Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers announced that the Company has approved the promotion of Aparajita Ghosh from General Manager (Finance) to Chief General Manager (Finance), and consequent change in the Senior Management of the Company w.e.f. 18 November 2025. Powered by Capital Market - Live

Revenue from operations jumped 45.48% YoY to Rs 1,677.38 crore during the quarter ended 30 September 2025. Profit before tax (PBT) soared 60.39% to Rs 209.36 crore in Q2 FY26 as against Rs 130.53 crore in Q2 FY25. Earnings before interest, tax, depreciation and amortization (EBITDA) stood at Rs 225 crore in Q2FY26, registering a 56% year-on-year growth from Rs 144 crore reported in Q2FY25. Total expenses increased 40.04% to Rs 1,536.71 crore in Q2 FY26, compared with Rs 1,097.30 crore in Q2 FY25. The cost of material consumed stood at Rs 677.86 crore (down 16.02%), employee benefit expenses stood at Rs 93.50 crore (up 13.31% YoY), while sub-contracting charges were at Rs 343.69 crore (up 225.86% YoY) and finance costs stood at Rs 677.86 crore (down 16.02% YoY) during the period under review. Cmde PR Hari, IN (Retd.), chairman & MD, Garden Reach Shipbuilders & Engineers, said, 'I am happy that we have been able to sustain the growth momentum and the Q2 results have been very encouraging. With a strong order book, result oriented project execution strategy and clear order visibility, I am confident of equally strong financial performance in the second half of FY26 also. On a half-year basis, GRSE posted a 48% year-on-year increase in profit after tax (PAT) to Rs 274 crore in H1FY26, compared with Rs 185 crore in the same period last year. Revenue from operations rose 38% year-on-year to Rs 2,987 crore in H1FY26 from Rs 2,163 crore in H1FY25, supported by robust consumer demand and a continued shift towards premium brands. Garden Reach Shipbuilders & Engineers is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.Powered by Capital Market - Live

Revenue from operations jumped 45.48% YoY to Rs 1,677.38 crore during the quarter ended 30 September 2025. Profit before tax (PBT) soared 60.39% to Rs 209.36 crore in Q2 FY26 as against Rs 130.53 crore in Q2 FY25. Earnings before interest, tax, depreciation and amortization (EBITDA) stood at Rs 225 crore in Q2FY26, registering a 56% year-on-year growth from Rs 144 crore reported in Q2FY25. Total expenses increased 40.04% to Rs 1,536.71 crore in Q2 FY26, compared with Rs 1,097.30 crore in Q2 FY25. The cost of material consumed stood at Rs 677.86 crore (down 16.02%), employee benefit expenses stood at Rs 93.50 crore (up 13.31% YoY), while sub-contracting charges were at Rs 343.69 crore (up 225.86% YoY) and finance costs stood at Rs 677.86 crore (down 16.02% YoY) during the period under review. Cmde PR Hari, IN (Retd.), chairman & MD, Garden Reach Shipbuilders & Engineers, said, 'I am happy that we have been able to sustain the growth momentum and the Q2 results have been very encouraging. With a strong order book, result oriented project execution strategy and clear order visibility, I am confident of equally strong financial performance in the second half of FY26 also. On a half-year basis, GRSE posted a 48% year-on-year increase in profit after tax (PAT) to Rs 274 crore in H1FY26, compared with Rs 185 crore in the same period last year. Revenue from operations rose 38% year-on-year to Rs 2,987 crore in H1FY26 from Rs 2,163 crore in H1FY25, supported by robust consumer demand and a continued shift towards premium brands. Garden Reach Shipbuilders & Engineers is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard. Shares of Garden Reach Shipbuilders & Engineers shed 0.70% to Rs 2,556.35 on the BSE. Powered by Capital Market - Live

