Garnet Construction Reports Significant Growth in Sales and Profitability for December 2024
Garnet Construction has announced its financial results for the quarter ending December 2024, reporting net sales of Rs 16.84 crore for the nine-month period, marking a year-on-year growth of 293.46%. The company also achieved a profit after tax of Rs 5.92 crore, reflecting a 67.23% increase.
Garnet Construction has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has achieved net sales of Rs 16.84 crore for the nine-month period, reflecting a significant year-on-year growth of 293.46%. This upward trend in sales indicates a robust demand for its services within the construction and real estate sector.Additionally, Garnet Construction reported a profit after tax (PAT) of Rs 5.92 crore for the same period, which represents a year-on-year increase of 67.23%. This positive trajectory in profitability suggests that the company is effectively managing its operations and capitalizing on market opportunities.
The financial results indicate that Garnet Construction has surpassed its previous twelve-month sales figures, with net sales exceeding Rs 11.14 crore and PAT surpassing Rs 2.94 crore. These developments highlight the company's strong performance in the current fiscal year.
In light of these results, there has been an adjustment in the evaluation of Garnet Construction's financial standing.
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