Garuda Construction and Engineering Limited has informed the Exchange regarding Appointment of M/s. Mittal Agarwal & Company as Internal Auditor of the company w.e.f. July 18, 2025.
GARUDA · price
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Garuda Construction and Engineering reported a strong Q1 FY26 with standalone total income of ₹12,668 lakhs, up from ₹3,513 lakhs in Q1 FY25 — a nearly 3.6x year-on-year jump. Standalone profit after tax rose to ₹2,800.88 lakhs (from ₹864.87 lakhs in Q1 FY25), with basic EPS of ₹3.01. Consolidated numbers were broadly in line, with PAT of ₹2,800.07 lakhs. The company operates only in the construction segment within India, and its subsidiaries (PKH Projects LLP and PKH Ayodhya Pvt Ltd) contributed minimal revenue. The Board also approved the appointment of M/s Mittal Agarwal & Company (FRN 131025W) as the Internal Auditor for FY 2025-26, replacing the prior arrangement.
Sharp year-on-year growth in both revenue and profit suggests strong execution momentum, though investors should note this is compared against a relatively weak Q1 FY25 base. The internal auditor appointment is routine and neutral for shareholders.