Unaudited Financial Results for the Quarter ended 30.06.2025
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Garg Furnace Ltd reported unaudited results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at ₹6,015.31 lakhs, down from ₹6,232.84 lakhs in the same quarter last year, a decline of about 3.5%. Total income came in at ₹6,037.86 lakhs versus ₹6,245.39 lakhs YoY. Profit after tax for the quarter was ₹124.88 lakhs, compared to ₹156.37 lakhs in Q1 FY25, a drop of roughly 20%. Basic EPS fell to ₹2.49 from ₹3.39, and diluted EPS to ₹2.23 from ₹2.91. The board also approved material related party transactions with promoter group entity Vaneera Industries and promoter directors, appointed Mrs. Mehak Jain as a new Independent Director, accepted the resignation of Ms. Purti Katyal, and fixed September 15, 2025 as the date for the 52nd AGM. The statutory auditor issued an unmodified (clean) limited review opinion.
Soft quarter with both top line and bottom line contracting year-on-year, which may weigh on near-term sentiment. The material related party transactions with promoter-related entities are worth monitoring for shareholder approval at the upcoming AGM.