GANESH HOUSING CORPORATION LIMITED

[CIN:L45200GJ1991PLC015817]
Registered Office: Ganesh Corporate House, 100 Feet Hebatpur-Thaltej Road, Near Sola Bridge, Off S. G. Highway, Ahmedabad-380054
(P :) +91 79 6160 8888 (E :) secretarial@ganeshhousing .coni (W:) www.ganeshhousing .com
STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30/06/2023
Part-I (Rs. In Lakhsl
3 months Preceding 3 CorrespondinQ Year
PARTICULARS ended months ended 3 months ended ended
30-06-2023 31 -03-2023 30-06-2022 31-03-2023
Unaudited Audited Unaudited Audited
I) Revenue from Operations 2,580.28 19,930.85 2,903.87 25 ,167.89

1(11) Other Income 63.54 67.10 1.82 122.55

1(111) Total Income (1+11) 2,643.82 19,997.95 2,905.69 25,290.44

(IV) Expenses
Cost of Materials Consumed 1,022 .74 4,985.81 1,688.83 13,299 ..53
Purchase of Stock in Trade 0.00 0.00 0.00 0.00
Changes in inventories of finished goods.Work-in-Progress and Stock-in-Trade 911.04 986.77 (1392.31) (6760.70)
Employees benefit expenses 408 .83 548 .05 373.78 1,734.56
Finance Costs 34.92 83.25 295.59 762 .52
Depreciation and amortisation expenses 88.16 74.07 61 .86 267.56
Other Expenses 331 .94 398 .44 368.49 1,279.42

Total Expenses (IV) 2,797.62 7,076.41 1,396.24 10,582.91

(V) Profit/(Loss) before Exceptional Items and Tax (Ill-IV) (153.81 12,921.55 1,509.44 14,707.54

(VI) Exceptional Items 0.00 0.00 0.00 0.00

(VII) Profit/(Loss) before Tax (V-VI) (153.81) 12,921.55 1,509.44 14,707.54

(VIII) Tax Expenses

(1) Current Tax 0.00 (2412 .00) (264.00) (2725.00'
(2) Deferred Tax 145.12 (2545.96) (292 .55) (2781 .64'

(IX) Profit/(Loss) from continuing operation (VII-VIII) (8.69) 7,963.59 952 .89 9200.90

1(X) ProfiU(loss) from discontinued operation 0.00 0.00 0.00 0.00

;(XI) Tax expenses of discontinued operation 0.00 0.00 0.00 0.00
i(XII) ProfiU(loss) from discontinued operation after tax (X-XI) 0.00 0.00 0.00 0.00

l(XIII) Net Profit/(Loss) for the period (IX+XII) (8.69) 7,963.59 952.89 9200.90

l(XIV) Other Comprehensive Income

A(i) Items that will not be reclassified to Profit or Loss 0.00 0.00 0.00 0.00
I (ii) Income tax relating to Items that will not be reclassified to Profit or Loss 0.00 0.00 0.00 0.00
B(i) Items that will be reclassified to Profit or Loss 0.00 0.00 0.00 0.00
' ii) Income tax relating to Items that will be reclassified to Profit or Loss 0.00 0.00 0.00 0.00

(XV) Total comprehensive income for the period(Xlll+XIV) (8.69) 7,963 .59 952.89 9200.90

Paid up Equity Share Capital (Face Value of Rs.10/- per share) 8,338 .71 8,338.71 8,338 .71 8 ,338.71
Other Equity excludinQ Revaluation Reserve 88 ,001 .08

(XVI) Earning per share (of Rs.10 each) (not annualised)

(for continuing operations)
(a) Basic (0.01) 9.55 1.14 11 .03
(b) Diluted (0.01) 9.55 1.14 11 .03

(XVII) Earning per share (of Rs .10 each) (not annualised)

(for discontinued operations)
(a) Basic 0.00 0.00 0.00 0.00
(b) Diluted 0.00 0.00 0.00 0.00

(XVIII) EarninQ per share (of Rs.10 each) (not annualised)

(for discontinued & continuing operations)
(a) Basic (0.01) 9.55 1.14 11 .03
(b) Diluted (0 .01 9.55 1.14 11.03
 GANESH HOUSING CORPORATION LIMITED
[CIN:L45200GJ1991PLC015817]
Registered Office: Ganesh Corporate House, 100 Feet Hebatpur-Thaltej Road,
Near Sola Bridge, Off S. G. Highway, Ahmedabad - 380 054
(P:) +91 79 6160 8888 (E:) [email protected] (W:) www.ganeshhousing.com

NOTES TO UNAUDITED STANDALONE FINANCIAL RESULTS:

1. The Standalone Financial Results for the three months ended June 30, 2023 were reviewed by the
Audit Committee and have been approved and taken on record by the Board of Directors at their
respective meetings held today.

