Ganesh Housing Corporation declines on reporting 29% fall in Q1 consolidated net profit
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Ganesh Housing Corporation is currently trading at Rs. 945.60, down by 59.90 points or 5.96% from its previous closing of Rs. 1005.50 on the BSE.
The scrip opened at Rs. 1013.70 and has touched a high and low of Rs. 1024.80 and Rs. 925.00 respectively. So far 22725 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1110.00 on 08-Jul-2024 and a 52 week low of Rs. 362.20 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 1110.00 and Rs. 925.00 respectively. The current market cap of the company is Rs. 7967.22 crore.
The promoters holding in the company stood at 73.06%, while Institutions and Non-Institutions held 0.93% and 26.01% respectively.
Ganesh Housing Corporation has reported net profit of Rs 58.99 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to net loss of Rs 0.09 crore for the same quarter in the previous year. Total income of the company increased by 431.16% at Rs 140.44 crore for Q1FY25 as compared to Rs 26.44 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 29.44% fall in net profit at Rs 113.84 crore for Q1FY25 as compared to Rs 161.34 crore for the same quarter in the previous year. Total income of the company decreased by 18.72% at Rs 220.63 crore for Q1FY25 as compared to Rs 271.45 crore for the corresponding quarter previous year.
