Audited financial results for the year ended 31st march 2025, duly approved and taken on recod by the BOD on the meeting held today 30th May 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Garnet Construction Ltd submitted its audited standalone results for FY25, approved at the board meeting held on 30th May 2025. Revenue from operations jumped to Rs. 1,609.09 lacs from Rs. 1,113.03 lacs, a ~44.6% YoY rise, while total income came in at Rs. 1,941.19 lacs vs Rs. 1,818.82 lacs. Net profit surged to Rs. 740.59 lacs (from Rs. 294.03 lacs), translating to EPS of Rs. 5.31 (vs Rs. 2.11). Profit before tax rose sharply to Rs. 990.04 lacs from Rs. 409.43 lacs on lower operating and other expenses. The statutory auditor Shankarlal Jain & Associates LLP issued an unmodified opinion with no qualifications.
Strong earnings growth and cleaner balance sheet (long-term borrowings down to Rs. 565.23 lacs from Rs. 987.72 lacs) should be viewed positively by shareholders, though cash flow from operations remains thin at just Rs. 58.36 lacs, so sustainability of the profit jump is worth watching.