Garnet International Reports Sharp Profit Surge Despite Revenue Decline in Q1
Garnet International Limited experienced a significant increase in profitability for Q1, despite a decline in revenue. On a standalone basis, total income dropped to ₹63.26 lakh from ₹143.09 lakh, while net profit after tax surged to ₹144.02 lakh from ₹15.44 lakh. Consolidated results showed similar trends with total income decreasing to ₹77.44 lakh from ₹264.24 lakh, and net profit after tax increasing to ₹129.16 lakh from ₹38.51 lakh. Standalone EPS improved to ₹0.73, and consolidated EPS to ₹0.66. The company maintained its equity share capital at ₹1,963.50 lakh, with standalone reserves at ₹1,445.30 lakh and consolidated reserves at ₹1,808.80 lakh.
14Aug 25
Garnet International Reports Robust Q1 Results with 3024% Surge in Standalone Profit
Garnet International Limited announced impressive Q1 financial results. Standalone profit soared to Rs 144.03 crore, up 3024% from Rs 4.61 crore in the previous year. Total standalone income reached Rs 163.26 crore. Consolidated profit grew 67.6% to Rs 129.16 crore. The company's 43rd AGM is scheduled for September 30, with book closure from September 24-30. A preferential issue of convertible equity warrants worth Rs 35.37 crore is underway, with 25% received. The subsidiary, Whitewall India Private Limited, contributed Rs 49.55 lakh in revenue and Rs 0.81 lakh in profit.