Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers announced that its was declared the lowest bidder (L1) or Construction of Next Generation Corvettes (NGC) for Indian Navy. The L1 bidder will be awarded five (05) NGC ships at a likely value of more than Rs 25,000 crore. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers announced that the President of India has appointed Kamleshbhai Shashikantbhai Mirani as Part-Time Non-Official Director (Independent Director) on the Board of the Company for a period of three years. The appointment of Kamleshbhai Shashikantbhai Mirani will be effective from the date of allotment of Director Identification Number (DIN) to him. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers announced that Cmde Hari P R, IN (Retd.), Chairman & Managing Director of the Company will hold the Additional Charge of the post of Director (Finance) w.e.f. 01 June 2025. Powered by Capital Market - Live

Cochin Shipyard Ltd, Authum Investment & Infrastructure Ltd, HBL Engineering Ltd and Mishra Dhatu Nigam Ltd are among the other gainers in the BSE's 'A' group today, 14 May 2025.Garden Reach Shipbuilders & Engineers Ltd soared 15.57% to Rs 2213.2 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 14.01 lakh shares were traded on the counter so far as against the average daily volumes of 3.06 lakh shares in the past one month. Cochin Shipyard Ltd surged 10.89% to Rs 1748.95. The stock was the second biggest gainer in 'A' group. On the BSE, 18.93 lakh shares were traded on the counter so far as against the average daily volumes of 3.52 lakh shares in the past one month. Authum Investment & Infrastructure Ltd spiked 10.10% to Rs 2131.95. The stock was the third biggest gainer in 'A' group. On the BSE, 35279 shares were traded on the counter so far as against the average daily volumes of 9011 shares in the past one month. HBL Engineering Ltd jumped 9.62% to Rs 555.15. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.09 lakh shares were traded on the counter so far as against the average daily volumes of 86769 shares in the past one month. Mishra Dhatu Nigam Ltd spurt 8.83% to Rs 371.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.38 lakh shares were traded on the counter so far as against the average daily volumes of 60597 shares in the past one month. Powered by Capital Market - Live

Revenue from operations jumped 61.66% YoY to Rs 1,642.03 crore during the quarter ended 31st March 2025. Profit before tax (PBT) soared 111.73% to Rs 323.55 crore in Q4 FY25 as against Rs 152.81 crore in Q4 FY24. Earnings before interest, tax, depreciation, and amortization (EBITDA) stood at Rs 335 crore, registering growth of 101% as compared with Rs 166 crore posted in the same quarter last year. Total expenses increased 52.58% to Rs 1,432.42 crore in Q4 FY25 as compared with Rs 938.83 crore in Q4 FY24. The cost of material consumed stood at Rs 1,044.54 crore (up 124.12%), employee benefit expenses stood at Rs 97.27 crore (up 3.04% YoY), while sub-contracting charges were at Rs 129.90 crore (down 5.02% YoY) and finance costs stood at Rs 1.35 crore (down 58.46% YoY) during the period under review. On full year basis, the company's standalone net profit jumped 47.62% to Rs 527.40 crore in FY25 as compared with Rs 357.26 crore in FY24. Revenue from operations increased 41.28% to Rs 5,075.68 crore in FY25 as compared with Rs 3,592.64 crore posted in a year earlier. Hari PR, chairman and managing director, Garden Reach Shipbuilders & Engineers, said, 'Happy to report yet another set of strong numbers. With our strong order book, production maturity of the ongoing projects and order visibility including in the commercial shipbuilding segment, I am confident of even better performance during the current financial year.' Meanwhile, the company's board recommended a final dividend of Rs 4.90 per equity share for FY25, subject to shareholders' approval at the ensuing Annual General Meeting (AGM), the dividend would be paid within 30 days from the date of its declaration at the 109th AGM. GRSE is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily serves 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. Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers announced that the Board of Directors of the Company at its meeting held on 13 May 2025, inter alia, have recommended the final dividend of Rs 4.9 per equity Share (i.e. 49%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Garden Reach Shipbuilders & Engineers rose 118.86% to Rs 244.25 crore in the quarter ended March 2025 as against Rs 111.60 crore during the previous quarter ended March 2024. Sales rose 61.66% to Rs 1642.04 crore in the quarter ended March 2025 as against Rs 1015.73 crore during the previous quarter ended March 2024. For the full year,net profit rose 47.62% to Rs 527.40 crore in the year ended March 2025 as against Rs 357.27 crore during the previous year ended March 2024. Sales rose 41.28% to Rs 5075.69 crore in the year ended March 2025 as against Rs 3592.64 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1642.041015.73 62 5075.693592.64 41 OPM %13.468.92 -8.306.52 - PBDT333.56163.23 104 745.77522.26 43 PBT323.55152.82 112 703.28480.93 46 NP244.25111.60 119 527.40357.27 48 Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers has revised the meeting of the Board of Directors which was scheduled to be held on 12 May 2025. The meeting will now be held on 13 May 2025.Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers will hold a meeting of the Board of Directors of the Company on 12 May 2025.Powered by Capital Market - Live

At its meeting held on Friday, April 25, 2025, the GRSE board discussed and approved plans to lease a land parcel at Timber Pond, Howrah, from SMPK. This land, with its strategic waterfront access, will be used by GRSE to strengthen its infrastructure for shipbuilding, ship repair, and other engineering activities. The company emphasized that this move aligns with its long-term vision to meet the growing domestic and export demand for its services. The company clarified that no immediate revenue generation is anticipated from this initiative. State-run GRSE is one of India's leading defence shipyards, located in Kolkata. It builds and repairs commercial and naval vessels. GRSE also exports the ships that the company builds. As of 31 December 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 11.26% to Rs 98.19 crore on a 37.69% rise in revenue from operations to Rs 1,271 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live