Integrated Filing — IndAS



General information about company
Scrip Code 544271
NSE Symbol GARUDA
MSEI Symbol NOTLISTED
ISIN INE0JVO01026
Name of company Garuda Construction And Engineering Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Construction Activity
Start date and time of board meeting 30-May-2025   14:00:00
End date and time of board meeting 30-May-2025   18:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2023-10-11
Indicate Company website link for updated RPT policy of the Company https://garudaconstructionengineering.com/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NA



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 809380000 2250301000
Other income 7566000 17338000
Total income 816946000 2267639000
2 Expenses
(a) Cost of materials consumed 213665000 428426000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 14256000 35366000
(e) Finance costs 4164000 10139000
(f) Depreciation, depletion and amortisation expense 799000 3239000
(f) Other Expenses
1 Construction Expenses 255957000 966641000
2 Other Expenses 84110000 155363000
Total other expenses 340067000 1122004000
Total expenses 572951000 1599174000
3 Total profit before exceptional items and tax 243995000 668465000
4 Exceptional items 0 0
5 Total profit before tax 243995000 668465000
6 Tax expense
7 Current tax 63315000 170202000
8 Deferred tax 271000 214000
9 Total tax expenses 63586000 170416000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 180409000 498049000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 180409000 498049000
17 Other comprehensive income net of taxes 3000 3000
18 Total Comprehensive Income for the period 180412000 498052000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 465209000 465209000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 2852994000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.94 5.99
Diluted earnings (loss) per share from continuing operations 1.94 5.99
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.94 5.99
Diluted earnings (loss) per share from continuing and discontinued operations 1.94 5.99
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 13281000
Capital work-in-progress 22084000
Investment property 0
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 93097000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 94380000
Total non-current financial assets 187477000
Deferred tax assets (net) 3860000
Other non-current assets 149300000
Total non-current assets 376002000
2 Current assets
Inventories 110432000
Current financial asset
Current investments 0
Trade receivables, current 1804765000
Cash and cash equivalents 20008000
Bank balance other than cash and cash equivalents 424666000
Loans, current 1064000
Other current financial assets 0
Total current financial assets 2250503000
Current tax assets (net) 0
Other current assets 1323137000
Total current assets 3684072000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4060074000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 465209000
Other equity 2852994000
Total equity attributable to owners of parent 3318203000
Non controlling interest
Total equity 3318203000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 633000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 633000
Provisions, non-current 1070000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 1703000
Current liabilities
Current financial liabilities
Borrowings, current 442000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 308968000
Total Trade payable 308968000
Other current financial liabilities 5124000
Total current financial liabilities 314534000
Other current liabilities 297404000
Provisions, current 421000
Current tax liabilities (Net) 127809000
Deferred government grants, Current 0
Total current liabilities 740168000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 741871000
Total equity and liabilites 4060074000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss -4000 -4000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 1000 1000
5 Total Other comprehensive income 3000 3000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 668465000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 10139000
Adjustments for decrease (increase) in inventories -36631000
Adjustments for decrease (increase) in trade receivables, current -42340000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -1169272000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -308430000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -46316000
Adjustments for increase (decrease) in other non-current liabilities -403000
Adjustments for depreciation and amortisation expense 3239000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 76000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1589938000
Net cash flows from (used in) operations -921473000
Dividends received 0
Interest paid 0
Interest received -17338000
Income taxes paid (refund) 168203000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -1107014000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 561000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 54000
Proceeds from sales of investment property 0
Purchase of investment property 92536000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 15195000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 17338000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -406747000
Net cash flows from (used in) investing activities -497755000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 1632414000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings -443000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 2124000
Interest paid 10139000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 1619708000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 14939000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 14939000
Cash and cash equivalents cash flow statement at beginning of period 5073000
Cash and cash equivalents cash flow statement at end of period 20012000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Agarwal Tibrewal & Co Yes 31-Jul-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 11-Oct-2024
Amount Raised 1738500000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Acuite Ratings & Research Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Working Capital Requirements NA 1000000000 0 800000000 0
2 General Corporate Purposes and unidentified inorganic acquisitions NA 596700000 0 515700000 0


