Q1 FY1 5 RESULTS PRESENTATI ON PRESENTATI ON August 2 0 1 4 August,2 0 1 4
OVERVI EW FI NANCI AL HI GHLI GHTS PROJECTS I NFORMATI ON 3 D View s 3 D Vi SAFE HARBOUR This report includes forward looking statements covered by Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal years as shown above could differ materially from company's current expectation. The company undertakes no obligation to revise or update forward looking statements as a e co pa y u de ta es o ob gat o to e se o update o a d oo g state e ts as a result of new esu t o e information since these statements may no longer be accurate or timely.
OVERVI EW
GHCL OVERVI EW Over 4 3 years of experience 1 7 .5 m illion Sq.Ft. of residential developm ent com pleted 1 7 .5 m illion Sq.Ft. of residential developm ent com pleted I NR 2 .8 8 Billion in Annual revenue in FY1 4 1 .7 0 m illion Sq.Ft. of residential developm ent in progress 0 5 4 m illion Sq Ft of com m ercial developm ent in progress 0 .5 4 m illion Sq.Ft. of com m ercial developm ent in progress Developable land area w ith the com pany as on 3 0 th June, 2 0 1 4 is approx. 6 1 4 acres w ithin Ahm edabad. i hi Ah d b d 2 6 .0 6 m illion Sq.Ft. of residential and com m ercial developm ent w ill take place in 6 1 4 acres over the period of 8 -1 0 years.
Q 1 FI NANCI AL YEAR 2 0 1 4 -1 5 HI GHLI GHTS Net sales have increased from Rs.4 4 1 .1 2 3 Million to Rs.5 8 7 .1 9 5 Million an increase of 3 3 .1 1 % . Expenses have increased from Rs 2 1 1 3 5 3 Million to Rs 2 9 5 6 6 6 Million Expenses have increased from Rs. 2 1 1 .3 5 3 Million to Rs. 2 9 5 .6 6 6 Million an increase of 3 9 .8 9 % . EBI TDA has increased from Rs. 2 4 8 .8 5 2 Million to Rs. 3 2 6 .3 4 1 Million an increase of 3 1 .1 3 % . Tax Expenses has increased from Rs.( -2 2 .0 4 8 ) m illion to Rs.( -4 4 .3 3 2 ) Million an increase of 1 0 1 .0 7 % Net profit after tax from operations has increased from Rs. 6 7 .3 8 2 Million to Rs. 1 0 5 .4 6 9 Million ,an increase of 5 6 .5 2 % , Earnings per share has increased from Rs. 2 .0 6 per share to Rs. 3 .2 3 per share, an increase of 5 6 .7 9 %
Q1 FY 2 0 1 5 PERFORMANCE( CONSOLI DATED) Q1 FY 2 0 1 5 ( Rs. Q1 FY 2 0 1 4 ( Rs. Particulars in Millions) in Millions) Sales and operating income 587.195 441.123 Other operating income 27.033 12.649 Total income l 614.228 453.772 EBITDA 326.341 248.852 Profit before tax f b f 169.213 88.214 Profit after tax 124.880 66.166 Minority interest (19.411) 12.16 105.469 105.469 67.382 67.382 Net Profit Net Profit
Q1 FY 2 0 1 5 FI NANCI AL ANALYSI S ( CONSOLI DATED) Particulars Q4 FY 2 0 1 5 Q4 FY 2 0 1 4 EBITDA / Total / Income 53.13% 54.84% PBIT Margin % 51.86% 53.42% PAT Margin % 17.17% 14.85% Earning Per E i P Share (EPS) – 3.23 2.06 Rs. RONW RONW 1.53% 1.53% 1.04% 1.04% Net Debt / 0.44 0.53 Equity Ratio Avg Borrowing Avg. Borrowing 18.30% 17.70% Cost
DEBT DETAI LS FOR FY 2 0 1 5 FOR FY 2 0 1 5 AS ON FOR FY 2 0 1 3 AS ON TYPE OF LOAN 3 0 th JUNE,2 0 1 4 3 0 th JUNE,2 0 1 3 3 0 JUNE,2 0 1 4 3 0 JUNE,2 0 1 3 SECURED LOAN SECURED LOAN 3 0 3 8 2 4 3 0 3 8 .2 4 3 3 9 3 5 9 3 3 9 3 .5 9 UNSECURED LOAN UNSECURED LOAN 2 3 1 6 2 2 3 1 .6 2 2 2 0 4 6 2 2 0 .4 6 TOTAL DEBT 3 2 6 9 .8 6 3 6 1 4 .0 5 Hence , debt decreased by Rs.3 4 4 .1 9 m illions in Q1 FY 2 0 1 5 as com pared to Q1 FY 2 0 1 4 .
