Garnet Construction FY26 net profit rises 433% to ₹3,948 lakh
Garnet Construction reported a 433% rise in FY26 net profit to ₹3,948.06 lakh, driven by a 414% revenue surge to ₹8,282.41 lakh. The Board approved the audited results on May 30, 2026.
*this image is generated using AI for illustrative purposes only.
Garnet Construction reported a significant surge in financial performance for the financial year ended March 31, 2026, with net profit rising to ₹3,948.06 lakh. This marks a substantial increase from the ₹740.59 lakh net profit recorded in the previous year. Revenue from operations grew to ₹8,282.41 lakh, driven primarily by the company's real estate development activities, compared to ₹1,609.09 lakh in FY25.
The Board of Directors approved the audited standalone financial results at its meeting held on May 30, 2026. The statutory auditors, Shankarlal Jain & Associates LLP, reviewed the results and issued an unmodified audit opinion, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements are prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under the Companies Act, 2013.
Total income for the year stood at ₹8,633.01 lakh, up from ₹1,941.19 lakh in the prior year. The company reported a profit before tax of ₹5,283.47 lakh for FY26, compared to ₹990.04 lakh in FY25. Total expenses for the period were ₹3,349.54 lakh, an increase from ₹951.15 lakh in the previous year. The company noted that due to the nature of the real estate business, profits do not necessarily accrue evenly over the period.
Financial Performance
The company's earnings per share (EPS) on a basic and diluted basis increased to ₹28.39 for FY26, up from ₹5.31 in the previous year. For the quarter ended March 31, 2026, the net profit was ₹472.31 lakh, with revenue from operations at ₹1,039.59 lakh. The company follows Ind AS 115 for revenue recognition, recognizing revenue on the delivery of units to customers.
| Metric | FY26 (₹ in Lacs) | FY25 (₹ in Lacs) |
|---|---|---|
| Revenue from Operations | 8,282.41 | 1,609.09 |
| Total Income | 8,633.01 | 1,941.19 |
| Total Expenses | 3,349.54 | 951.15 |
| Profit Before Tax | 5,283.47 | 990.04 |
| Net Profit | 3,948.06 | 740.59 |
| Basic EPS (₹) | 28.39 | 5.31 |
Balance Sheet Highlights
The total assets of the company increased to ₹21,502.68 lakh as of March 31, 2026, from ₹17,552.17 lakh in the previous year. Equity share capital remained constant at ₹1,390.22 lakh, while other equity rose to ₹12,846.35 lakh from ₹8,899.46 lakh. Total liabilities stood at ₹7,266.12 lakh, slightly higher than the ₹7,262.49 lakh reported in the prior year.
Current assets, including inventories and trade receivables, constituted a significant portion of the balance sheet. Inventories decreased to ₹5,370.22 lakh from ₹6,500.07 lakh, while trade receivables increased substantially to ₹6,812.85 lakh from ₹2,953.91 lakh. Cash and cash equivalents improved to ₹13.81 lakh from ₹6.48 lakh at the end of the previous financial year.
Historical Stock Returns for Garnet Construction
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.35% | +6.50% | -1.71% | +24.97% | +228.57% | +285.92% |
Can Garnet Construction sustain this high growth rate in the upcoming fiscal year given the cyclical nature of the real estate sector?
How will the substantial increase in trade receivables impact the company's cash flow and liquidity position in the near term?
What is the company's strategy for managing inventory levels as they continue to decrease while revenue rises?
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