Signatory Details
Name of signatory Pravin Kumar Brijendra Kumar Agarwal
Designation of person Managing Director
Place Mumbai
Date 30-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Garuda Construction And Engineering Limited Artemis Electricals and Projects Limited Enterprise over which Key Managerial Personnel are able to exercise influential control Sale of goods or services 1000000000 Audit Committee Approved the Same 436266000 -371200000 17090000
2 Garuda Construction And Engineering Limited Ayesspea Holdings and Investments Private Limited Enterprise over which Key Managerial Personnel are able to exercise influential control Any other transaction Business Advances Given (Net) 500000000 Audit Committee Approved the Same 145264000 -508000 145264000
3 Garuda Construction And Engineering Limited Electro force (India) Limited Enterprise over which Key Managerial Personnel are able to exercise influential control Any other transaction Advance from Customer 100000000 Audit Committee Approved the Same -5998000 -110389000 -104390000
4 Garuda Construction And Engineering Limited Garuda Urban Remedies Limited Enterprise over which Key Managerial Personnel are able to exercise influential control Any other transaction Advance from Customer 10000000 Audit Committee Approved the Same -8393000 -11175000 -2781000
5 Garuda Construction And Engineering Limited Makindian Township Private Limited Enterprise over which Key Managerial Personnel are able to exercise influential control Any other transaction Business Advances Given (Net) 5000000 Audit Committee Approved the Same 494000 73275000 73581000
6 Garuda Construction And Engineering Limited PKH Projects LLP Subsidiary Companies Any other transaction Labour and Works Contract Charges 100000000 Audit Committee Approved the Same 46141000 0 0
7 Garuda Construction And Engineering Limited PKH Projects LLP Subsidiary Companies Any other transaction Other Current Liabilities (Net) 10000000 Audit Committee Approved the Same -5339000 3285000 -2054000
8 Garuda Construction And Engineering Limited PKH Projects LLP Subsidiary Companies Sale of goods or services 200000000 Audit Committee Approved the Same 91166000 0 105753000
9 Garuda Construction And Engineering Limited Shree Umiya Builder & Developers Enterprise over which Key Managerial Personnel are able to exercise influential control Sale of goods or services 500000000 Audit Committee Approved the Same 151331000 337756000 254075000
10 Garuda Construction And Engineering Limited Pravin Kumar Brijendra Kumar Agarwal Key Managerial Personnel Remuneration 3000000 Audit Committee Approved the Same 3000000 0 0
11 Garuda Construction And Engineering Limited Pravin Kumar Brijendra Kumar Agarwal Key Managerial Personnel Any other transaction Director Sitting Fees 480000 Audit Committee Approved the Same 240000 0 0
12 Garuda Construction And Engineering Limited Deepak Kumar Key Managerial Personnel Remuneration 800000 Audit Committee Approved the Same 460000 0 0
13 Garuda Construction And Engineering Limited Deepak Kumar Key Managerial Personnel Any other transaction Director Sitting Fees 120000 Audit Committee Approved the Same 60000 0 0
14 Garuda Construction And Engineering Limited Rohit Pareek Key Managerial Personnel Remuneration 1000000 Audit Committee Approved the Same 860000 0 0
15 Garuda Construction And Engineering Limited Venkateshkumar Krishnamurthy Tirupatipanyam Key Managerial Personnel Any other transaction Director Sitting Fees 1200000 Audit Committee Approved the Same 600000 0 0
16 Garuda Construction And Engineering Limited Rajvirendra Singh Rajpurohit Key Managerial Personnel Any other transaction Director Sitting Fees 600000 Audit Committee Approved the Same 300000 0 0
17 Garuda Construction And Engineering Limited Priyanka Yadav Key Managerial Personnel Any other transaction Director Sitting Fees 360000 Audit Committee Approved the Same 180000 0 0
Total value of transaction during the reporting period 856632000