Q1 2025 Ganesh Housing Corp Ltd Earnings Call Transcript
Key Points
- Ganesh Housing Corp Ltd (BOM:526367) completed the Malabar Retreat exotic project ahead of schedule, resulting in significant revenue booking.
- The company expects a 30% to 35% growth in PAT over FY24, indicating strong financial performance.
- Ganesh Housing Corp Ltd (BOM:526367) has maintained a strong financial position with surplus cash flows despite significant CapEx in ongoing projects.
- The Ahmedabad residential market has shown significant resilience and growth, with Ganesh Housing actively contributing to this sector's growth.
- The company has a robust pipeline of projects, including the phased launch of the Mines residential project and the commercial project One Country, expected to generate substantial revenue.
- Revenue for Q1 FY25 was lower than the corresponding first quarter of FY24, which was an exceptional quarter.
- The company faces challenges in booking revenues from new projects until they are completed, affecting short-term financial results.
- There is a dependency on land sales for revenue, which can lead to fluctuations in financial performance.
- The completion of new projects like Malabar Retreat is expected to take at least 2.5 years, delaying revenue realization.
- The company has significant ongoing CapEx requirements, which could strain financial resources if not managed carefully.
Ladies and gentlemen, good day, and welcome to Ganesh housing Corporation Limited Q1 FY25 earnings conference call hosted by Go India Advisors. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rajat Gupta from Go India Advisors. Thank you. And over to you, Mr. Gupta.
Yes. Thank you, Michelle. Good afternoon, everyone, and welcome to Ganesh Housing Corporation Limited earnings call to discuss the Q1 FY25 results. You have on the call with us today, Mr. Rajendra Shah, Chief Financial Officer, Mr. Neeraj Kalawatia, our Senior Vice President, Finance, and Mr. B. Ravi, Corporate and Financial Advisors.
We must remind you that the discussion on today's call may include certain forward-looking statements and must be, therefore viewed in conjunction with the risk that the company faces.
I now request Mr. B Ravi to take us through the company's business outlook and financial highlights, subsequent to which we'll open the floor for Q&
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