Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31 2026
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Garg Furnace Ltd reported strong full-year results for FY26. Standalone revenue from operations grew 10.6% to Rs 28,929.97 Lakhs from Rs 26,161.49 Lakhs. Profit after tax (PAT) jumped 34.8% to Rs 1,029.27 Lakhs from Rs 763.59 Lakhs, while EPS improved to Rs 16.36 from Rs 15.88. This is the first year of consolidation following acquisition of subsidiary Vaneera Industries Limited (51.22% stake) in August 2025. Consolidated PAT stood at Rs 1,059.01 Lakhs with revenue of Rs 29,460.97 Lakhs. The statutory auditor Ashwani & Associates issued an unmodified (clean) opinion on both standalone and consolidated results. No exceptional items were reported during the year.
The company delivered robust double-digit revenue growth and above 25% PAT growth, indicating strong operational performance. The clean audit report with unmodified opinion provides additional comfort to shareholders. However, investors should note this is the first year of consolidation and the significant increase in deferred tax liabilities warrants monitoring.