Here's a summary of Ganesh Housing Limited's Q4 and FY26 performance and outlook: **Business Performance:** Q4 FY26 saw strong quarter-on-quarter (QoQ) growth.

Revenue jumped 33% QoQ to INR 1,218 Cr.

EBITDA also rose 31% QoQ to INR 983 Cr, maintaining robust EBITDA margins of 80.7%. Profit After Tax (PAT) grew 14% QoQ to INR 614 Cr, with healthy PAT margins of 50.4%. However, on a Year-on-Year (YoY) basis, both revenue and profit figures for FY26 showed a decline compared to FY25, reflecting ongoing market dynamics. **Growth Drivers & Strategy:** Ganesh Housing is focused on expanding its development pipeline.

A key addition is the "One 91 Thaltej" project, a premium commercial property with 1.8 million sq ft of saleable area.

This project is in the approval stage, with construction expected to begin in Q2 FY27. The company also has a significant land bank of approximately 518 acres in strategic Ahmedabad locations, offering substantial development potential. **Recent Developments:** The company's "Million Mind Tech Park – Phase 1" was inaugurated.

The "Malabar Retreat" project is progressing well, currently at 79% completion. **Key Financial Metrics:** For Q4 FY26, PAT stood at INR 614 Cr, with EPS at INR 7.36. For the full FY26, PAT was INR 3,163 Cr.

The company maintains a low capital gearing ratio, indicating prudent financial management. **Management Commentary / Outlook:** Ganesh Housing is focused on continuous innovation, strengthening its position in commercial and retail segments, and delivering sustainable value.

The company has a clear growth runway with a pipeline of approximately 33 msf over the next decade.

Ahmedabad's real estate market is highlighted as a high-growth opportunity, driven by infrastructure development and its affordability.