According to reports from Business Standard, Garnet International reported a consolidated net loss of ₹0.32 crore in the quarter ended June 2026, marking a significant decline from the net profit of ₹1.29 crore recorded during the corresponding quarter of the previous financial year. The company's financial performance showed substantial deterioration across key metrics during this quarter.
As reported by Business Standard, the company's sales declined by 74.65% to ₹0.54 crore in Q1 FY27, compared to ₹2.13 crore recorded in the same quarter of the previous financial year. This dramatic revenue contraction indicates significant operational challenges facing the company during the quarter.
According to the financial data reported by Business Standard, the company's operating profit margin (OPM) deteriorated to -59.26% in Q1 FY27, compared to a positive 60.56% OPM in the corresponding quarter of the previous year. The company also reported a PBDT (Profit Before Depreciation and Tax) of ₹0.32 crore, indicating the net loss was primarily driven by operational factors rather than tax-related issues.
As reported by Business Standard, the company's PBT (Profit Before Tax) stood at ₹0.32 crore, matching the PBDT figure and reflecting the same operational challenges across different profitability metrics. The financial data shows consistent deterioration across all key performance indicators, with the company moving from profitability to losses across all major financial parameters during the quarter.
