Board approves Q2 and H1 FY26 results; limited review reports note no material misstatement
Board meeting held on 04 November 2026 approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 17,158.91 | 11,649.16 | +47.3% | 17,538.17 | −2.2% |
| Total income | 17,261.04 | 11,843.55 | +45.7% | 17,562.90 | −1.7% |
| Profit before tax | 5,402.61 | 3,627.05 | +49% | 5,575.13 | −3.1% |
| Profit after tax | 4,060.49 | 2,712.08 | +49.7% | 4,153.37 | −2.2% |
| Total comprehensive income | 4,061.36 | 2,713.24 | +49.7% | 4,154.48 | −2.2% |
| Basic EPS | 4.37 | 2.92 | +49.7% | 4.47 | −2.2% |
- Total income YoY growth
- +45.7% (Year ago 11,843.55 Lakhs)
- Profit after tax (latest)
- 4,060.49 Lakhs; YoY +49.7% (Year ago 2,712.08 Lakhs)
- Period
- 30 September 2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Balances under Trade Payable, Loans and Advances, Other Current Liabilities are subject to confirmation and reconciliation; consequent adjustments, if any, to be accounted in the year of confirmation.
What the board approved
The board meeting on 04 November 2026 cleared two sets of numbers: the unaudited standalone financial results and the unaudited consolidated financial results, both for the quarter and half year ended 30 September 2026. Each set is accompanied by a limited review report from the statutory auditor, A.T.R.S. & Co. The same results were reviewed and recommended by the Audit Committee.
What the auditor's review says
- The reports are limited reviews, not full audits, so they give moderate assurance rather than an audit opinion.
- The auditor states that nothing came to its attention that causes it to believe the statements miss a required disclosure or contain a material misstatement.
- On the consolidated statement, the auditor notes it did not review the interim results of three subsidiaries, which were reviewed by other auditors; the conclusion is not modified on that account. Those subsidiaries are PKH Projects LLP, PKH Ayodhya Private Limited and UP World Trade Centre Private Limited.
Standalone numbers (₹ in Lakhs)
- Revenue from operations: 17,158.91 in the September 2026 quarter, against 11,645.62 in the September 2025 quarter.
- Profit for the period: 4,062.36, against 2,714.49 a year earlier.
- For the half year, Revenue from operations was 34,697.08 and Profit for the period was 8,217.90.
- Basic and diluted Earnings per share for the quarter: 4.37 each.
Consolidated view
On the consolidated statement, Profit After Tax & Non Controlling Interest for the half year was 8,215.84 (₹ in Lakhs), which is close to the standalone figure, indicating the subsidiaries contributed little to the bottom line in this period.
Business context given in the notes
- The company operates in a single business segment, construction activity, and within one geographical segment, India, so no separate segment numbers are given.
- Trade payables, loans and advances, and other current liabilities are stated to be subject to confirmation, reconciliation and consequent adjustment, if any, in the year of confirmation or reconciliation.
What a retail investor can take away
The update is a routine quarterly disclosure: it updates revenue, profit and per-share earnings and carries an unmodified limited review conclusion. The items worth noting are the year-on-year movement in the printed line items and the note that certain payable and receivable balances are still to be confirmed and reconciled.
Also from Garuda Construction and Engineering
Board meeting on 4 November 2026 to consider Q2 and H1 results
31 Oct 2026
Board declares interim dividend of Rs. 0.03 per equity share for FY ending March 31, 2026
15 Oct 2026
Board declares interim dividend of Rs. 0.03 per equity share for the year ending March 31, 2026
15 Oct 2026
More numbers
- Standalone Revenue from operations, quarter ended 30 Sep 202617,158.91 (₹ in Lakhs)
- Standalone Revenue from operations, quarter ended 30 Sep 202511,645.62 (₹ in Lakhs)
- Standalone Profit for the period, quarter ended 30 Sep 20264,062.36 (₹ in Lakhs)
- Standalone Profit for the period, quarter ended 30 Sep 20252,714.49 (₹ in Lakhs)
- Standalone Revenue from operations, half year ended 30 Sep 202634,697.08 (₹ in Lakhs)
- Standalone Profit for the period, half year ended 30 Sep 20268,217.90 (₹ in Lakhs)
- Consolidated Profit After Tax & Non Controlling Interest, half year ended 30 Sep 20268,215.84 (₹ in Lakhs)
- Total income, latest quarter17,261.04 (₹ in Lakhs)
- Total income, year-ago quarter11,843.55 (₹ in Lakhs)
- Total income, previous quarter17,562.90 (₹ in Lakhs)
- Total comprehensive income, latest quarter4,061.36 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter2,713.24 (₹ in Lakhs)
- Total comprehensive income, previous quarter4,154.48 (₹ in Lakhs)
- Profit after tax, latest quarter4,060.49 (₹ in Lakhs)
- Profit after tax, year-ago quarter2,712.08 (₹ in Lakhs)
- Profit after tax, previous quarter4,153.37 (₹ in Lakhs)
- Revenue from operations, latest quarter17,158.91 (₹ in Lakhs)
- Revenue from operations, year-ago quarter11,649.16 (₹ in Lakhs)
- Revenue from operations, previous quarter17,538.17 (₹ in Lakhs)
- Profit before tax, latest quarter5,402.61 (₹ in Lakhs)
- Profit before tax, year-ago quarter3,627.05 (₹ in Lakhs)
- Profit before tax, previous quarter5,575.13 (₹ in Lakhs)
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