The board of Directors of the company have duly approved and taken on records the audited financial results for the quarter and year ended 31st March 2026
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Garnet Construction Ltd has reported exceptional financial performance for FY 2025-26 with revenue from operations surging to Rs 8,282.41 Lacs from Rs 1,609.09 Lacs in the previous year, representing over 5x growth. Net profit jumped to Rs 3,048.06 Lacs from Rs 740.59 Lacs (312% increase), while EPS improved to Rs 28.39 from Rs 5.31. Total assets grew to Rs 21,502.68 Lacs. The statutory auditors, Shankarlal Jain & Associates LLP, have issued an unmodified (clean) opinion. The company operates in the real estate segment and follows Ind AS 115 revenue recognition standards.
The stock shows strong operational performance with multi-fold revenue and profit growth. However, operating cash flow turned negative at Rs 65.51 Lacs due to high tax payments of Rs 1,330.39 Lacs, which may raise concerns about cash conversion quality despite healthy profits.