2. The above financial results have been prepared in accordance with Indian Accounting Standards as
prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian
Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendment
Rules, 2016.

3. The results have been subject to limited review by the statutory auditors of the Company under
Regulation 33 of SEBI (Listing Obligations and Disclo'sure Requirements) Regulations, 2015.

4. During the quarter ended June 30, 2023:

The Company has acquired remaining stake of 22% in Gatil Properties Private Limited ("Gatil") by
acquiring shares from Monsoon India Infrastructure Private Limited . Pursuant to acquisition Gatil
became the Wholly-Owned Subsidiary Company.

5. The Company is primarily engaged in the business of construction of Residential and Commercial
Complexes, which as per IND AS - 108 "Operating Segments" is considered to be the only reportable
segment.

6. Previous period figures have been regrouped and reclassified, where necessary, to make them
comparable with current quarter figures.

On behalf of the Board

For G.ANESH HOUSING COR~MITED

PLACE: AHMEDABAD SHEKHAR G. PATEL

DATE: JULY 18, 2023 MANAGING DIRECTOR & CEO
[DIN: 00005091]
 C~ J J M PARIKH & ASSOCIATES
CHARTERED ACCOUNTANTS
---------------------------------------------------------------------------
8 - 705, 7TH FLOOR, NIRMAN COMPLEX, OPP: HAVMOR RESTAURANT,
NAVRANGPURA, AHMEDABAD-380 009. PHONE: 26563949, 26569093
E-mail: [email protected]

Independent Auditors' Review Report on Unaudited Standalone Quarterly Financial Results of the
Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended )

REVIEW REPORT TO
TO THE BOARD OF DIRECTORS OF
GANESH HOUSING CORPORATION LIMITED

1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of

GANESH HOUSING CORPORATION LIMITED ("the Company') for the quarter ended 30th June,
2023. This Statement being submitted by the Company pursuant to the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
('the Regulations')

2. This statement which is responsibility of the company's management and has been approved by the
company's Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial
Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant
rules issued there under and other accounting principles generally accepted in India read with the
Circular. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on ·Review Engagements
(SRE) 2410, "Review of interim Financial Information Performed by the Independent Auditor of the
Entity" issued by the Institute of Chartered Accountants of India. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with Standards on Auditing and consequently does not enable
us to obtain assurance that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as stated above, nothing has come to our attention that causes us to
believe that the accompanying Statement, prepared in accordance with recognition and measurement
principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the
Companies Act, 2013, as amended, read with relevant rules issued there under and other accounting
principles generally accepted in India, has not disclosed the information required to be disclosed in
terms of the Regulation , read with th~ Circular, including the manner in which it is to be disclosed, or
that it contains any material misstatefment.

FOR, J M PARIKH& ASSOCIATES

CHARTERED ACCOUNTANTS
FRN. - 118007W.

cfc{ttV\ ~(~
PLACE: AHMEDABAD
DATE: 18/07/2023
JATIN PARIKH
PARTNER
MEM. NO: - 033811
UDIN: 23033811 BGXHAl3214
J. M. PARIKH & ASSOCIATES
CHARTERED ACCOUNTANTS
7th Floor, B/705, Nirman Complex,
Opp. Hjivmor ft!Stiurant,
Navrangpura, AHMEDABAD-9.
V
 GANESH HOUSING CORPORATION LIMITED
[CIN:L45200GJ1991 PLC015817]
Registered Office: Ganesh Corporate House, 100 Feet Hebatpur-Thaltej Road, Near Sola Bridge, Off S. G. Highway, Ahmedabad-380054
(P :) +91 79 6160 8888 (E :) [email protected] (W:) www.ganeshhousing.com

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30/06/2023
Part-I (Rs. In Lakhs)
3 months Preceding 3 Corresponding Year
PARTICULARS ended months ended 3 months ended ended
30-06-2023 31-03-2023 30-06-2022 31-03-2023
Unaudited Audited Unaudited Audited
(I) Revenue from Operations 27,044.98 17,929 .97 4 ,251 .77 61 ,634.78

