Garuda Construction’s Rise Analyzed: A Key Milestone

Garuda Construction and Engineering saw a 3.38% increase, reaching Rs 194.40, following the announcement of a major contract. This contract, awarded by Orbit Ventures Developers, is for the redevelopment of the ‘Shikhar-B’ project in Oshiwara, Mumbai. The project’s value is Rs 143.96 crore and will take 36 months to complete, starting after receiving necessary approvals.

• Significant contract win for Garuda Construction’s growth.
• Rs 143.96 crore project in Mumbai’s Oshiwara area.
• 36-month project duration, awaiting commencement clearance.
• Focus on complete redevelopment of the ‘Shikhar-B’ site.
• Domestic firm, no related party involvement, a positive sign.
• Strong financial performance: Net profit up nearly 3x.

This contract represents a key advancement for Garuda Construction. The company focuses on providing complete “turnkey” solutions for building projects. These include residential buildings, offices, roads, and even renewable energy plants.

Garuda Construction has recently shown strong financial growth. In Q1 FY26, the company reported a net profit of Rs 27.99 crore – that’s almost three times higher than the Rs 8.64 crore profit they made in the same quarter last year (Q1 FY25).

Their first quarter revenue also increased substantially, reaching Rs 125.15 crore, which is up 3.6 times compared to the previous year. This demonstrates growing demand for their services and the company’s effective business strategy.

Investing in infrastructure projects like this one is a crucial step towards sustainable urban development.