Ganesh Housing Limited reported a rise in H1 revenue to Rs 401.22 crore but saw consolidated net profit dip to Rs 108.84 crore. The company is progressing with a scheme of arrangement with Gatil Properties, scheduled for a shareholder vote on November 27, 2026.
Ganesh Housing Reports Mixed H1 FY27 Financial Results
Revenue from operations reached Rs. 401.22 crore for the half-year ended September 30, 2026. Consolidated Net Profit stood at Rs. 108.84 crore, down from Rs. 201.15 crore in the year-ago period.
Reader Takeaway: Standalone revenue growth highlights operational scaling, while consolidated profit pressures warrant closer evaluation of bottom-line margins.
What just happened
Ganesh Housing has released its unaudited financial results for the half-year ended September 30, 2026. While the company recorded strong top-line growth at the standalone level—with revenue jumping to Rs. 304.88 crore from Rs. 108.03 crore last year—consolidated net profit saw a contraction. The company also announced a change in internal auditors, with M/s. R N Pathak & Co. taking over from Purnesh R Mehta & Co. effective November 01, 2026.
Scheme of Arrangement
The company is moving forward with a proposed Scheme of Arrangement involving Gatil Properties Private Limited. Having secured no-objection letters from both NSE and BSE, the firm has filed an application with the NCLT. A crucial meeting for equity shareholders is set for November 27, 2026, to vote on the proposal. Management noted that current financial results do not include any impact from this arrangement.
What to track next
Investors should closely track the outcome of the November 27 shareholder meeting, as the Scheme of Arrangement could influence future corporate structure and financial reporting. Additionally, the market will likely focus on whether the standalone momentum can stabilize consolidated margins in upcoming quarters.