Synopsis:
Garuda Construction reported Rs. 125 crore revenue and Rs. 28 crore net profit in Q1 FY26, showing strong QoQ and YoY growth of over 50 percent and 200 percent.
Shares of a company providing end-to-end civil construction for residential, commercial, infrastructure, and industrial projects moved up by 19.8 percent to hit a record high on the stock exchanges, after announcing financial results for Q1 FY26 with a net profit growth of around 55 percent QoQ and 226 percent YoY.
At 12:10 p.m., the shares of Garuda Construction and Engineering Limited were trading in the green at Rs. 177.7 on BSE, up by around 18.5 percent, as against its previous closing price of Rs. 150, with a market cap of Rs. 1,653 crores. The stock has delivered positive returns of over 32 percent YTD, and has gained by around 42 percent in one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, Garuda Construction and Engineering Limited announced the financial results for Q1 FY26 on Friday during market hours.
For Q1 FY26, Garuda Construction reported a consolidated revenue from operations of Rs. 125 crores, marking around a 53 percent QoQ growth compared to Rs. 81.6 crores in Q4 FY25, and a year-on-year increase of about 257 percent from Rs. 35 crores recorded in Q1 FY25.
The company’s net profit for the quarter stood at Rs. 28 crores, reflecting a rise of around 55 percent QoQ compared to Rs. 18 crores in Q4 FY25, and a year-on-year increase of about 226 percent from Rs. 8.6 crores recorded in Q1 FY25.
Garuda Construction and Engineering Limited is a growing civil construction and engineering company based in Mumbai, involved in projects for residential, commercial, residential cum commercial, hospitality, infrastructure and industrial projects. It also provides additional services for infrastructure as well as hospitality projects. Apart from these, Garuda Construction also provide O&M and MEP services and finishing works as part of construction services.
Shares of Garuda Construction made a strong stock market debut on 15th October 2024. Its shares opened at Rs. 105 on the NSE, about 9.5 percent above the IPO price of Rs. 95. On the BSE, the stock listed at Rs. 103.20, reflecting an 8.6 percent gain over its issue price.
Written by Shivani Singh
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