With reference to the subject the Board of Directors of the Company has duly approved and taken on record the unaudited financial results of the company for the quarter ended 30th June 2025.
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Garnet Construction reported strong Q1 FY26 results, with revenue from operations rising to Rs 4,038.98 lacs from Rs 1,517.51 lacs in Q1 FY25 — a 166% YoY jump. Net profit surged 151% YoY to Rs 1,821.10 lacs from Rs 724.79 lacs, pushing EPS to Rs 13.10 (vs Rs 5.21). Profit before tax stood at Rs 2,440.85 lacs. The statutory auditor issued a clean limited review report with no qualifications. The company notes that real estate revenues are recognised on delivery of units, so quarterly results may not be representative of full-year performance.
Q1 FY26 profit alone (Rs 1,821 lacs) has already surpassed the full FY25 profit (Rs 740 lacs), indicating strong project deliveries in the quarter. However, shareholders should treat this with caution given the inherently lumpy nature of real estate revenues — consistency across the remaining quarters will be the key thing to watch.