Garuda Construction Shares Jump 15.42% After Q1 FY26 Net Profit Surges to ₹28 Crore
By Shishta Dutta | Published at: Jul 18, 2025 12:51 PM IST
Mumbai, July 18 (10:05 IST) – The shares of Garuda Construction and Engineering Limited (NSE: GARUDA) surged by more than 15% (15.42%) to ₹173.25 in early trade on Friday. The reaction follows the company’s posting of a strong set of unaudited financial results for the first quarter of FY26. The stock broke the 52-week high barrier, reflecting strong investor sentiment. The early morning trade also showed a high traded margin (more than 1.2 million shares traded by 10:30 AM).
The quarter-to-quarter growth of 31% with stable operating margins reinforces the investors’ belief in scalable business growth, further justifying the market’s enthusiastic response.
Q1 FY26 Financial Highlights (Standalone)
| Particulars | Q1 FY26 | Q4 FY25 | Q1 FY25 | YoY Growth |
|---|---|---|---|---|
| Total Income | ₹12,515.65 lakh | ₹8,093.80 lakh | ₹3,512.50 lakh | Up 256.3% |
| Profit Before Tax (PBT) | ₹3,742.20 lakh | ₹2,439.94 lakh | ₹1,155.78 lakh | Up 223.7% |
| Net Profit | ₹2,800.88 lakh | ₹1,804.09 lakh | ₹864.87 lakh | Up 223.7% |
| EPS (Basic & Diluted) (₹) | 3.01 | 1.94 | 1.16 | – |
“The company recorded robust revenue growth and margin expansion in Q1 FY26, largely driven by improved execution of construction contracts and cost discipline,” the company said in its filing.
Consolidated Results
On a consolidated basis, Garuda reported a Q1 FY26 net profit of ₹2,800.07 lakh, compared to ₹864.87 lakh in Q1 FY25, registering a YoY increase of 223.7%. Total income stood at ₹12,515.65 lakh, compared to ₹3,513.35 lakh a year ago. The consolidated earnings per share also improved significantly to ₹3.01 in Q1 FY26.
IPO Utilisation Update
The company raised ₹17,385 lakh through its IPO in FY25. As of June 30, 2025, it had utilised ₹15,967.25 lakh from the net proceeds (post-issue expenses of ₹1,417.75 lakh) primarily towards:
| Utilization Head | FY25 Used | FY26 Planned | Total Plan | Utilised Till Q1 FY26 |
|---|---|---|---|---|
| Working Capital | ₹8,000 lakh | ₹2,000 lakh | ₹10,000 lakh | ₹10,000 lakh |
| General Corporate & Acquisitions | ₹5,967.25 lakh | Nil | ₹5,967.25 lakh | ₹5,967.25 lakh |
There was no delay in implementing the IPO objectives.
Corporate Developments
Garuda’s board also appointed M/s Mittal Agarwal & Company as the internal auditor for FY26. The audit firm, established in 2010, brings expertise in taxation, audit, and advisory services, with a presence across Mumbai, Pune, and Nashik.
Share Price Details (As of 10:30 IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹173.25 |
| Previous Close | ₹150.10 |
| VWAP | ₹160.72 |
| 52-Week High | ₹173.25(Today) |
| 52-Week Low | ₹77.05 |
| Market Cap | ₹1,558.17 Cr |
| Free Float Market Cap | ₹461.68 Cr |
| PE Ratio | 33.94 |
| Index | NIFTY IPO |
| Industry | Civil Construction |
Company Overview
Garuda Construction and Engineering Limited, listed on both BSE and NSE, is a Mumbai-based civil construction firm with expertise in executing large infrastructure projects. The company made its public market debut on October 15, 2024, and is part of the NIFTY IPO index.
REF: https://nsearchives.nseindia.com/corporate/GARUDACONSTRUCTION2010_18072025095401_Outcome__2_.pdf
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