Garden Reach Shipbuilders & Engineers Ltd

Revenue from operations increased to Rs 1,896 crore during the period under review, up 49% YoY. EBITDA improved by 59% to Rs 234 crore in Q3 FY26 from Rs 134 crore in Q3 FY25. Profit before tax stood at Rs 218 crore in Q3 FY26, up by 63% from Rs 134 crore recorded in Q3 FY25. Cmde PR Hari, IN (Retd.), chairman and managing director, Garden Reach Shipbuilders & Engineers, said: With a strong set of numbers recorded during Q3 FY26, we are well on track to register our best-ever financial performance during the current financial year. We have delivered five warships so far during the year and are currently executing 10 major shipbuilding projects comprising of 42 platforms. Our other verticals, like Ship Repairs, Portable Steel Bridges and Naval Weapon Systems are also doing well. With the Next Generation Corvette contract on the anvil, we are confident of ending the current financial year with an orderbook of around Rs. 50,000 crore,' the chairman added. Separately, Garden Reach Shipbuilders and Engineers (GRSE) said that it has signed a memorandum of understanding with K2 Cranes & Components for the design, development, and manufacture of marine, defence and shipyard cranes and associated equipment. While GRSE's mainstay continues to remain warship building and construction of other marine platforms, it also manufactures engineering products. It holds the largest market share in the country in the modular, steel bridges sector, having delivered over 5,900 of them to both domestic and international clients,' the company said in a statement. It further stated that this collaborative initiative will enable GRSE and K2 Cranes to explore and implement profitable business in respect of cranes utilized for marine, defence and shipyard requirements, both in India and abroad. Garden Reach Shipbuilders & Engineers (GRSE) is a defence public sector undertaking, under the administrative control of Ministry of Defence, and a Schedule 'A' Mini Ratna Category-I company. GRSE has built over 800 platforms, including 115 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries. GRSE has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, testing & overhauling of marine diesel engines and the manufacture of 30mm naval surface guns. Powered by Capital Market - Live

Net profit of Garden Reach Shipbuilders & Engineers rose 73.92% to Rs 170.77 crore in the quarter ended December 2025 as against Rs 98.19 crore during the previous quarter ended December 2024. Sales rose 49.15% to Rs 1895.69 crore in the quarter ended December 2025 as against Rs 1271.01 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1895.691271.01 49 OPM %9.075.92 - PBDT230.12145.10 59 PBT217.76133.76 63 NP170.7798.19 74 Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers announced that the Board of Directors of the Company at its meeting held on 28 January 2026, inter alia, have recommended the Second Interim dividend of Rs 7.15 per equity Share (i.e. 71.5%) , 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 28 January 2026.Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers will hold a meeting of the Board of Directors of the Company on 28 January 2026.Powered by Capital Market - Live

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