NOTE ON PLEDGE SHARES AS ON 3 0 th JUNE,2 0 1 4 , THE TOTAL SHARES PLEDGED BY THE PROMOTERS FOR AVAILING THE CORPORATE BY THE PROMOTERS FOR AVAILING THE CORPORATE LOAN FOR THE COMPANY IS 1,68,42,596 i.e. 91.66 % OF THE TOTAL PROMOTER HOLDING IN THE COMPANY . THESE SHARES ARE NOT PLEDGED AS PRI MARY SECURI TY, AGAINST THE CORPORATE LOAN TAKEN BY THE COMPANY BUT THESE SHARES PLEDGED AS SECONDARY SECURITY .
PROJECTS
All Projects Map
ONGOI NG PROJECTS UPDATE ( Residential) 1 ) SUNDARVAN EPI TOME The project was launched on January 2013 and the details of the The project was launched on January, 2013 and the details of the development are as follows: - SI ZE OF EACH TOTAL NO. OF APARTMENT I N APARTMENT I N DEVELOPMENT DEVELOPMENT APARTMENTS Sq.Ft. I N Sq.Ft. TYPE 1 - 4 ,8 5 5 Sq.Ft. TYPE 2 – 4 ,9 2 8 Sq.Ft. 4 6 Luxurious 2 ,3 4 ,4 7 6 Apartm ents TYPE 3 – 4 ,9 5 4 Sq.Ft. TYPE 4 – 9 ,3 9 6 Sq.Ft. The price rate per sq. ft. is Rs 7200/ Sq.Ft. Presently, 100% of the project is booked.
ONGOI NG PROJECTS UPDATE ( Residential) 2 ) MADHUBAN HI LLS ( Nathdw ara – Rajasthan) The project was launched on 8 th June, 2014 and the details of the The project was launched on 8 June, 2014 and the details of the development are as follows: - TOTAL SI ZE OF EACH ROW SI ZE OF EACH ROW NO. OF ROW HOUSES DEVELOPMENT I N HOUSE I N Sq.Ft. Sq.Ft. A TYPE - 5 5 ,4 3 0 , A TYPE A TYPE - 2 4 1 0 Sq.Ft. 2 4 1 0 Sq Ft Sq.Ft. B TYPE -1 5 6 5 SQ. B TYPE – 2 ,8 6 ,3 9 5 2 2 8 ( I NCLUSI VE OF TYPE FT. SQ. FT. Q A AND TYPE B) ) PLOT AREA RANGI NG FROM 7 5 6 Sq.Ft. TO 2 9 4 0 SQ. FT. Rate per sq. ft. for land is Rs 2625/ Sq.Ft. and for building is Rs.1870/ Sq.Ft
ONGOI NG PROJECTS UPDATE ( Residential) 3 ) MALABAR COUNTY ( CHHARODI ) The project was launched on March 2013 and the details of the The project was launched on March 2013, and the details of the development are as follows: - SI ZE OF EACH SI ZE OF EACH TOTAL DEVELOPMENT TOTAL DEVELOPMENT NO. OF APPARTMENTS APARTMENT I N Sq.Ft. I N Sq.Ft. 3 BHK – 1 4 8 2 Sq.Ft. 3 BHK 1 4 8 2 Sq.Ft. 2 BHK – 1 1 6 7 Sq.Ft. 6 0 0 NOS. ( I NCLUSI VI E 7 ,5 1 ,0 7 2 Sq.Ft. OF ALL TYPES) 2 BHK – 1 1 6 8 Sq.Ft. 2 BHK – 1 1 3 3 Sq.Ft. The project is 93% booked and the average realization rate is Rs.2700 / Sq.Ft .
