Garnet Construction posts Q1 FY27 net loss on revenue collapse
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On the reaction day the stock moved 15.2 pts less than Nifty Microcap 250 and 15.1 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Garnet Construction reported Q1 FY27 (quarter ended 30 June 2026) revenue from operations of negative Rs 12.92 lakhs versus Rs 40.39 cr in Q1 FY26, a sharp decline. The company swung to a net loss of Rs 1.04 cr from a profit of Rs 18.21 cr last year. EPS turned negative at minus Rs 0.75 from Rs 13.10. Statutory auditor Shankarlal Jain issued an unmodified limited review report. Management noted real estate results do not accrue evenly across quarters.
Sharp revenue drop and swing to loss in Q1 FY27. Real estate lumpy revenue means single quarter may not indicate full-year trend. Watch next quarters closely.