Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Garnet Intl.
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 14.43 | 10.20 | 8.72 | 12.63 | 12.26 | 19.67 | 2.64 | 1.46 | 2.86 | 1.77 | 2.13 | 2.04 | 0.28 |
| Expenses + | 13.60 | 8.07 | 7.83 | 14.22 | 9.50 | 20.03 | 2.58 | 1.57 | 3.05 | 1.58 | 0.84 | 0.28 | 0.25 |
| Operating Profit | 0.83 | 2.13 | 0.89 | -1.59 | 2.76 | -0.36 | 0.06 | -0.11 | -0.19 | 0.19 | 1.29 | 1.76 | 0.03 |
| OPM % | 5.75% | 20.88% | 10.21% | -12.59% | 22.51% | -1.83% | 2.27% | -7.53% | -6.64% | 10.73% | 60.56% | 86.27% | 10.71% |
| Other Income + | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.62 | 0.71 | 0.67 | 0.00 | 0.22 | 0.00 | 1.04 | 0.07 |
| Interest | 0.11 | 0.85 | 0.24 | 1.32 | 0.76 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.25 | 0.22 | 0.22 | 0.24 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.47 | 1.06 | 0.43 | -3.15 | 1.75 | -4.99 | 0.77 | 0.56 | -0.19 | 0.40 | 1.29 | 2.80 | 0.10 |
| Tax % | 0.00% | 52.83% | 0.00% | 0.00% | 0.00% | 0.60% | 0.00% | 0.00% | 0.00% | 5.00% | 0.00% | 0.00% | 0.00% |
| Net Profit + | 0.47 | 0.51 | 0.43 | -3.15 | 1.75 | -5.02 | 0.77 | 0.56 | -0.19 | 0.38 | 1.29 | 2.80 | 0.11 |
| EPS in Rs | 0.20 | 0.19 | 0.08 | -1.41 | 0.95 | -2.48 | 0.39 | 0.29 | -0.10 | 0.19 | 0.66 | 1.43 | 0.06 |
Financials of Garnet Intl.
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 10.80 | 14.58 | 37.33 | 64.09 | 376.49 | 83.10 | 17.53 | 17.78 | 43.84 | 59.33 | 20.31 | 8.73 | 6.22 |
| Expenses + | 9.45 | 12.36 | 34.52 | 50.73 | 365.18 | 142.12 | 27.52 | 19.10 | 43.56 | 53.39 | 21.67 | 8.53 | 2.95 |
| Operating Profit | 1.35 | 2.22 | 2.81 | 13.36 | 11.31 | -59.02 | -9.99 | -1.32 | 0.28 | 5.94 | -1.36 | 0.20 | 3.27 |
| OPM % | 12.50% | 15.23% | 7.53% | 20.85% | 3.00% | -71.02% | -56.99% | -7.42% | 0.64% | 10.01% | -6.70% | 2.29% | 52.57% |
| Other Income + | 0.00 | -0.02 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.59 | 1.36 | 1.33 |
| Interest | 0.00 | 0.01 | 0.20 | 0.08 | 0.92 | 0.09 | 0.16 | 0.24 | 0.33 | 1.18 | 0.01 | 0.01 | 0.01 |
| Depreciation | 0.49 | 0.44 | 0.50 | 0.61 | 0.82 | 0.83 | 0.82 | 0.82 | 0.81 | 0.94 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.86 | 1.75 | 2.10 | 12.67 | 9.57 | -59.94 | -10.97 | -2.38 | -0.86 | 3.82 | -5.96 | 1.55 | 4.59 |
| Tax % | 32.56% | 10.29% | 35.24% | 21.47% | -18.29% | -3.67% | -3.19% | 49.16% | 45.35% | 14.66% | 0.50% | 1.29% | |
| Net Profit + | 0.56 | 1.54 | 1.24 | 9.96 | 11.33 | -57.74 | -10.62 | -3.55 | -1.25 | 3.26 | -5.98 | 1.53 | 4.58 |
| EPS in Rs | 0.18 | 0.60 | 0.37 | 5.19 | 5.85 | -29.55 | -5.55 | -1.90 | -0.88 | 1.45 | -3.05 | 0.77 | 2.34 |
| Dividend Payout % | 0.00% | 27.81% | 62.30% | 7.71% | 8.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Garnet Intl.
