housing's earnings presentation, Jul 24, 2026
Slide 1: Q1 FY27 Earnings Presentation Filing Letter
GANESH ~ HOUSING . . LIMITED ' 1 (formerly known as Ganesh Housing Corporation limited) ISO 9001 :2015 I ISO 14001 :2015 . ISO 45001 :201 8 REF.NO./GHL/AHMD/2026-2027/363E DATE: JULY 24, 2026 To To BSE Limited National Stock Exchange of India Ltd. Corporate Relation Department Exchange Plaza, Phiroz
Slide 2: Ganesh Housing Earnings Presentation Q1 FY27
• • • • •• GANESH - ® HOUSING Ill LIMITED. . , • • • Ganesh Housing • Earnings Presentation Q1 FY27 • • • • • • • •
Slide 3: Disclaimer
This presentation is for information purposes only and does not constitute an offer, Disclaimer solicitation or advertisement with respect to the purchase or sale of any security of Ganesh Housing Limited (the “Company”) and no part of it shall form the basis of or be relied upon in connection with
Slide 4: Q1 FY27 Highlights
Q1 Q1 FY27 FY27 Highlights Highlights
Slide 5: Q1 FY27 Key Financial and Operational Highlights
1i GANESH.=: Q1 FY27 Key Financial and Operational Highlights MOUS,INIG. . LIMITED" Ganesh Housing Corporation Limited is now Ganesh Housing Limited — reflecting a refreshed identity and continued legacy of trust and excellence. Revenue Strong Balance Sheet Q1 FY27 revenue stood at Low capital geari
Slide 6: Q1 FY27 Financial Performance
1i GAN£.$H .=: Q1 FY27 Financial Performance MOUS,INIG. . LIMITED" Particulars (INR Mn) Q1FY27 Q4FY26 Q1FY26 QoQ (%) YoY (%) Revenue 2,802 1,218 1,510 130% 86% EBITDA 1,100 983 1,280 12% (14%) EBITDA Margin (%) 39.3% 80.7% 84.8% (41.4%) (45.5%) PBT 1,049 957 1,255 10% (16%) PAT 420 614 931 (32%) (55
Slide 7: Q1 FY27 Project Updates
Q1 FY27 Project Updates GANESH =-· HOUSUiG- UMITED" Million Minds IT SEZ – Phase 1 (Commercial Project, ~1.4 msf total development, 8.5 lakh sq ft GLA) o ~55% of leasable area already under active discussions / LOIs / EOIs, mainly from • Global Capability Centers (GCCs), • Hybrid workspace providers
Slide 8: Ahmedabad: India's Most Affordable High-Growth Real Estate Market
1i GAN£.$H .=: Ahmedabad : India’s Most Affordable High-Growth Real Estate Market MOUS,INIG. . LIMITED" Ahmedabad’s real estate market is driven by rising project registrations, robust infrastructure like Metro Phase II, and The city has emerged as India’s most its proximity to GIFT City. The city’s
Slide 9: Ongoing Project Update - Million Minds (IT SEZ) Phase 1
1i Ongoing/Completed Project Update - Million Minds (IT SEZ) Phase Status Expected Completion Nearing Completion July - 2026 Construction Area Leasable Area ~1.4 Mn. Sq. Ft. 0.85 Mn. Sq. Ft. Million Mind Phase 1 - project update of ongoing construction work Project cost of the first phase has been f
Slide 10: Million Minds Phase 1 (Site Update)
1i GANESH.=: Ongoing/Completed Project Update - Million Minds Phase 1 (Site Update) l:IOUS,INIG. . LIMITED" 9
Slide 11: Million Minds (IT SEZ): A Landmark Beginning
GAN£.SH.=; 1i Million Minds (IT SEZ) : A Landmark Beginning MOUS,INIG. . LIMITED" Gr GANESH --=- HOUSING ~ LIMITED ' - 1 MILLION MINDS 10
Slide 12: Million Minds (IT SEZ): Landmark Project in High Growing Market
1i GAN£.$H .=: Million Minds (IT SEZ) : Landmark Project in High Growing Market MOUS,INIG. . LIMITED" Prime Location • State of the art, world-class infrastructure facilities on 65 acres of land located at a key location behind Nirma University. • Easy access from SG Highway and SP Ring Road, within
Slide 13: Million Minds (IT SEZ): Landmark Project in High Growing Market
1i GAIIESH.=: Million Minds (IT SEZ) : Landmark Project in High Growing Market l:IOUS,INIG. . LIMITED" 0 01 The first IGBC platinum IT building in Ahmedabad. Indian Green Building Council (IGBC) ConfederaUon of Indian Industry 0 02 Million Minds Tech City is a world-class integrated IT & ITeS develo
