Audited FS for the year ended 31st March 2025 duly approved and taken on board
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Garnet Construction Ltd reported strong FY25 results with revenue from operations rising to Rs 1,609.09 lacs from Rs 1,113.03 lacs in FY24, a growth of about 44%. Total income stood at Rs 1,941.19 lacs vs Rs 1,818.82 lacs the previous year, supported by other income of Rs 332.10 lacs. Net profit jumped sharply to Rs 740.59 lacs from Rs 294.03 lacs in FY24, more than 2.5x year-on-year, translating to EPS of Rs 5.31 (vs Rs 2.11). Profit before tax grew to Rs 990.04 lacs from Rs 409.43 lacs. The company operates in a single real estate segment, and the statutory auditor Shankarlal Jain & Associates LLP issued an unmodified (clean) audit opinion.
Sharply higher profits and revenue growth signal improved operational performance, likely supportive of the stock in the near term. However, cash and cash equivalents remain very thin at Rs 6.48 lacs, so liquidity and collection efficiency in the real estate business should be watched.