ONGOI NG PROJECTS UPDATE ( Residential) 4 ) MALABAR COUNTY – 2 ( Tragad) The project was soft launched on Oct 2013, and the details of the development are as follows: - SI ZE OF EACH TOTAL DEVELOPMENT NO. OF APPARTMENTS APARTMENT I N Sq.Ft. I N Sq.Ft. 4 4 2 ( I NCLUSI VI E OF ALL 3 BHK – 1 5 3 0 – 1 7 0 1 6 8 1 ,5 8 8 Sq.Ft. TYPES) TYPES) Sq Ft Sq.Ft. The project is 35% booked and the average booking rate p j g g is Rs. 2750 / Sq.Ft.
ONGOI NG PROJECTS UPDATE ( Com m ercial) MAGNET CORPORATE PARK The project consists of total 6 31 081 sq The project consists of total 6,31,081 sq. ft.( ft ( Saleable) of Saleable) of commercial space.ie. 23 nos. of individual corporate house 8,287 sq. meter of Land in this project is sold to INTAS Pharma for their own corporate house at approx. Rs. 80 Crores The project was soft launched on Oct-2011 and till the end of the quarter 40% of the total space is booked Total unsold area is 3,78,649 Sq.Ft. and the approx. avg. price rate is Rs 6000 / Sq Ft rate is Rs. 6000 / Sq.Ft
ONGOI NG PROJECTS UPDATE ( Com m ercial) MALABAR COUNTY-2 ( COMMERCI AL) The project consists of total 38,473 Sq.Ft.(Saleable) of commercial space.ie. 60 nos. of individual shops No. of units on ground floor = 30 No. of units on first floor = 28 The project was soft launched on Oct 2013 and the average booking rate per Sq.Ft. is Rs. 7000.
Total Un-sold I nventory Till 3 0 th June, 2 0 1 4 Residential segm ent Malabar county – 52,575 Sq.Ft. worth Rs.14 cr. Madhuban hills – 3,34,990 Sq.Ft. worth of Rs.80 cr Total unsold area ( Residential) – 3 ,8 7 ,5 6 5 Sq.Ft. worth of Rs . 9 4 cr. Com m ercial segm ent Com m ercial segm ent Magnet Corporate Park – 3,78,649 Sq.Ft. worth of Rs. 208 cr Total unsold area (Commercial) – 3 ,7 8 ,6 4 9 Sq.Ft.worth Rs. 2 0 8 cr. TOTAL SALE VALUE OF UNSOLD I NVENTORY= Rs.3 0 2 cr.
COMPANY OUTLOOK New projects such as Malabar county, Sundarvan Epitome, Magnet Corporate Park and Madhuban Hills have been launched in last 30 months. Total saleable area of the above mentioned projects is 1 8 ,4 2 ,9 7 7 Sq.Ft. The cost and sales details of these projects are ti d j t i 1 8 4 2 9 7 7 S Ft Th t d l d t il f th j t as under The Company has estimated a total construction cost of Rs 2 1 5 6 m illions for The Company has estimated a total construction cost of Rs.2 1 5 6 m illions for Malabar County ,Sundarvan Epitome, Magnet Corporate Park and Madhuban hills projects. Till the end of this quarter, we have incurred Rs.1 2 3 6 .3 7 m illions towards the construction cost of the above mentioned projects. Remaining Rs. 9 1 9 .6 3 m illions will be spent over the period of 2-3 years The Total sales value of Malabar county, Sundarvan Epitome, Magnet Corporate Park and Madhuban hills projects is Rs. 6 4 0 0 m illions . Out of which we have booked sales of Rs. 3 3 8 5 .3 4 m illions . Remaining sales of Rs. 3 0 1 4 .6 6 m illions is likely to be booked in coming 2-3 years .
CURRENT PROJECTS 3 D VI EW S OF 3 D VI EW S OF
Malabar County – I I ( Residential Project 3 BHK Apartm ents w ith Com m ercial Spaces) 3D View
Malabar County – I I ( Residential Project 3 BHK Apartm ents w ith Com m ercial Spaces) 3D View 3D View
Malabar County - I ( Residential Project 2 & 3 BHK Apartm ents 3D View
Magnet Corporate Park ( I ndividual Corporate Houses & offices) 3D View
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