Results - Announcements
Garnet International Ltd share price declined by 1.18% to Rs 50.9
Garnet International Ltd's net profit witnessed a sharp fall of 487.50% to Rs 1.24 crore, while revenue from operations gained significantly 40.74% to Rs 0.76 crore in Q2FY27 over Q2FY26.
The market capitalization of Investment Company industry group stocks on BSE stood at Rs 4.35 lakh crore, rising by 11.84%. It has inched up 0.46% over last one week and eased lower by 4.75% in last one month while the market capitalization of Garnet International Ltd has eased by 1.49% and 17.55% in the same period respectively.
Profit before tax (PBT) of Garnet International Ltd stood at Rs 1.24 crore in Q2 FY27, plunging by 55.71% year-on-year, and tanking 487.50% quarter-on-quarter. EBITDA came in at Rs 0 crore, nosediving by 89.20% YoY and rallying 850.00% sequentially.
Total expenses saw a slight increase of 9.62% to Rs 0.57 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 0.09 crore, remaining flat YoY.
For FY26, revenue from operations sank 44.22% to Rs 4.87 crore, while net profit saw a strong growth of 210.46% to Rs 4.75 crore, compared to previous FY. EBITDA saw a sharp decline of 81% to Rs 3.38 crore, and PBT jumped 205.81% to Rs 4.74 crore compared to previous FY.
Garnet International Ltd crashed 51.57% in last one year, underperforming the benchmark BSE Sensex which has softened by 3.42% during the same period.