01-Apr-2026      09:42

GRSE spurts on record FY26 turnover

In a press release dated 31 March 2026, the company said its provisional turnover rose to Rs 6,400 crore in FY26, compared with Rs 5,076 crore in the previous year. It also declared an interim dividend of 129%, higher than 89.5% in FY25.

During the year, the shipbuilder delivered eight vessels to the Indian Navy, including advanced frigates and anti-submarine warfare crafts. It also commissioned five vessels and highlighted progress in export orders and upcoming defence contracts.

The stock had declined 9.44% over the previous two sessions but remains up 30.87% over the past one year.

Garden Reach Shipbuilders & Engineers is a defence public sector shipyard under the Ministry of Defence. It was the first Indian shipyard to build a warship for the Indian Navy and has since delivered over 800 platforms, including 118 warships for domestic and international clients. The company operates four shipyards and has diversified into engineering products such as prefabricated bridges and marine systems.

The company reported a 74% YoY jump in consolidated net profit to Rs 171 crore in Q3 FY26, compared with Rs 98 crore in Q3 FY25. Revenue from operations rose 49% YoY to Rs 1,896 crore during the period.

News source: Capital Market - Live News