Mumbai, October 27 (Monday): Garuda Construction & Engineering Limited (GCEL) reported a robust set of financial results for the second quarter ended September 30, 2025, delivering strong growth across revenue, EBITDA, and net profit metrics.
Financial Performance
The company’s net profit surged 165% year-on-year (YoY) to ₹271.00 crore in Q2 FY26, compared to ₹102.00 crore in the same quarter last year. This remarkable growth reflects the company’s strong execution capabilities and efficient cost management during the period.
EBITDA jumped 157% YoY to ₹344.00 crore from ₹134.00 crore in Q2 FY25, underscoring significant operational efficiency and improved project margins. Consequently, the EBITDA margin expanded to 29.55% from 28.70% a year earlier.
On the top line, total income rose sharply to ₹11,843.55 crore, up 150% YoY, while revenue from operations stood at ₹11,649.16 crore, reflecting continued growth momentum across the company’s project portfolio.
Key Financial Metrics
| Metric | Q2 FY26 (₹ crore) | Q2 FY25 (₹ crore) | YoY Change |
|---|---|---|---|
| Net Profit | 271.00 | 102.00 | +165% |
| EBITDA | 344.00 | 134.00 | +157% |
| EBITDA Margin | 29.55% | 28.70% | +85 bps |
| Total Income | 11,843.55 | 4,731.37 | +150% |
| Revenue from Operations | 11,649.16 | 4,675.00 | +149% |
Strong Balance Sheet
As of September 30, 2025, GCEL maintained a solid financial position, with total assets at ₹57,413.67 crore and an equity base of ₹38,744.49 crore, signaling a strong foundation for sustained expansion.
Outlook
Garuda Construction & Engineering’s strong Q2 performance reflects its focus on project execution, cost efficiency, and strategic scaling within India’s fast-growing infrastructure sector. The company’s improved profitability and robust order execution pipeline position it favorably for future growth.
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