Ganesh Housing Q1 FY26: Profits Are Skyrocketing, But Why Are Sales Doing Yoga Nidra?
1. At a Glance
Ganesh Housing, Gujarat’s old-school real estate boss, just posted an ₹93 Cr Q1 profit. ROE is flying at 35%, debt has practically vanished, and OPM has entered the stratosphere (85%). But… sales fell 29% YoY. This company builds towers, not consistency.
2. Introduction with Hook
If Ambuja makes cement, Ganesh Housing makes empires—quietly, in Ahmedabad. It’s the kind of stock your CA cousin mentions once at a wedding and then ghosts you till it hits 5x.
22+ mn sqft delivered, 35 mn sqft upcoming.
Q1 FY26 Net Profit: ₹93 Cr
OPM: 85% (yes, even Zomato isn’t that profitable delivering your paneer wrap)
3. Business Model (WTF Do They Even Do?)
Real Estate Dev: Residential & commercial spaces (mostly in Gujarat)
