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Ganesh Housing Corporation Ltd.

BSE: 526367 Sector: Infrastructure
NSE: GANESHHOUC ISIN Code: INE460C01014
BSE 00:00 | 03 Feb 342.80 17.40
(5.35%)
OPEN

337.95

HIGH

345.50

LOW

306.00

NSE 00:00 | 03 Feb 343.50 18.75
(5.77%)
OPEN

334.00

HIGH

345.45

LOW

304.95

OPEN 337.95
PREVIOUS CLOSE 325.40
VOLUME 20120
52-Week high 406.00
52-Week low 174.05
P/E 97.39
Mkt Cap.(Rs cr) 2,859
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 337.95
CLOSE 325.40
VOLUME 20120
52-Week high 406.00
52-Week low 174.05
P/E 97.39
Mkt Cap.(Rs cr) 2,859
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ganesh Housing Corporation Ltd. (GANESHHOUC) - Chairman Speech

Company chairman speech

Dear Shareholders

I do not take lightly the privilege and responsibility to report on our this yearsprogress and accomplishment and the priorities which lie before us. That said we will notreturn to normal we are on to the next normal. We continued to pivot and flex withsuccess in 2021-22 a year that brought disruption and heightened uncertainty andchallenge for many of us and a number of great successes and prospects for the future. Wehave built our company organically and through various mergers and acquisitions giving usthe scale and footprint to effectively serve our clients' safety desires. The result is aleading real estate firm with the iconic Ganesh Housing brand steeped in over 30 years ofleadership. Our recent history has been a period of rapid growth and transformation forour company. Our experienced management team has been focused on integrating companiesdriving operating efficiencies realizing cost savings attracting and retaining talentand improving financial performance.

Financial Highlights

During the year under review total income on a consolidated basis increased to INR38361 Lakhs from INR 17157 lakhs from last year. Our PBT was recorded at INR 9723 Lakhs ascompared to INR (11421) Lakhs last year and our PAT increased to INR 7055 Lakhs in currentfinancial year as opposed to INR (10525) Lakhs last year. We also booked an area of736096 sqft across 4 projects in FY22 with a growth of 14% YOY. Post-Covid setback backto profitability it is recorded highest PAT of INR 7055 Lakhs in current fiscal year amonglast 5 years.

In the face of disruptions of every kind we sold a record 85% of our new project. We

served our customers fostered a productive and safe work community for our people andutilized the benefits of our flexible and strong balance sheet to deliver long-termshareholder value reduced debt levels significantly acquired business.

The amalgamation of business will further help us in

consolidation of the business and Operations impetus to growth enable synergiesand focused management control stronger asset base which will result in bolstering theasset/capital base and balance sheet building capabilities to undertake large projectspooling of resources integration and effective utilization of resources.

While we saw 2021-22 with the Omicron COVID-19 surge the impact was not as destructiveas previous variants.

The Previous year taught us that nothing is certain. The current year has bought usmany risks along with many opportunities. Our diversified and agile approach helps us togrow and emerge from critical risks. Accepting the wave of change we are optimistic aboutfuture with our biggest strength in affordable housing segments and presence acrosscommercial and home automation. We are excited for the post-Covid world with variousredevelopment projects and newer avenues supported by the new land banks.

Opportunities

Markets like Ahmedabad Pune Chennai Hyderabad and Bangalore have seen a steady risein demand for homes and this trend is expected to continue in coming years. The Newresidential projects launch on the outskirts of the city as a result of the expansion ofAhmedabad is considered to be one of the most vibrant areas generating a lot of demand.Benefiting from this trend we are in the right spot with right strategies to deliver onthe customers' expectations. All these new locations will have a greater potential withnew opportunities in redevelopments as well. We remain committed to the health andwellness of our team clients and stakeholders and have implemented a multidimensionalapproach to safeguard health minimise risks and ensure business continuity as wecontinue to monitor the potential impact of COVID-19 and manage our businessesaccordingly.

Closing Note

We take this opportunity to thank all of our stakeholders for their continuedconfidence in us and investment in our company as we remain committed to improving thequality of Ganesh Housing's portfolio and generating continued positive growth for thefuture.

Regards
Dipakkumar G. Patel
( C hairman)

.