Garnet Construction Ltd — Board Meeting, 30-05-2025: Board Meeting

Garnet Construction Ltd has announced a board meeting to consider the financial results for the quarter and half-year. Audited standalone results for the year show revenue from operations at Rs. 16.09 Cr, up from Rs. 11.13 Cr last year. Net profit stood at Rs. 7.41 Cr versus Rs. 2.94 Cr previously. The company reported total comprehensive income of Rs. 7.38 Cr. Operational expenses increased moderately, while finance costs rose to Rs. 0.93 Cr. The company’s balance sheet shows total assets of Rs. 175.52 Cr against liabilities of Rs. 72.62 Cr, reflecting a stable equity base. Management confirmed continued business as a going concern.