Slide 14: Ongoing Project Update: Malabar Retreat (Site Update)
GAN£.SH .=; 1i Ongoing Project Update: Malabar Retreat (Site Update) MOUS,INIG. . LIMITED" Malabar Retreat 13
Slide 15: Finished Project Update - Malabar Exotica
1i GANESH.=: Finished Project Update - Malabar Exotica MOUS,INIG. . LIMITED" r Completed and Booked - 100% Ready for Delivery - Possession Started Construction Technology - Use of Precast J t l EXOOCA E 14
Slide 16: Finished Project Update - Malabar County
1i GAN£.$H .=: Finished Project Update - Malabar County 3 MOUS,INIG. . LIMITED" Completed and Booked - 100% Well Ahead of Time - Delivered Construction Technology - Use of Precast J 15
Slide 17: Malabar Exotica: Project Completed 10 Months Ahead of Schedule
1i GANESH.=: Malabar Exotica : Project Completed 10 Months Ahead of Schedule l:IOUS,INIG. . LIMITED" Malabar Exotica : Milestones achieved over the course of project construction and execution June’21 July’21 June’22 Sep’23 Feb’24 Land of 2 acres Project launched and Significant progress on Structur
Slide 18: Malabar County 3: Project Delivered Within 2.5 Years
1i GANESH.=: Malabar County 3 : Project Delivered Within 2.5 Years l:IOUS,INIG. . LIMITED" Malabar County 3 : Milestones achieved over the course of project construction and execution Oct’20 Feb’21 Feb’22 Sep’22 Feb’23 Land of 2 acres Project launched and Significant progress on Structure work Proje
Slide 19: Creating Landmarks - Lalita Govind Udyan
GAN£.SH .=; 1i Creating Landmarks - Lalita Govind Udyan, Exquisite Sanctuary Spread Across 8 Acres MOUS,INIG. . LIMITED" Inaugurated by Shri Amit Shah, Hon'ble Union Home Minister and Shri Bhupendra Patel, Hon'ble Chief Minister of Gujarat on 30th Sep’23. The facility is located behind Nirma Univers
Slide 20: Lalita Govind Udyan: Key Features
1i GAIIESH.=: Lalita Govind Udyan : Key Features l:IOUS'INIG. . LIMITED" Garden Oasis : Tranquil Lake : Miyawaki Plantation : Meandering Path : Recreational Facilities : Encompassing Serene lake brimming with 40,000 trees grown through the Miyawaki Diverse flora and fauna along the Such as walkways,
Slide 21: Corporate Presentation
Corporate Corporate Presentation Presentation
Slide 22: Snapshot: Strong Fundamentals. Proven Execution. Clear Growth Runway.
GAN£.SH .=; 1i Snapshot : Strong Fundamentals. Proven Execution. Clear Growth Runway. MOUS,INIG. . LIMITED" Way forward : Target of developing Balance Sheet ~31msf of Strengthened : Execution Infrastructure Low capital Excellence : and special gearing ratio, Delivered 23msf projects like What sets u
Slide 23: Vision and Mission
1i GAN£.$H .=: Vision and Mission MOUS,INIG. . LIMITED" Vision -– “To be the most trusted, transparent, and admired real estate developer”. Mission -– “To continuously innovate and use the latest technology to provide high-quality spaces to our customers”. “To set up and build standard processes to
Slide 24: Three Decades of Leadership and Consistent Value Creation
1i GAN£.$H .=: Three Decades of Leadership and Consistent Value Creation MOUS,INIG. . LIMITED" (1991 - 2004) (2004 - 2009) (2009 - 2014) (2014 - 2020) (2021 Onwards) Early Phase & IPO Fund Raising Robust Execution Scaling Up Creating a New High • Incorporated in June • Bonus issue 2:1 (2006). • Deli
Slide 25: Built on Trust; Strengthened by Transparency
1i GAN£.$H .=: Built on Trust; Strengthened by Transparency MOUS,INIG. . LIMITED" Leading residential developer across mid Deep understanding of this market and Consistent transparency from and higher income segment; Enviable its regulations, strong relations with registration to property delivery.