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.23 | 6.23 | 6.23 | 6.23 | 19.53 | 19.53 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 | 19.64 |
| Reserves | 36.72 | 37.42 | 37.60 | 46.41 | 68.59 | 23.77 | 14.94 | 11.22 | 9.51 | 12.36 | 7.73 | 18.09 | 22.19 |
| Borrowings + | 0.99 | 0.90 | 1.17 | 0.96 | 47.49 | 2.47 | 2.29 | 5.65 | 11.07 | 21.60 | 4.93 | 3.01 | 1.01 |
| Other Liabilities + | 5.16 | 6.25 | 14.43 | 9.19 | 9.63 | 10.84 | 10.84 | 12.64 | 12.76 | 11.19 | 1.72 | 1.86 | 1.56 |
| Total Liabilities | 49.10 | 50.80 | 59.43 | 62.79 | 145.24 | 56.61 | 47.71 | 49.15 | 52.98 | 64.79 | 34.02 | 42.60 | 44.40 |
| Fixed Assets + | 4.78 | 5.14 | 6.90 | 10.51 | 12.26 | 12.16 | 11.59 | 10.78 | 10.15 | 11.88 | 0.01 | 0.01 | 0.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.85 | 2.19 | 2.35 | 8.74 | 0.80 | 1.27 | 1.29 |
| Investments | 33.18 | 24.46 | 26.29 | 41.77 | 35.28 | 20.18 | 7.78 | 6.33 | 6.33 | 6.50 | 13.89 | 15.82 | 17.65 |
| Other Assets + | 11.14 | 21.20 | 26.24 | 10.51 | 97.70 | 24.27 | 27.49 | 29.85 | 34.15 | 37.67 | 19.32 | 25.50 | 25.45 |
| Total Assets | 49.10 | 50.80 | 59.43 | 62.79 | 145.24 | 56.61 | 47.71 | 49.15 | 52.98 | 64.79 | 34.02 | 42.60 | 44.40 |
Financials of Garnet Intl.
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 22.26 | 1.07 | 3.85 | 13.38 | -82.89 | 16.98 | -11.22 | -3.72 | -3.65 | -0.62 | 6.69 | -2.83 |
| Cash from Investing Activity + | -20.71 | 1.20 | -3.12 | -11.59 | 12.32 | 27.37 | 11.10 | 0.21 | 0.17 | -8.48 | 10.06 | -4.23 |
| Cash from Financing Activity + | -1.69 | -0.15 | -0.34 | -0.80 | 68.75 | -46.22 | 0.36 | 3.14 | 3.51 | 9.36 | -16.67 | 6.92 |
| Net Cash Flow | -0.14 | 2.12 | 0.39 | 0.99 | -1.81 | -1.87 | 0.24 | -0.38 | 0.04 | 0.26 | 0.07 | -0.13 |
| Free Cash Flow | 22.12 | 0.21 | 1.58 | 10.48 | -85.46 | 17.19 | -12.32 | -5.18 | -3.99 | -9.69 | 16.09 | -3.31 |
| CFO/OP | 1,677% | 61% | 160% | 105% | -694% | -31% | 112% | 282% | -1,300% | -2% | -537% | -1,410% |
Financials of Garnet Intl.
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85.84 | 83.11 | 30.80 | 20.62 | 4.44 | 48.45 | 161.16 | 213.70 | 111.40 | 72.90 | 71.71 | 178.95 |
| Inventory Days | 164.62 | 126.89 | 178.73 | 10.31 | 90.30 | 15.12 | 289.69 | 343.02 | 125.15 | 103.16 | 29.90 | 71.89 |
| Days Payable | 95.13 | 102.89 | 118.33 | 29.94 | 4.98 | 23.59 | 306.32 | 383.78 | 107.58 | 62.86 | 34.45 | 65.67 |
| Cash Conversion Cycle | 155.33 | 107.12 | 91.20 | 0.98 | 89.76 | 39.98 | 144.53 | 172.94 | 128.97 | 113.20 | 67.16 | 185.17 |
| Working Capital Days | 198.72 | 327.45 | 87.02 | -2.96 | 34.39 | 24.11 | 126.59 | 210.42 | 122.47 | 107.85 | 85.18 | 198.60 |
| ROCE % | 1.85% | 3.79% | 4.81% | 24.28% | 10.76% | -64.03% | -24.44% | -5.37% | -1.27% | 9.84% | -1.13% | 4.27% |
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