Garden Reach Shipbuilders & Engineers Ltd (GRSE) has delivered a stellar performance for the financial year 2025-26, achieving its highest-ever revenue and profit. The company reported a 38% increase in revenue to ₹7,002 crore and a 42% jump in profit after tax (PAT) to ₹748 crore compared to the previous year. Driven by a robust project pipeline, the company continues to demonstrate strong operational efficiency and leadership in the defence shipbuilding sector.
Fiscal Year Highlights
The company has achieved significant financial milestones in FY26, reflecting its operational excellence. Total income for the year reached ₹7,276.54 crore, marking a substantial 34.49% growth year-on-year. The strong top-line expansion was matched by improved margins, with EBITDA climbing to ₹1,069.69 crore, a 41.47% increase over the previous year. Earnings per share (EPS) for the year also saw a marked improvement, rising to ₹65.29.
Quarterly Performance Review
For the fourth quarter ended 31 March 2026, the company maintained its growth momentum. Revenue for the quarter stood at ₹2,119.21 crore, up 29.06% compared to the same period last year. Profit after tax for the final quarter reached ₹303.20 crore, representing a 24.14% growth year-on-year. These figures underscore the company’s ability to sustain high-volume deliveries, including the successful handover of 08 warships throughout the year.
Strategic Dividends and Future Outlook
Reflecting its commitment to shareholder value, the Board of Directors has recommended a final dividend of ₹6.70 per equity share for FY26. This is in addition to two interim dividends of ₹12.90 per equity share already paid, highlighting the company’s strong cash flow position. Management attributes these results to a robust physical performance, capability enhancement, and technology adoption, ensuring that the shipyard remains well-positioned for future growth in both domestic and international markets.
Source: BSE
