Ganesh Housing Corporation witnessed a downturn in its financial performance for Q1 FY26, with shares slipping 4.03% to Rs939.70 following a notable dip in profitability. The company’s consolidated net profit declined 18.25% year-on-year to Rs93.06 crore, while net sales dropped 29.57% to Rs150.81 crore, compared to the same quarter last fiscal.
Profit before tax (PBT) fell 17.8% YoY to Rs125.54 crore, and EBITDA came in at Rs128 crore, down 17.74% from Rs155.6 crore a year ago. Despite reduced revenues, total expenses tumbled 62.56% YoY to Rs25.42 crore, primarily driven by a significant cut in material costs, which fell 45.47% to Rs15.28 crore. However, employee benefits expense rose 17.54% year-on-year, reaching Rs4.79 crore, adding pressure to the bottom line.
Ganesh Housing, known for its portfolio across residential, commercial, and infrastructure projects, faces a challenging quarter amid shifting cost dynamics and subdued sales. The results reflect a mixed operational landscape, with cost controls offsetting revenue contractions but not fully shielding overall profitability.
