Garnet Construction Ltd’s shares rose after the company reported a 128 per cent increase in profit for the quarter ended June 30, 2023, at Rs 66.70 lakh, compared to Rs 29.16 lakh in the corresponding quarter last year.
Revenues were up by 11 per cent at Rs 34.40 lakh, compared to Rs 30.72 lakh last year. Sequentially, profits were lower by 2.44 per cent, compared to Rs 68.37 crore in the previous quarter.
The shares were up by 10.70 per cent at Rs 17.80 at 11.11 am on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.