(II) Other Income 100.28 370.57 16.89 447.31

(Ill) Total Income (1+11) 27,145.26 18,300.54 4,268.66 62,082.09

(IV) Expenses
Cost of Materials Consumed 1,270.83 8,862 .77 1,777.66 41 ,398.36
Purchase of Stock in Trade 0.00 0.00 0.00 0.00
Chanqes in inventories of finished Qoods,Work-in-Proqress and Stock-in-Trade 3,375.24 (2073 .88) (781.17) (8574.90)
Employees benefit expenses 433.29 570 .02 375 .64 1,764.78
Finance Costs 97.80 164.87 436.94 1,348 .37
Depreciation and amortisation expenses 92.69 78 .51 61 .86 272 .00
Other Expenses 370.81 460.01 387.57 1,868.23

Total Expenses (IV) 5,640.66 8,062.30 2,258.51 38,076.84

(V) Profit/(Loss) before Exceptional Items and Tax (Ill-IV) 21,504.59 10,238.24 2,010.15 24,005.25

(VI) Exceptional Items 0.00 0.00 0.00 0.00

(VII) Profit/(Loss) before Tax (V-VI) 21 ,504.59 10,238.24 . 2,010.15 24,005.25

-
(VIII) Tax Expenses
(1) Current Tax (5514.15) (1450.00 (264.00) (6180.00)
(2) Deferred Tax 143.10 (4845.86) (435.25) (7609.89)

;(IX) Profit/(Loss) from continuing operation (VII-VIII) 16,133.54 3,942.38 1,310.91 10,215.36

i(X) ProfiU(loss) from discontinued operation 0.00 0.00 0.00 0.00

l(XI) Tax expenses of discontinued operation 0.00 0.00 0.00 0.00
l(XII) ProfiU(loss) from discontinued operation after tax (X-XI) 0.00 0.00 0.00 0.00

(XIII - A) Net Profit/(Loss) after tax before share of Profit/(Loss) of associates

16,133.54 3,942 .38 1,310.91 10,215.36
(IX+XII)

l(XIII - B} Share of ProfiU(Loss} of associates 0.00 0.00 0.00 0.00

l(XIV) Net Profit/(Loss) for the period (XIII - A+ XIII - Bl 16,133.54 3,942.38 1,310.91 10,215.36

l(XV) Other Comprehensive Income for the period

A(i) Items that will not be reclassified to Profit or Loss 0.00 0.00 0.00 0.00
(ii) Income tax relating to Items that will not be reclassified to Profit or Loss 0.00 0.00 0.00 0.00
B(i} Items that will be reclassified to Profit or Loss 0.00 0.00 0.00 0.00
(ii) Income tax relating to Items that will be reclassified to Profit or Loss 0.00 0.00 0.00 0.00

(XVI) Total comprehensive income for the period(XIV+XV) 16,133.54 3,942.38 1,310.91 10,215.36

Paid up Equity Share Capital (Rs.10/- per share) 8,338 .71 8,338 .71 8,338 .71 8,338 .71
Other Equity excludinQ Revaluation Reserve 1,02 ,618 .22

(XVII - A)Net Profit/(Loss) for the period attributable to:

-· -- - - - ------ -·- ---
Owners of the holding company 16,133.54 4,650.09 1,311 .33 10,007.71
Non Controlling Interest (707.71) (0.42) 207.65

(XVII - B)Other Comprehensive Income for the period attributable to:

Owners of the holdinQ company 0.00 0.00 0.00 0.00
Non Controlling Interest 0.00 0.00 0.00 0.00

(XVII - C) Total comprehensive income for the period attributable to:

Owners of the holdinQ company 16,133.54 4,650.09 1,311 .33 10,007.71
Non Controlling Interest - (707.71 (0.42) 207 .65

(XVIII) Earning per share (of Rs.10 each) (not annualised)

(for continuing operations)
(a) Basic 19.35 4.73 1.57 12.25
(b) Diluted 19.35 4.73 1.57 12.25

(XIX) Earning per share (of Rs.10 each) (not annualised)

(for discontinued operations)
(a) Basic 0.00 0.00 0.00 0.00
(b) Diluted 0.00 0.00 0.00 0.00

l(XX) Earning per share (of Rs.10 each) (not annualised)

l(for discontinued & continuing operations)
(a} Basic 19.35 4.73 1.57 12.25
(bl Diluted 19.35 4.73 1.57 12.25
 GANESH HOUSING CORPORATION LIMITED
[CIN:L45200GJ1991PLC015817]
Registered Office: Ganesh Corporate House, 100 Feet Hebatpur-Thaltej Road,
Near Sola Bridge, Off S. G. Highway, Ahmedabad - 380 054
(P:) +91 79 6160 8888 (E:) [email protected] (W:) www.ganeshhousing.com

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL RESULTS:

1. The Consolidated Financial Results for the three months ended June 30, 2023 were reviewed by the
Audit Committee and have been approved and taken on record by Board of Directors at their
respective meetings held today.

