Garuda Construction Reports Robust Q1 Performance with 257% Revenue Growth

Garuda Construction & Engineering Limited has announced its financial results for the first quarter, showcasing substantial year-over-year growth across key financial metrics.

Strong Revenue Growth

The company reported a significant increase in revenue, which rose to ₹1,251.65 crore, up from ₹351.25 crore in the corresponding quarter of the previous year. This represents an impressive year-over-year growth of approximately 257%.

Profitability Surge

Garuda Construction's profitability also saw a remarkable improvement:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to ₹364.00 crore, up from ₹117.00 crore in the same quarter of the previous year, marking a 211% growth.
• The consolidated net profit reached ₹280.00 crore, compared to ₹86.00 crore in the same quarter last year, representing a substantial 226% increase.

Financial Highlights

Management Commentary

While specific management comments were not provided in the available data, the significant growth across all financial parameters suggests strong operational performance and possibly increased market demand for Garuda Construction's services.

About Garuda Construction & Engineering Limited

Garuda Construction & Engineering Limited, formerly known as Garuda Construction and Engineering Private Limited, is a construction company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company operates primarily in the construction sector, with its registered office located in Mumbai, Maharashtra.

Investors and stakeholders can find more detailed financial information in the company's official filings with the stock exchanges.