Garuda Construction & Engineering Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showcasing exceptional operational performance across key financial metrics. The Board of Directors approved both standalone and consolidated financial results during their meeting held on February 12, 2026, in compliance with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Meeting Outcome and Regulatory Compliance

The company's Board of Directors convened on February 12, 2026, from 9:00 AM to 9:15 AM, approving the unaudited standalone and consolidated financial results for Q3 FY26. The results were prepared in accordance with Indian Accounting Standards (Ind AS 34) and received limited review reports from statutory auditors Agarwal Tibrewal & Co.

Strong Revenue Growth in Q3 FY26

The company delivered impressive revenue performance during the quarter, with standalone revenue from operations reaching ₹14,005.41 lakhs compared to ₹6,221.71 lakhs in Q3 FY25. This represents substantial growth in the company's core construction activities.

Profitability and Operational Efficiency

The company demonstrated strong profitability metrics with net profit for Q3 FY26 reaching ₹3,297.00 lakhs, significantly higher than ₹1,286.93 lakhs recorded in the corresponding quarter of the previous year. Profit before tax stood at ₹4,369.31 lakhs compared to ₹1,719.75 lakhs in Q3 FY25.

Total expenses for the quarter amounted to ₹9,654.18 lakhs, with cost of materials consumed being the largest component at ₹5,608.85 lakhs, followed by construction expenses of ₹3,528.34 lakhs.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, the company achieved robust financial performance across all key parameters:

Consolidated Results and Subsidiaries

The consolidated financial results include performance from three subsidiaries: PKH Projects LLP, PKH Ayodhya Private Limited, and UP World Trade Centre Private Limited. Consolidated revenue from operations for Q3 FY26 was ₹14,001.87 lakhs, with net profit after tax and non-controlling interest of ₹3,289.71 lakhs.

The subsidiaries contributed total revenues of ₹3,016.03 lakhs for the quarter and ₹10,103.45 lakhs for the nine-month period, though they recorded a net loss of ₹2.29 lakhs and ₹6.25 lakhs respectively.

Financial Position and Share Capital

The company maintains a strong financial position with paid-up equity share capital of ₹4,652.09 lakhs and face value of ₹5.00 per equity share. Reserves stood at ₹28,529.94 lakhs. Both basic and diluted earnings per share for Q3 FY26 were ₹3.54, compared to ₹1.43 in the corresponding quarter of the previous year.

The company operates primarily in the construction segment within the Indian geographical market, with results available on the company website and stock exchange platforms BSE and NSE.

Garuda Construction & Engineering Limited has taken a significant step towards implementing its fundraising plan. The company conducted an Extraordinary General Meeting (EGM) on December 1, 2025, to seek approval for several key financial decisions.

Key Points from the EGM

1. Qualified Institutional Placement (QIP)

   • Sought approval for raising up to ₹500.00 crores through QIP
   • Funds to be raised from qualified institutional buyers

2. Increase in Authorized Share Capital

   • Proposed increase from ₹50.00 crores to ₹80.00 crores
   • Creation of an additional 6 crore equity shares

3. Related Party Transactions

   • Approval sought for related party transactions

4. Voting Results

   • To be announced within two working days of the EGM

Background

The EGM follows the board meeting held on November 7, 2025, where these proposals were initially approved. The board had made several key decisions:

1. Approved raising up to ₹500.00 crores through a QIP
2. Approved an increase in authorized share capital from ₹50.00 crores to ₹80.00 crores
3. Formed a QIP Committee to handle matters related to the proposed fundraising

Detailed Overview

The proposed changes in the company's capital structure are as follows:

QIP Details

The Qualified Institutional Placement (QIP) under consideration has the following characteristics:

• Maximum Amount: Up to ₹500.00 crores
• Share Type: Equity shares with a face value of ₹5.00 each
• Pricing: To be determined in accordance with SEBI regulations and applicable laws
• Regulatory Compliance: The QIP will be conducted in accordance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Section 42 of the Companies Act, 2013

Next Steps

1. The company will announce the voting results of the EGM within two working days.
2. If approved, the QIP Committee will oversee the details and execution of the fundraising process.
3. Necessary regulatory and statutory approvals will be sought as required.

This strategic move by Garuda Construction & Engineering Limited appears aimed at strengthening its capital base, potentially for expansion, debt reduction, or other corporate purposes. The outcome of the EGM will be crucial in determining the company's path forward with its fundraising plans.