2. The above financial results have been prepared in accordance with Indian Accounting Standards as
prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian
Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendment
Rules, 2016.

3. The results have been subject to limited review by the statutory auditors of the Company under
Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

4. During the quarter ended June 30, 2023:

The Company has acquired remaining stake of 22% in Gatil Properties Private Limited ("Gatil") by
acquiring shares from Monsoon India Infrastructure Private Limited. Pursuant to acquisition Gatil
became the Wholly-Owned Subsidiary Company.

5. The Company and its subsidiaries are primarily engaged in the business of construction of
Residential and Commercial Complexes, which as per IND AS - 108 "Operating Segments" is
considered to be the only reportable segment.

6. Previous period figures have been regrouped and reclassified, where necessary, to make them
comparable with current quarter figures.

On behalf of the Board

For GANESH HOUSING CORPORATIO MITED

PLACE: AHMEDABAD SH KHAR G. PATEL

DATE: JULY 18, 2023 MANAGING DIRECTOR & CEO
[DIN: 00005091]
 L~ J J M PARIKH & ASSOCIATES
CHARTERED ACCOUNTANTS
---------------------------------------·------------
8- 705, 7TH FLOOR, NIRMAN COMPLEX, OPP: HAVMOR RESTAURANT,
NAVRANGPURA, AHMEDABAD-380 009. PHONE: 26563949, 26569093
E-mail: [email protected]
-------------------------------------------------------------------
Independent Auditors' Review Report on Unaudited Consolidated Quarterly Financial Results of the
Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended)

REVIEW REPORT TO
TO THE BOARD OF DIRECTORS OF
GANESH HOUSING CORPORATION LIMITED

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of

GANESH HOUSING CORPORATION LIMITED ("the Parent') and its Subsidiaries (the parent and its
subsidiaries together referred to as "the Group") for the quarter ended 30th June, 2023. This
Statement being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the
Regulations').

2. This statement which is responsibility of the parent's management and has been approved by the
Parent's Board of Directors, has been prepared in accordance with the recognition and measurement
principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting"
prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules
issued there under and other accounting principles generally accepted in India read with the Circular.
Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410, "Review of interim Financial Information Performed by the Independent Auditor of the
Entity". issued by the Institute of Chartered Accountants of India. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with Standards on Auditing and consequently does not enable
us to obtain assurance that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.

4. We also performed procedure in accordance with the circular issued by the SEBI under Regulation
33(8) of the regulations, to the extent applicable.

5. The statement includes the result of the following entities:-

1. Madhukamal Infrastructure Private Limited 2. Gatil Properties Private Limited
3. Million Minds Techspace Private Limited
 (¼ J J M PARIKH & ASSOCIATES
CHARTERED ACCOUNTANTS
------------ ·-------------------------------- ------------
B- 705, 7TH FLOOR, NIRMAN COMPLEX, OPP: HAVMOR RESTAURANT,
NAVRANGPURA, AHMEDABAD-380 009. PHONE: 26563949, 26569093
E-mail: [email protected]
----------------------------------------------------------------
6. Based on our review conducted as stated above, nothing has come to our attention that causes us to
believe that the accompanying Statement, prepared in accordance with recognition and measurement
principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the
Companies Act, 2013, as amended, read with relevant rules issued there under and other accounting
principles generally accepted in India, has not disclosed the information required to be disclosed in
terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or
that it contains any material misstatement.

FOR, J M PARIKH& ASSOCIATES

CHARTERED ACCOUNTANTS
FRN. - 118007W.
PLACE: AHMEDABAD
DATE: 18/07/2023 cfq1\lt\ !~{ ~
JATIN PARIKH
PARTNER
MEM. NO: - 033811
UDIN: 23033811 BGXHAJ8425

J. M. PARIKH & ASSOCIATES

CHARTERED ACCOUNTANTS
7th Floor, 8/705. Nirmiin .Complex,
Opp. Hiivmor ftestaurant,
Navrangpuri, AHMEDABAD-9.