Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers has signed the Contract for Construction of two Coastal Research Vessels (CRVs) for the Geological Survey of India (GSI) on 11 June 2025.Powered by Capital Market - Live

In a regulatory filing made today, the company said that on 04 June 2025, it has signed a MoI with Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG, Germany, for the construction of four follow-on 7,500 DWT multi-purpose vessels. These vessels will be built as a continuation of the eight vessels currently under construction at GRSE's Kolkata shipyard. The follow-on vessels will feature hybrid propulsion systems and comply with the latest cybersecurity standards. The firm contract for these vessels is expected to be finalized by 31 August 2025. In pursuance of venturing into construction of offshore platforms and vessels, GRSE stated that it has signed a memorandum of understanding (MoU) with Aries marine, a Dubai based, established and independent engineering and design firm for offshore platform and vessel design. This is to extend worldwide reach of GRSE in the offshore market. This MOU aims to facilitate collaboration on identifying and developing offshore orders for platforms designed by ARIES and built by GRSE. On the same day, the company has also inked MoU with a global engine manufacturer. The aforementioned MoI and MoUs were signed during the company's official delegation visit to Norway. 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. The company's standalone net profit surged 118.87% to Rs 244.24 crore while revenue from operations jumped 61.66% to Rs 1,642.03 crore in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers has entered into the following Memorandum of Intent (MoI) and Memorandum of Understandings (MoUs): (a) On 04 June 2025, Garden Reach Shipbuilders & Engineers (GRSE) signed a MoI with M/s Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG, Germany, for the construction of four (04) follow-on 7,500 DWT Multi-Purpose Vessels. These vessels will be built as a continuation of the eight (08) vessels currently under construction at GRSE's Kolkata shipyard. The follow-on vessels will feature hybrid propulsion systems and comply with the latest cybersecurity standards. The firm contract for these vessels is expected to be finalized by 31 August 2025. (b) In pursuance of venturing into construction of Offshore platforms and vessels, GRSE signed a Memorandum of Understanding (MoU) with M/S Aries marine, a Dubai based, established and independent engineering and design firm for offshore Platform and vessel design. This is to extend worldwide reach of GRSE in the offshore market. This MOU aims to facilitate collaboration on identifying and developing offshore orders for platforms designed by ARIES and built by GRSE. (c) GRSE also signed MoU with a Global Engine Manufacturer on the same day. Powered by Capital Market - Live

The project, to be executed at GRSE's Kolkata yard, will support deep-sea research in polar and southern oceans. The PRV will be equipped with cutting-edge scientific instruments and developed in partnership with the National Centre for Polar and Ocean Research (NCOPR), aligning with the government's 'Make in India' push. Union Minister Sarbananda Sonowal, currently in Norway for the Nor-Shipping event, noted that Indian shipyards now hold 11% of the Norwegian Shipowners' Association's order book, showcasing India's rising stature in global shipbuilding. 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. The company's standalone net profit surged 118.87% to Rs 244.24 crore while revenue from operations jumped 61.66% to Rs 1,642.03 crore in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

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