GARUDAGaruda Construction & Engineering Ltd.
Garuda Construction & Engineering Q2 FY27 Results: Consolidated Total Income ₹173 Crore
- Earnings
- construction and engineering
Reviewed byKeshav SehgalBlacklitt Research
Garuda Construction & Engineering (NSE: GARUDA) reported consolidated total income of ₹172.61 crore and consolidated net profit of ₹40.60 crore for the quarter ended 30 Sep 2026, it said in a filing on 04 Nov 2026. Standalone total income was also ₹172.61 crore and standalone net profit ₹40.62 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹172.61 crore, up 45.7% YoY and down 1.7% QoQ
- Net profit and EPS: ₹40.60 crore as printed in the statement; basic EPS ₹4.37
- Finance costs: ₹0.93 crore, against ₹0.01 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹172.61 crore, up 45.8% YoY and down 1.7% QoQ
- Net profit and EPS: ₹40.62 crore, up 49.7% YoY; basic EPS ₹4.37
- Other current assets: ₹352.22 crore at 30 Sep 2026, against ₹252.56 crore at 31 Mar 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 172.61 | 118.44 | +45.7% | 175.63 | -1.7% | |
| Revenue from operations | 171.59 | n/a | n/a | 175.38 | -2.2% |
| Other income | 1.02 | 1.94 | -47.5% | 0.25 | +313.0% |
| Finance costs | 0.93 | 0.01 | n/a | 0.53 | +74.5% |
| Depreciation | 0.10 | 0.09 | +19.5% | 0.10 | +0.9% |
| EPS, basic (₹) | 4.37 | 2.92 | +49.7% | 4.47 | -2.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated and standalone total income are the same at ₹172.61 crore this quarter. The consolidated profit for the period printed in the statement is ₹40.60 crore, close to the standalone ₹40.62 crore. Other income is ₹1.02 crore, 0.6% of total income, so revenue from operations of ₹171.59 crore makes up almost all of the income.
Consolidated finance costs rose to ₹0.93 crore from ₹0.01 crore a year earlier and ₹0.53 crore in the previous quarter, equal to 0.5% of total income. This article gives no consolidated profit before tax or tax figure for the quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 172.61 | 118.40 | +45.8% | 175.63 | -1.7% | |
| Revenue from operations | 171.59 | 116.46 | +47.3% | 175.38 | -2.2% |
| Other income | 1.02 | 1.94 | -47.5% | 0.25 | +313.0% |
| 40.62 | 27.14 | +49.7% | 41.56 | -2.2% | |
| Profit before tax | 54.04 | 36.29 | +48.9% | 55.77 | -3.1% |
| Finance costs | 0.93 | 0.01 | n/a | 0.53 | +74.5% |
| Depreciation | 0.08 | 0.06 | +33.4% | 0.08 | +1.1% |
| Tax expense | 13.42 | 9.15 | +46.7% | 14.22 | -5.6% |
| Net profit margin | 23.53% | 22.93% | +0.61 pp | 23.66% | -0.13 pp |
| EPS, basic (₹) | 4.37 | 2.92 | +49.7% | 4.47 | -2.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 49.7% year on year to ₹40.62 crore, faster than total income, which rose 45.8%. Profit before tax of ₹54.04 crore was up 48.9%, and tax expense of ₹13.42 crore equals 24.8% of it. Against the previous quarter, net profit fell 2.2%.
Standalone other current assets stood at ₹352.22 crore at 30 Sep 2026, against ₹252.56 crore at 31 Mar 2026. The filing reports this rise without giving the reason for it.
Inference
The statutory auditor issued a limited review report on both sets of results, and its conclusion is not modified. The board approved both on 04 Nov 2026. The auditor did not review three subsidiaries, whose total assets are ₹162.58 crore at 30 Sep 2026 and whose half-year total revenues are ₹7.25 crore; other auditors reviewed them.
The filing gives no reason for the rise in standalone other current assets or for the rise in finance costs. Balances under trade payables, loans and advances and other current liabilities are subject to confirmation and reconciliation, and any adjustments will be accounted for when that is done.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.