Net profit of Garden Reach Shipbuilders & Engineers rose 57.30% to Rs 153.79 crore in the quarter ended September 2025 as against Rs 97.77 crore during the previous quarter ended September 2024. Sales rose 45.49% to Rs 1677.38 crore in the quarter ended September 2025 as against Rs 1152.92 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1677.381152.92 45 OPM %9.315.96 - PBDT221.24141.24 57 PBT209.37130.53 60 NP153.7997.77 57 Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers announced that the Board of Directors of the Company at its meeting held on 04 November 2025, has recommended a Interim Dividend of Rs.5.75 per share (i.e.57.5%), subject to the approval of the shareholders.Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers has entered into a Memorandum of Understanding (MoU) with Centum Electronics, a Bengaluru based Company on 08 October 2025. This MoU establishes a collaborative framework between GRSE & Centum Electronics which aimed at the joint research and development (R&D) of Advanced Naval Navigation Systems. This partnership shall focus on leveraging and enhancing manufacturing infrastructure for components and sub-assemblies of these systems including Onboard Installation, Integration, Setting to Work and Trials, and shall also provide services for the modernization and upgrade of existing Systems. Powered by Capital Market - Live

This partnership will focus on leveraging and enhancing manufacturing infrastructure for components and sub-assemblies of these systems, including onboard installation, integration, commissioning, and trials. It will also provide services for the modernization and upgrade of existing systems. The company stated that this collaboration marks an important milestone in GRSE's ongoing efforts to expand its technological capabilities and support the Government of India's 'Aatmanirbhar Bharat' initiative by promoting indigenous R&D and manufacturing in advanced defence systems. Garden Reach Shipbuilders & Engineers is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. As of 31 March 2025, the Government of India holds 74.50% in the company. The company's net profit jumped 37.84% to Rs 120.18 crore on a 29.73% increase in revenue to Rs 1,309.87 crore in Q1 FY26 over Q1 FY25. The scrip shed 0.79% to end at Rs 2,690 on the BSE. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers has signed the following Memorandum of Understandings (MoUs) with strategic partners in the shipbuilding, port, and infrastructure sectors: a) Deendayal Port Authority, Kandla b) Syama Prasad Mookerjee Port Authority, Kolkata c) Indian Port Rail & Ropeway Corporation d) The Shipping Corporation of India e) Modest Infrastructure Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE, said, 'We at GRSE are proud to be a part of this historic programme launched by Hon'ble Prime Minister Shri Narendra Modi to revitalise India's shipbuilding sector and realise the ambition of positioning India among the world's top five shipbuilding nations by 2047. Against this backdrop, GRSE's MoUs reinforce its role as a key contributor to India's shipbuilding resurgence and maritime self-reliance. The MoUs signed today represent a concrete step towards creating an ecosystem where shipyards, ports, operators, and infrastructure partners work in unison. With our legacy of delivering world-class warships and our growing foray into commercial shipbuilding, GRSE is fully committed to supporting the Aatmanirbhar Bharat and Maritime Amritkal vision. Together with our partners, we aim to build sustainable, green, and globally competitive solutions that will shape the future of Indian shipbuilding.' These MoUs create a structured framework for GRSE and its partners to explore and jointly develop projects across multiple domains, newbuild construction (including green / low emission vessels), ship repair, construction of green tugs as per GTTP specifications, development and maintenance of port infrastructure, jetty and berth development, multimodal logistics and last-mile connectivity, and related civil, rail and ropeway infrastructure for ports and terminals.Powered by Capital Market - Live

The total value of this contract is Rs $62.44 million. This agreement represents an extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT multi-purpose vessel (MPV) project currently under execution in Kolkata. GRSE has ventured into construction of these four hybrid propulsion MPVs with a provision of additional two vessels of hybrid propulsion type. This milestone underscores the shipyard's expanding global footprint in commercial & green shipbuilding. These MPVs will be 120 metres long and 17 metres wide, with a maximum draft of 6.75 metres. The vessels are designed to carry 7,500 metric tonnes of cargo in a single large cargo hold, capable of accommodating bulk, general, and project cargoes. Containers can also be carried on hatch covers. Garden Reach Shipbuilders & Engineers is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. As of 31 March 2025, the Government of India holds 74.50% in the company. The company's net profit jumped 37.84% to Rs 120.18 crore on a 29.73% increase in revenue to Rs 1,309.87 crore in Q1 FY26 over Q1 FY25. The scrip shed 0.86% to currently trade at Rs 2604.10 on the BSE. Powered by Capital Market - Live