India's Garuda Construction hits 3-month high after strong quarterly results

Garuda Construction and Engineering

10/08/2026 07:39

** Civil construction company Garuda Construction and Engineering's GARR.NS shares rise 8.2% to 195.23 rupees
** Stock hits a three-month high, its highest since May 2026
** June-qtr revenue from operations rise 40% to 1.75 billion rupees ($18.37 million)
** Q1 profit climbs 48.4% to 415.3 million rupees
** Stock holds trailing 12-months PE of 15.84 vs industry median of 14.88 - LSEG data 
** The company delivers a return on equity of 31.1% and maintains a debt-to-equity ratio of 2.65%
** YTD, stock up 1.2%


($1 = 95.2500 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))