Slide 26: Proven Execution Track Record
1i GAN£.$H .=: Proven Execution Track Record MOUS,INIG. . LIMITED" Maple Tree: Speed of execution to enhance shareholder value Feb’15 Apr’15 Apr’16 Apr’17 Jan’19 Land of Project launched and Significant progress made Construction work Completion ~ 10 acres identified construction start in less than
Slide 27: One of Ahmedabad's Largest, Most Strategically Placed Land Banks
1i GAIIESH.=: One of Ahmedabad’s Largest, Most Strategically Placed Land Banks l:IOUS'INIG. . LIMITED" ~500 acres of 30 - 35msf of land reserves development in strategic potential. locations across Ahmedabad. 01 02 Ability to Rationalize take advantage land reserves in of favourable areas with limit
Slide 28: Our Competitive Edge: Strength in Strategy, Trust, and Execution
1i GAN£.$H.=: Our Competitive Edge: Strength in Strategy, Trust, and Execution MOUS,INIG. . LIMITED" Strategic Project Locations Timely Delivery Future Ready Innovative Planning Strong Brand Equity & Professionally Managed Superior Reputation Top Quality Focused on Deleveraging Infrastructure & I I
Slide 29: Experienced Leadership Driving Sustained Growth
1i GAN£.$H .=: Experienced Leadership Driving Sustained Growth MOUS,INIG. . LIMITED" Dipak Kumar Patel Shekhar Patel Rajendra Shah Chairman MD & CEO CFO Associated with GHL since 1991; leading the land Veteran with an experience of over 31 years; CA & ICWA with an experience of over 31 related matte
Slide 30: Strategic Priorities to Drive the Next Phase of Growth
1i GAN£.$H .=: Strategic Priorities to Drive the Next Phase of Growth MOUS,INIG. . LIMITED" Continuous Innovation Strengthening Position 01 04 i-homes, home automation and digital homes, Being more aggressive towards both commercial ahead of its time. and retail segment, widen customer base across p
Slide 31: Way Forward: Plan, Prepare and Proceed
1i GAN£.$H .=: Way Forward: Plan, Prepare and Proceed MOUS,INIG. . LIMITED" Plan Factoring in the opportunities and assessing the risks of planning our next step of launching new residential & commercial projects. Prepare This is what drives our everyday strategy; prepare for come what may. With var
Slide 32: Consolidated Income Statement (Historical)
1i GAN£.$H .=: Consolidated Income Statement (Historical) MOUS,INIG. . LIMITED" Particulars (INR mn) FY26 FY25 FY24 FY23 FY22 FY21 Revenue 5,385 9,935 8,989 6,208 3,849 1,820 EBITDA 4,497 8,130 6,301 2,563 1,355 (377) EBITDA (%) 83.5% 81.8% 70.1% 41.3% 35.2% (20.7%) Depreciation 65 74 66 27 20 17 EB
Slide 33: Balance Sheet (Historical)
1i GAN£.$H .=: Balance Sheet (Historical) MOUS,INIG. . LIMITED" Particulars (INR mn) FY26 FY25 FY24 FY23 FY22 FY21 Equity Share Capital 834 834 834 834 834 492 Reserves & Surplus 22,478 19,732 14,669 10,262 7,064 4,528 Minority Interest - - - 683 870 871 Shareholder’s Equity 23,312 20,566 15,503 11,
Slide 34: Cash Flows and Ratios (Historical)
1i GAN£.$H .=: Cash Flows and Ratios (Historical) MOUS,INIG. . LIMITED" Particulars (INR mn) FY26 FY25 FY24 FY23 FY22 FY21 Operating Cash Flow excl. WC 4,142 7,793 6,232 2,480 1,341 (658) Working Capital Changes (2,014) (3,694) 146 (2,173) (931) 1,980 Investment Activities (5,432) (3,888) (4,886) 2,
Slide 35: Thank You
• •• •• •• • • • ••• • • • Thank You • • • • • • Rajat Gupta (Go India Advisors) •• rajat@goindiaadvisors.com • • • • • • M: +91 99718 97739