Garuda FY26 Net Profit Rises 146%; Revenue Doubles

Garuda Construction & Engineering Limited published its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 in newspapers on 19 May 2026. The Board had previously approved these results on 18 May 2026. The company operates in a single business segment, Construction Activity, and reported an unmodified audit opinion on its financial statements.

Q4 Standalone Highlights

Garuda Construction delivered a strong Q4 standalone performance, with net profit rising to ₹344.18 million from ₹180.41 million in the same period last year. EBITDA for Q4 stood at ₹480 million versus ₹241 million in the prior year, while EBITDA margin expanded to 32.20% from 29.80% YoY.

Metric:	Q4 FY26	Q4 FY25 (YoY)
Net Profit (₹M):	344	180
EBITDA (₹M):	480	241
EBITDA Margin (%):	32.20%	29.80%

Standalone Financial Performance

The company delivered a strong standalone performance for FY26, with revenue from operations more than doubling year-on-year to ₹5,307.15 million. Total income for the full year reached ₹5,339.57 million, compared to ₹2,267.64 million in FY25. The following table summarises the key standalone financial metrics:

Metric:	Q4 FY26 (31 Mar 2026)	Q3 FY26 (31 Dec 2025)	Q4 FY25 (31 Mar 2025)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations (₹ Lakhs):	14,904.84	14,005.41	8,093.80	53,071.52	22,503.01
Other Income (₹ Lakhs):	(40.66)	18.08	75.66	324.17	173.38
Total Income (₹ Lakhs):	14,864.19	14,023.49	8,169.45	53,395.69	22,676.38
Total Expenses (₹ Lakhs):	10,188.24	9,654.18	5,729.51	36,978.77	15,991.74
Profit Before Tax (₹ Lakhs):	4,675.95	4,369.31	2,439.94	16,416.92	6,684.64
Net Profit (₹ Lakhs):	3,441.74	3,297.00	1,804.09	12,254.11	4,980.48
Basic EPS (₹):	3.70	3.54	1.94	13.17	5.99
Diluted EPS (₹):	3.70	3.54	1.94	13.17	5.99

Consolidated Financial Performance

On a consolidated basis, the group reported revenue from operations of ₹5,307.15 million for FY26, up from ₹2,256.74 million in the previous year. Profit for the period increased to ₹1,224.48 million from ₹497.98 million in FY25. The subsidiaries included in the consolidated results reported a total net loss after tax of ₹(0.93) million for the year ended 31 March 2026.

Metric:	Q4 FY26 (31 Mar 2026)	Q3 FY26 (31 Dec 2025)	Q4 FY25 (31 Mar 2025)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations (₹ Lakhs):	14,904.84	14,001.87	8,158.14	53,071.52	22,567.35
Total Income (₹ Lakhs):	14,864.19	14,019.95	8,233.80	53,395.69	22,740.73
Total Expenses (₹ Lakhs):	10,191.32	9,652.93	5,794.51	36,988.09	16,056.74
Profit Before Tax (₹ Lakhs):	4,672.87	4,367.02	2,439.28	16,407.65	6,683.99
Profit for the Period (₹ Lakhs):	3,438.66	3,294.71	1,803.43	12,244.83	4,979.83
Basic EPS (₹):	3.70	3.54	1.94	13.17	5.99

Balance Sheet Highlights

The standalone balance sheet as at 31 March 2026 reflects significant growth in total assets, which reached ₹6,406.05 crore, up from ₹4,060.07 crore in the prior year. Cash and cash equivalents improved to ₹80.32 million from ₹20.01 million. Consolidated total assets stood at ₹6,443.21 crore, with total equity at ₹4,544.38 crore.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.21%	+1.06%	+0.91%	-19.91%	+67.65%	+63.57%

Garuda Construction & Engineering has intimated the stock exchanges of the postponement of its Board of Directors meeting that was originally scheduled for Monday, May 11, 2026. The company made this disclosure on May 08, 2026, under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, citing unavoidable circumstances as the reason for the deferral.

Meeting Agenda and Postponement Details

The Board Meeting was initially notified through a prior intimation dated May 05, 2026. The meeting had been scheduled to consider and approve key financial disclosures for the period ended March 31, 2026. The following agenda items were deferred as a result of the postponement:

Agenda Item:	Details
Standalone Financial Results:	Audited Standalone Financial Results/Financial Statements along with Reports of the Auditor for the quarter and financial year ended March 31, 2026
Consolidated Financial Results:	Audited Consolidated Financial Results/Financial Statements along with Reports of the Auditor for the quarter and financial year ended March 31, 2026

The company has stated that the revised date of the Board Meeting will be intimated separately in due course, in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In line with applicable regulations, the trading window for all directors, officers, and designated persons of the company shall remain closed until 48 hours after the submission of both the standalone and consolidated financial results, along with the reports of the auditor, for the quarter and financial year ended March 31, 2026.

The intimation was signed by Pravin Kumar Brijendra Kumar Agarwal, Managing Director and Chairman of Garuda Construction & Engineering.