Ganesh Housing Corporation Reports Q2: Revenue Up by 45.22% Year-on-Year

The comprehensive analytics outlining the performance and outlook of Ganesh Housing Corporation Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Ganesh Housing Corporation Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 45.22 %. However, it did see a marginal increase of 10.78 % from the previous quarter. Expenses decreased slightly by -46.69 % quarter-on-quarter, aligning with the annual decline of -17.32 %. Operating profit, while up 66.81 % compared to last year, faced a quarter-on-quarter increase of 35.84 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 11.05 %, but an expansion of 15.75 % sequentially. Other income rose by 92.07 % compared to the last quarter, despite an annual growth of 1678.46 %. Interest expenses dropped significantly by -9.62 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.3 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.84 %. Profit before tax grew annually by 77.45 % but saw an increase from the preceding quarter by 38.97 %.
Tax expenses as a percentage of profits decreased slightly by -2.76 % compared to last year, with a more notable quarter-on-quarter decrease of -0.14 %. Net profit rose by 84.26 % year-on-year but experienced a 39.21 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 84.38 % but a quarterly rise of 39.27 %. In summary, Ganesh Housing Corporation Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Ganesh Housing Corporation Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 45.22 % year-on-year growth, however, there was a minor increase of 10.78 % from the previous quarter. Expenses decreased by -17.32 % compared to the previous year, with a decrease of -46.69 % quarter-on-quarter. Operating Profit surged by 66.81 % annually, and saw a 35.84 % increase from the last quarter.
Net Profit showed yearly increase of 84.26 %, and experienced a 39.21 % increase from the previous quarter. Earnings Per Share (EPS) rose by 84.38 % annually, however rose by 39.27 % compared to the last quarter. In essence, while Ganesh Housing Corporation Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.