DSIJ Mindshare

GHCL has one of the largest developable land banks in the city, with more than 50 million sq. ft. of space, containing a possible development area of 100 million sq. ft. GHCL specializes in the residential sector, with a focus on the mid and higher-income segment of the market. It has entered the commercial, retail, and township formats of the industry.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 281.39 points or 0.42 per cent.

On Thursday, shares of the company surged by more than 3 per cent and made an intraday high of Rs 10.23.

The net sales increased by 33.94 per cent to Rs 251.67 crore, operating profit increased by 51.75 per cent to Rs 44.63 crore and net profit increased by 57.24 per cent to Rs 30.15 crore in Q1FY24 over Q1FY23. In FY23, the net sales increased by 25.04 per cent to Rs 973.98 crore and net profit increased by 7.34 per cent to Rs 176.27 crore compared to FY22.

According to the financials, the net sales rose by 2.02 per cent to Rs 42.54 crore and EBITDA increased by 128 per cent to Rs 3.04 crore in H2FY23 over H2FY22. The company reported a net profit of Rs 1.64 crore in H2FY23 compared to Rs 4.78 crore in H2FY22. The net sales increased by 3.36 per cent to Rs 85.50 crore and EBITDA increased by 48.14 per cent to Rs 4 in FY23 over FY22.