Garden Reach Shipbuilders & Engineers (GRSE) announced strong Q3 FY26 results, with a 46% increase in total income to ₹1,958 Crore. Revenue from operations grew by 49% to ₹1,896 Crore. The company has also declared its second interim dividend and is on track for its best-ever financial performance. GRSE boasts a robust order book and continues to execute key shipbuilding projects.
Q3 FY26 Financial Highlights
Garden Reach Shipbuilders & Engineers (GRSE) reported a robust financial performance for Q3 FY26, demonstrating consistent growth and strong numbers. Key highlights include:
- Total Income: ₹1,958 Crore, a 46% increase compared to ₹1,343 Crore in Q3 FY25.
- Revenue from Operations: ₹1,896 Crore, up 49% from ₹1,271 Crore in Q3 FY25.
- Earnings Before Interest, Tax, Depreciation, and Amortization: ₹234 Crore, reflecting a 59% increase from ₹147 Crore in Q3 FY25.
- Profit Before Tax (PBT): ₹218 Crore, representing a 63% growth compared to ₹134 Crore in Q3 FY25.
- Profit After Tax (PAT): ₹171 Crore, a substantial 74% increase from ₹98 Crore in Q3 FY25.
- Earnings Per Share (EPS): ₹14.91 compared to ₹8.57 in Q3 FY25.
9M FY26 Performance Overview
The company’s performance over the nine months of FY26 also shows strong growth:
- Total Income: ₹5,086 Crore, a 39% increase compared to ₹3,654 Crore in 9M FY25.
- Revenue from Operations: ₹4,883 Crore, growing by 42% from ₹3,434 Crore in 9M FY25.
- EBITDA: ₹643 Crore, a 53% increase from ₹421 Crore in 9M FY25.
- Profit Before Tax (PBT): ₹594 Crore, up 56% from ₹380 Crore in 9M FY25.
- Profit After Tax (PAT): ₹445 Crore, reflecting a 57% increase from ₹283 Crore in 9M FY25.
Management Commentary
Cmde PR Hari, IN (Retd), Chairman and Managing Director of GRSE, stated that the company is on track for its best-ever financial performance. GRSE has declared its second interim dividend for the Financial Year 2025-26 at ₹7.15 per equity share. GRSE has delivered five warships during the year and is executing 10 shipbuilding projects comprising 42 platforms. The company anticipates an order book of around ₹50000 Crore.
Source: BSE
