Garuda Construction Achieves 52-Week High Amid Strong Profit Growth and Sales Surge

Garuda Construction and Engineering has made headlines today as its stock price reached a new 52-week high of Rs. 229.9, marking a significant milestone for the small-cap construction company. This achievement comes after a robust performance, with the stock outperforming its sector by 3.07% and recording a notable 14.41% increase over the past three days.
The company has demonstrated impressive financial metrics, including a remarkable net profit growth of 55.27% in its latest quarterly results. Garuda's net sales surged to Rs. 125.16 crore, reflecting a 121.8% increase compared to the previous four-quarter average. Additionally, the company reported a profit before tax of Rs. 35.89 crore, up 120.5%, and a profit after tax of Rs. 28.00 crore, which grew by 124.9%.

Garuda Construction and Engineering boasts a high return on equity of 22.81% and maintains a low debt-to-equity ratio, indicating strong management efficiency. Despite a modest annual operating profit growth rate of 9.51% over the last five years, the company has consistently delivered positive results for three consecutive quarters, reinforcing its solid market position.