Garg Furnace reported a 10.6% rise in standalone revenue to ₹289.3 crore and a 34.7% jump in profit to ₹10.29 crore for FY26. This is the first year of consolidated reporting after acquiring Vaneera Industries.
Garg Furnace Limited: Strong FY26 Performance with First Consolidated Results
Standalone revenue from operations for Garg Furnace Limited rose by 10.58% to ₹289.30 crore in the year ended March 31, 2026, up from ₹261.61 crore in FY2025. Profit after tax also saw a significant increase of 34.69%, reaching ₹10.29 crore in FY2026 from ₹7.64 crore in the prior year. Reader Takeaway: Standalone growth in revenue and profit, plus first-time consolidation of Vaneera Industries. ## What just happened Garg Furnace Limited announced its audited financial results for the year ended March 31, 2026. The company reported a 10.58% increase in standalone revenue from operations, reaching ₹289.30 crore. Profit after tax for the standalone entity grew by 34.69% to ₹10.29 crore. This fiscal year also marks the first time the company is presenting consolidated financial results, following its acquisition of a 51.22% stake in Vaneera Industries Ltd. effective August 22, 2025. The consolidated revenue for FY2026 stood at ₹294.61 crore, with a profit attributable to owners of ₹10.45 crore. The company's auditor provided an unmodified report, indicating no major concerns. ## Why this matters The improved standalone performance indicates a growing core business. The introduction of consolidated financials provides a more comprehensive view of the company's overall financial health, incorporating the newly acquired subsidiary. The unmodified audit report lends credibility to the reported figures. ## The backstory This is the first reporting period that includes consolidated figures for Garg Furnace Limited, following its acquisition of a majority stake in Vaneera Industries Ltd. The Vaneera Industries acquisition was completed in August 2025. ## What changes now Investors will now have access to consolidated financial statements, offering a clearer picture of the group's performance. The company's profitability margins appear to have improved, as profit growth outpaced revenue growth on a standalone basis. ## Risks to watch While the impact of new labor codes is deemed not material by management, potential unforeseen operational adjustments could arise. ## Peer comparison (No peer comparison data was available in the filing.) ## Context metrics (time-bound) Standalone revenue from operations for FY2026: ₹289.30 crore (₹28,929.97 lakh). Standalone profit after tax for FY2026: ₹10.29 crore (₹1,029.27 lakh). Consolidated revenue for FY2026: ₹294.61 crore (₹29,460.97 lakh). Consolidated profit attributable to owners for FY2026: ₹10.45 crore (₹1,044.50 lakh). ## What to track next Investors should monitor the performance of the consolidated entity and the integration of Vaneera Industries Ltd. into Garg Furnace's operations. The sustainability of the improved profitability margins will also be a key factor.
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