The board of directors of the company has duly approved and taken on record the audited financial result of the company for the year ended 31st March 2026.
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Garnet Construction Ltd reported strong audited results for FY26 ended March 2026. Revenue from operations surged to Rs 8,282.41 Lacs from Rs 1,609.09 Lacs in FY25, representing a 414% year-on-year increase. Net profit jumped to Rs 3,048.06 Lacs from Rs 740.59 Lacs in the prior year, marking 311% growth. Total comprehensive income stood at Rs 3,946.88 Lacs. EPS more than quintupled from Rs 5.31 to Rs 28.39. The company operates in real estate development and the statutory auditors issued an unmodified (clean) audit opinion. Operating cash flow was negative at Rs 65.51 Lacs due to higher working capital deployment, particularly in trade receivables which increased by Rs 3,858.95 Lacs.
Exceptional revenue and profit growth positions the stock favorably, though investors should monitor the negative operating cash flow and rising receivables which indicate potential working capital stress despite strong bottom-line performance.